Maximizing Board Meetings and Seeking Feedback in Early-Stage Startups

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This chapter discusses the importance of socializing and getting ahead of bad news or big decisions in early-stage board meetings. It emphasizes the need for entrepreneurs to seek feedback and guidance from board members and investors, and highlights the role of mentors and experts in helping startups navigate challenges.

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 * Check out Kruze: https://kruzeconsulting.com * Follow Scott: https://twitter.com/scottorn

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