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Start-up Board Management and Best Practices

Founders of early-stage startups organize themselves and their businesses out of the chaos of start-up primordial soup.  If things go well, over time, an increasing amount of order and organization is applied to that chaos. Arguably, the most significant point at which a start-up must mature their processes and procedures comes with the decision to […]

Start-up Capitalization Table Template

Your start-up’s capitalization table (who owns what amount of different types of stock) is an important reporting tool for company execs, the board and investors.  Having a clean, easy-to-maintain cap table makes reporting to all audiences much easier. This quick post covers start-up cap table creation, maintenance and reporting using a Google Docs spreadsheet and […]

2011 Start-up Planning Discussion part2

In the previous post, we covered the basics of annual planning, the components of an annual plan and started to dig into the analysis of an example annual plan with a 12-month look back into a fictional company’s operating history.  In this post, we’ll continue to analyze the plan and answer a key question during […]

2011 Annual Planning Discussion with examples

When you have an executive team, investors and a board of directors, it’s critically important that everyone be on the same page regarding the company’s current and go-forward operating metrics: how much money will be spent and on what? over what period of time? how many employees will be hired and into what positions? how much revenue will be generated and by what means? how much cash exists and when does cash run out?

2010 Example Board Presentation and Discussion

This post will cover a presentation outline and discussion for what I believe is a solid starting point for best practices in a typical, periodic board presentation by a start-up CEO. These days, early stage companies tend to have monthly or every-other-month meetings; more mature companies rarely go longer than a single quarter without a formal board meeting. Because the goal of a the board book and the board meeting is to clearly communicate the state of the business to board members, over the course of 2-3 hours, such that board members are equipped to perform their duties.