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October Board Update with Funding and Growth
Monthly board report highlighting Series A close, product launch, team growth, and competitive concerns. Shows strategic-level framing appropriate for board consumption with metrics, health indicators, and competitive response strategy.
Input
What you provide to the skill
October: launched AI features (500 users), closed Series A ($2M), hired 3 engineers. MRR $45K to $62K. Churn up 4.1%. Competition copied our dashboard. Board update.
Output
What the skill generates for you
OCTOBER BOARD UPDATE
KEY ACHIEVEMENTS
[checkmark] AI features launched: 500 users onboarded successfully
[checkmark] Series A closed: $2M secured
[checkmark] Team expansion: 3 engineers hired
[checkmark] Strong revenue growth: MRR $62K (+38% from $45K)
[warning] Customer retention declining: Churn up 4.1%
---
BUSINESS METRICS
**Revenue:**
- MRR: $62K (+38% from $45K)
- Series A funding: $2M closed
**User Growth:**
- AI feature users: 500 (new segment)
**Health Indicators:**
- Churn: Up 4.1% [warning]
---
STRATEGIC FOCUS
**1. Churn Reduction (Priority)**
- Root cause: Needs investigation (recent spike)
- Action: Customer interviews, retention analysis
- Target: Stabilize at previous levels by end of Q4
**2. AI Feature Adoption**
- Launch: 500 early users
- Next phase: Expand rollout, measure engagement and retention impact
**3. Engineering Capacity**
- Team growth: 3 new engineers onboarded
- Impact: Accelerates roadmap execution
---
COMPETITIVE LANDSCAPE
**MEDIUM: Dashboard Feature Copied**
- Competitor replicated our dashboard functionality
- Response: Accelerate differentiation through AI capabilities
- Advantage: Our AI features create new moat
---
Q4 GOALS
1. Reduce churn to pre-October levels
2. Scale AI feature adoption to 2,000+ users
3. Deploy new engineering capacity for competitive advantage
---
Board questions welcome.
About This Skill
Transform raw PM status notes into polished executive summaries with progress highlights, decisions needed, blockers/risks, and metrics.
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