Think of monthly updates as informal letters that you write every month to your investors (or more generally your stakeholders). Stakeholders that are involved with a company, want to know about your upcoming plans, progress made so far and any challenges that you are having. While bigger companies often have to do regular formal reporting, there are no set rules for smaller/younger companies. Our experience shows, however, that a monthly update routine is best practice.
To start a monthly update, simply go to the Update page and click on the “New Update Button”. In the popup/modal that appears, the monthly update should be immediately visible.