This chapter discusses the trend of capital intensive manufacturing businesses adding a high margin subscription revenue stream to their offerings. It highlights the example of Peloton and explores the challenges faced by these businesses in the Direct-to-Consumer industry.
Today’s show:
Kruze COO, Scott Orn, joins Jason to discuss best practices for early stage startups to prepare for and execute successful board meetings. The two dive into the reasons VCs want governance through board meetings (00:56), what should be in a full board packet (6:51), formal things investors look for (11:10), and much more!
Timestamps:
(0:00) Kruze COO, Scott Orn, joins Jason
(00:56) The reasons VCs seek governance in startups and key tips for developing a standardized board presentation
(6:51) Building a startup financial package and the importance of presenting a financial flash page at the start of a board meeting.
(11:10) Essential factors investors consider during a board meeting
(15:08) The most common question regarding in-depth operational metrics
(20:51) Examining R&D and engineering support expenses in the calculation of the cost of goods sold
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Check out Kruze: https://kruzeconsulting.com
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Follow Scott: https://twitter.com/scottorn
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Follow Jason:
X: https://twitter.com/jason
Instagram: https://www.instagram.com/jason
LinkedIn: https://www.linkedin.com/in/jasoncalacanis
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Great 2023 interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland
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Check out Jason’s suite of newsletters: https://substack.com/@calacanis
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Follow TWiST:
Substack: https://twistartups.substack.com
Twitter: https://twitter.com/TWiStartups
YouTube: https://www.youtube.com/thisweekin
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Subscribe to the Founder University Podcast: https://www.founder.university/podcast