The discipline shown from sending investor updates

After a decade of angel investing, I've noticed that most of the companies that perform well have one thing in common: They send consistent investor updates…Without fail. Without excuses. Without missing a single month (or quarter).

This isn't just about communication. It's about discipline.

A founder's ability to maintain the rhythm of regular investor updates is representative of their broader operational discipline. It speaks volumes about how they run their company when nobody's watching.

When I receive a disappointing update, I care far less about the numbers themselves than I do about three critical factors:

1. Did the founder accurately identify the CAUSE of poor performance?

2. Did they take immediate action to fix it?

3. In the following months, did their solution actually work?

The discipline of consistent communication reflects a founder's overall approach to building their company.

So if you're a founder reading this, remember: Your investor updates aren't just keeping investors informed - they're demonstrating your discipline as a leader.

And that discipline might be the most important factor in your long-term success.