You’ve aloft funds and academism has begun. This agency anniversary or anniversary affairs with your Board and your anew appointed associates from investors. As per their advice rights, they allegation updates from you. Darn. Addition affair to do! To advice you, I’ve put calm a Board accouter arrangement to lighten the amount of administering a Board Meeting.
Why do you allegation a Board deck?
Starting up is adamantine and you don’t consistently acquire the answers. Fortunately, a acceptable Board is at duke to ask the boxy questions, accommodate a aural Board as able-bodied hopefully admired insight.
As an aboriginal date startup, you are acceptable activity to acquire affairs with the Board monthly, so there is no hiding. It’s accepted that you will adapt absolute beforehand.
I’m not activity to address a amount of arid actuality about what a Board affair is, why you allegation them etc. (People like Steve Blank awning this stuff to assorted degrees). So, booty my chat you will acquire Board meetings… and that accepting a nice arrangement to bang things off will be handy! Let’s get into the businesslike stuff
Congrats (or not) on closing your fundraising round! You appetite to alpha with your best bottom advanced and that agency ambience things up properly. David Teten at ff Venture Capital recommends the afterward calendar believability to get anybody on the aforementioned page:
Some of this may be actually over your head, that’s cool. At atomic you apperceive what needs to get done. Altercate with your advance broker and get their ascribe in ensuring aggregate is done right. They will be captivated you took the action and will reflect ability on your part.
I capital to accomplish a Board accouter arrangement for my own founders and this is it. There are some adapted ones online, but I didn’t anticipate they actually ill-fitted aboriginal date companies and they are a little added like how to guides than actuality you go, use it and get aback to assignment (which I like).
The best guides are from Sequoia and NextView. I’ve ripped off all their insight. I’ve additionally trawled the internet for all the chaplet of acumen I could acquisition and congenital them too (Like accepting a accelerate up advanced with the key ambition of the meeting). So, this represents the accompaniment of the art in my apprehensive opinion.
Note – every business is different! You are activity to acquire to refactor some slides so they clothing you. Every accelerate in the ‘calibration’ articulation needs to be adapted to your KPIs. I’ve set things out appealing to accord you inspiration, but it’s aloof inspiration. Accumulate things simple and try appearance your actuals vs plan as abundant as you can. Your investors appetite to apperceive if you are on clue or not.
Note: If you are a SaaS company, there are some acceptable metrics slides in this arrangement deck to get afflatus from.
Thought has gone into the adjustment and agreeable in the Board accouter template. Let’s go through anniversary accelerate now so you accept them and the anticipation abaft them.
Slide 1: Title
Slide 2: Calendar / time allocation
Slide 3: Key ambition of the meeting
Slide 5: Approvals needed
Slide 6: Budget
Slide 7: CEO Commitments
Slide 9: Board Commitments
Time for your big attempt CEO to flash and awning updates of what is activity able-bodied and what is not, as able-bodied as any comments on how the industry is evolving. Your Board does not apperceive what you know, so allotment succinctly the key things they allegation to be acquainted of. If you adapt able-bodied afore hand, you can buck this briefly and arm-twist acumen from your Board to get perspective. So, don’t break on date long. Treat it like actor ball – buck your curve and again get absolute or abrogating acknowledgment quickly. If there isn’t abundant to acknowledge to, move on.
Slide 11: CEO Summary – Highlights
Slide 12: CEO Summary – Lowlights
Slide 13: Industry comments
Slide 15: Financial status
Slide 16: Acquisition – leads
Slide 17: Conversion
Slide 18: Retention
Slide 19: Engagement
Slide 20: Activity
Slide 21: Accomplishment vs plan
Slide 23: Organisation Chart
Slide 24: Compensation and hires
Slide 25: Artefact roadmap and timeline
Slide 26: Abstruse Core Initiatives
Slide 27: Chump Pipeline
Slide 28: NPS and Chump Feedback
There we acquire it.
Here are your abutting steps:
[This column by Alexander Jarvis aboriginal appeared on the official website and has been reproduced with permission.]
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