This is such an important point, and it's very easy to overlook the internal comms (whilst all the while being open and personable to the outside).
One thing that really, really helped us was our angel investors asking for a monthly update. They were very hands off, but just wanted to be kept in the loop about what was going on.
Aside from it taking a while to get out of the habit of 'putting off sending the email until the next big piece of company news was out' (which is never a good idea), it was amazing to see the different reactions to sending them a very personal, informal email with updates not only about the company but about the team as well, rather than just a fact / numbers based 'company update'.
I'm sure this is obvious to anyone on the outside, but it's so easy to miss the internal stuff when you're growing (both traction and team). I highly recommend that anyone starting a business finds someone they trust (investor or not) with whom they can send such a monthly update. Not only will it help put things in perspective, it's good practice for when it's necessary to write ones to the team like this one from Keen.
Not discussing the bad things has the opposite effect of what people think. Most employees know that something not good is going with the company. Not discussing it makes people wonder if it's bad or worse.
If I was looking for a new job, I would apply to Keen right now, saying "Hey, I think I can help here...". As an employee inside the company I would be extra creative and incentivized to make sure everything I do has an impact.
One thing that really, really helped us was our angel investors asking for a monthly update. They were very hands off, but just wanted to be kept in the loop about what was going on.
Aside from it taking a while to get out of the habit of 'putting off sending the email until the next big piece of company news was out' (which is never a good idea), it was amazing to see the different reactions to sending them a very personal, informal email with updates not only about the company but about the team as well, rather than just a fact / numbers based 'company update'.
I'm sure this is obvious to anyone on the outside, but it's so easy to miss the internal stuff when you're growing (both traction and team). I highly recommend that anyone starting a business finds someone they trust (investor or not) with whom they can send such a monthly update. Not only will it help put things in perspective, it's good practice for when it's necessary to write ones to the team like this one from Keen.