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Ask HN: What's next, After I get funding?

3 points by ezrider4428 ↗ HN
Hypothetical situation.

I get funding from a VC firm like Battery Ventures or Kleiner Perkins Caufield & Byers somewhere in the range of $5 million.

What kind of reporting do i need to provide back to the investor? Just financial or key metrics? I am sure each investment company is different but i am just trying to understand what are the types of things VC's are looking for after they invest.

Thanks in advance, Eric

2 comments

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jacquesm
When you're looking at an investment of that size you will likely have one or more board members from the VC to look after their interests.

This is probably a good start for reading material:

http://www.venturemomentum.com/VCBoardInfo.html

ezrider4428
This is perfect, thanks!

The only challenge i see is (like mentioned in the post) there is no consistency between VC's. Each feel that a certain report is "The Most important" What happens when there are multiple VC's or a mix of VC's, angels and governments.

For a startup reporting to each can be really time-consuming....and wasteful especially if the time spent on reports takes away from the time spent on making the product better.