# How to write a good funding application update

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

Alex Zorychta · 2026-08-13

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](/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.