6th board meeting
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Transcript of 6th board meeting
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6th Board Meeting
Date : 16 February 2013 ( Saturday )
Time: London, UK 2.30pmNew York, USA: 10.30amCalifornia, USA: 6.30am
Malaysia: 10.30pm
Conference Call Information : Skype id :BeautyArbitrage
Skype Group : Arbirage
for Stanford University Venture Lab 2012
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Agenda & Purpose
Agenda & Purpose (2 Minutes )
Highlight & lowlights summary (8 Minutes)
Action items from last Board meeting & Progress (24 Minutes)
Key challenges & Decisions / Next step for resolving & implementing (24 Minutes )
Confirm next Board meeting time and location( 2 Minutes )
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Highlights & Lowlights
1) New address in Middlesex, UK, enable us to joint Bigcrumbs.com
2) Same store growth rate of our etsy store after joining Bigcrumbs.com at 300% to 400% per week
3) Result of our Startupcompass report
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Action item from last meeting & Progress :
1) Technology
Result of ebay Hackathon by Sam in London. Any new knowledge or idea gain on ebay platform from Hackathon
2) Crowd Funding UK now or wait for US’s SEC http://www.indiegogo.com/
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Action item from last meeting & Progress :
3) Team Building bricks: Team ethical code walls : Team Building Cathedrals : Funding (Refer : Discuss What it like working together
below : ) Srini : Silicon Valley (Seed Funding) Nevada Corporation
Cory : New York ( Product /market fit ) Delaware Corporation
Sam : London ( Crowd funding : Crowdcube.com) UK based limited Co
Peter : Malaysia (Corporate investor : Berjaya Group) might have to give up majority shareholding. However can do M&A like Friendster acquisition. Might closed down office in US like Frienster office in Silicon Valley.
Constraints : Human Resources
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Key Challenge & Decision
1) 30,60,90 days plan1) Technology2) Brand Building ( Customer )3) Team Building (Human Resources)4) Finance
2) 30,60,90 days plan - Base1) 30 days – Etsy UK store2) 60 days - eBay Australia Store3) 90 days - Esty Australia Store
2) Team Building1) Team Member who absent for 2 consecutive meeting without valid reason will be removed.2) Team member who absent for 3 consecutive meeting with valid reason will be removed.
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Key Challenge & Decision
Brand Building1) Facebook like page. How to gain volume or “like” for each new post2) P&G multibrand structure : Structure of Brand Manager3) Brand Manager or Merchandising Manager?
Correspondence address & position in US (Srini)1) Need to Registered as branch or Representative Office2) Tax implication like VAT or Sales tax3) Legal administrative like need to submit audited account to respective country?4) Address of services provider like web designer etc?
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Action to be Accomplished :
1) 30,60,90 days Plan
2) Correspondence address & position in US (Srini)1) Need to Registered as branch or Representative Office2) Tax implication like VAT or Sales tax3) Legal administrative like need to submit audited account to respective country?4) Address of services provider like web designer etc?
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Next meeting time & location :
Date : 16 March 2013 ( Saturday )
Time: London, UK 2.30pmNew York, USA: 10.30amCalifornia, USA: 6.30amMalaysia: 10.30pm
Conference Call Information : Skype id :BeautyArbitrage Skype Group : Arbirage