Great post. I agree. At a recent angel investor conference in the Pacific Northwest, when angels were asked "What could entrepreneurs do better in their relationships with Angels?" - the answer was "Monthly Updates!" I am now working monthly CEO Updates into my term sheets as a requirement. I have also been working on some best practices and templates at: <a href="http://www.angelblog.net/Reports_to_Shareholders.html" rel="nofollow"><a href="http://www.angelblog.net/Reports_to_Shareholders.html" rel="nofollow">http://www.angelblog.net/Reports_to_Shareholders.html</a></a>
I hope this helps, Basil