Portfolio Company reporting (to investors)
The best syndicates provide short regular updates on their portfolio companies to the investors that participated in a particular SPV. Typically this is handled quarterly. The primary purpose of these updates is to inform investors about how the company is progressing, with relevant metrics and financial data.
A secondary purpose is to share help or advice required by the company, and solicit feedback and help from your investors. It is also a great way to drive engagement with your investors, increasing the probability they’ll transact with you again in future. Infrequent updates can result in lost interest among investors for follow-on opportunities in the future, while too-frequent updates can be annoying.
As a syndicate lead, you can communicate these updates however you’d like. To make things easier, Odin provides functionality for you to email all investors in a specific deal, directly from the deal page. Investors can then respond and ask questions via email.
Currently these updates are not stored in-platform, but this functionality may be included in a future iteration of the platform.