Transparent communication and accountability are essential for maintaining investor trust from "summary" of Secrets of Sand Hill Road by Scott Kupor
Investors put their money into your startup with the expectation that you will use it wisely and work diligently to grow the company. This trust is the foundation of the relationship between investors and entrepreneurs. As a founder, it is crucial to nurture this trust through transparent communication and accountability. Transparent communication involves sharing both good news and bad news with your investors. This means being honest about challenges your company is facing, as well as celebrating successes. By keeping investors in the loop, you build a relationship based on trust and mutual understanding.
Accountability goes hand in hand with transparent communication. When you make promises to your investors, whether it's hitting certain milestones or delivering on financial projections, you need to follow through. If things don't go as planned, own up to your mistakes and explain how you plan to address them. This level of accountabil...
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