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AP

Avni Patel Thompson

01/31/19

@ Y Combinator

I conducted monthly investor updates to maintain transparency about our financial health and operational challenges.

Video

YC

What Shutting Down Your Startup Feels Like - Avni Patel Thompson of Poppy with Kat Manalac

@ Y Combinator

What Shutting Down Your Startup Feels Like - Avni Patel Thompson of Poppy with Kat Manalac

01/31/19

Related Takeaways

AP

Avni Patel Thompson

01/31/19

@ Y Combinator

I communicated transparently with my team and investors about our financial situation, ensuring everyone understood the challenges we faced.

AP

Avni Patel Thompson

01/31/19

@ Y Combinator

Keeping investors closely updated through monthly reports is crucial, especially during tough times, as it helps maintain transparency and accountability.

EG

Elad Gil

10/18/18

@ Y Combinator

Monthly investor updates should clearly outline what assistance is needed from investors, along with key metrics and updates on the business.

NB

Nate Blecharczyk

10/26/13

@ Y Combinator

During investor meetings, we faced challenges, including one investor leaving mid-pitch, which highlighted our lack of readiness.

BS

Bipul Sinha

06/06/25

@ The Logan Bartlett Show

We focused on transparency and open communication in our organization to build trust and ensure everyone understood the company's direction and performance.

NB

Nate Blecharczyk

10/26/13

@ Y Combinator

Michael later advised us to show more progress before seeking investments, which led us to meet with him weekly for updates.

KD

Kalam Dennis

12/15/18

@ Y Combinator

We meet with our direct reports weekly to discuss strategic projects and maintain transparency with a public project list.

BC

Brian Chesky

06/02/24

@ The Social Radars Podcast

I emphasized open communication during the crisis, holding weekly all-hands meetings to keep everyone informed and engaged.

IV

Ilya Volodarsky

08/01/19

@ Y Combinator

Establish social accountability around your metrics by sharing business performance updates with friends, advisors, and investors to gain valuable feedback.