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How to write a good funding application update

Write consistent, clear, numbers-driven updates for Not Yet Ventures. Builders and companies.

We believe behavior over applications. The strongest signal, and the habit that makes better founders, is a consistent, clear, numbers-driven update. After you introduce yourself on /pitch, we email you a private address. Send updates there from the same email you used when you introduced yourself.

Cadence

About once a month is the bar we notice. Missing a month cools priority; it does not delete your channel. Consistency beats perfection.

What good looks like

  • Short. Prefer one screen over a novel.

  • Clear and direct. Say what happened, what you learned, what is next.

  • Numbers when you have them. Users, revenue, runway, experiments run.

  • Honest. Bad news early is useful. Spin is not.

  • One ask at most, if you have one. Optional.

If you have a company

Write like a stakeholder update: progress since last time, key metrics, risks, and what you are focused on next. Example shape:

Subject: Acme - June update

Since last month: shipped billing v2; 12 paying teams (was 7).
MRR $4.2k. Runway ~9 months.
Learning: enterprise sales cycle is longer than we hoped; tightening ICP.
Next: close 3 design partners; hire first AE.
Ask: intros to Series A fintech operators who sold into mid-market banks.

If you are a builder (no company yet)

Same muscle, different content. Progress, curiosity, what you shipped or explored. Example shape:

Subject: Builder update - June

This month: talked to 18 campus founders about scheduling pain; built a
weekend prototype that books study rooms via SMS.
Learning: students will not install another app; SMS retention was 40% week 1.
Next: 10 more interviews; decide whether to keep building or kill.
Links: demo video, notes doc.

How to send

Email your private address (the one we sent you). Use the same From address you registered on /pitch. Do not forward from a different mailbox unless that address is also on your profile with us.

This is not a fast lane to a meeting. Updates are how we stay close while generative time stays scarce.

Ready to talk? Pitch Us.

General education. Not an offer to sell securities. Not investment, legal, or tax advice.