Board Update Template

# [Company Name] — Board Update — [Month YYYY]

**Date:** [DATE]
**Author:** [CEO Name]

---

## 1. Headline

[1-2 sentences. The single most important thing about this month. Be specific.]

> Example: "MRR grew 18% to $124k, driven by the new mid-market motion. Sales cycle dropped from 67 to 42 days. We're hiring AE #2 next week."

## 2. Key metrics

Pick 5-7 metrics that actually matter. Include trend. Don't hide misses.

| Metric | Last month | This month | Trend |
|---|---|---|---|
| MRR | $105k | $124k | +18% |
| Net new customers | 12 | 16 | +33% |
| Churn (logo) | 2.1% | 2.4% | +0.3pp |
| Burn (net) | $182k | $176k | -3% |
| Runway (months) | 14 | 13 | -1 |
| Active pipeline | $340k | $420k | +24% |

## 3. Wins

3-5 things that worked. Be specific; "made progress on hiring" doesn't count.

- [Specific win — what was the result, in dollars, customers, or shipped artefact]
- [Specific win]
- [Specific win]

## 4. Misses + what we're doing about them

This section is the most important. Investors trust founders who own misses.

- **[Miss]**: [What didn't work, why, what we've changed]
- **[Miss]**: [What didn't work, why, what we've changed]

## 5. Asks

What we need from the board / investors this month. Specific. Not "intros to investors" — name the type of investor, ideal cheque size, sector.

- [Specific ask 1]
- [Specific ask 2]
- [Specific ask 3]

## 6. Runway + plan

- **Cash on hand:** $[amount]
- **Net monthly burn:** $[amount]
- **Runway:** [N months]
- **Next milestone before raising:** [Specific metric — $X MRR, Y customers, Z product launch]

## 7. Looking ahead

[2-3 sentences. Headline focus for the coming month. The thing you'll be reporting on next.]

---

**Signed:** [CEO]
**Reach me:** [Email + best way to contact for urgent items]
**Next update:** [DATE]