TOPIC 1: BOARD BUSINESS
- Get the boring stuff out the way first. This can include any formal approvals required by the board, sign-off of previous board meeting minutes, as well as sign-off on option grants for new hires/promotions
- When asking for approval of new option grants, include all of the information the board needs to make a decision, not just the number of options. This means translating specific option grants into a percentage of fully diluted shares, as well as keeping a running tally of how much of the total option pool has been allocated, and how much remains for future employees.
TOPIC 2: ORGANIZATION
- In the beginning of your presentation, it’s always good to show an org chart that includes everyone at the company. Remember that your board members probably sit on a number of boards, so this can be a useful visual that can be referenced in later discussions.
- On the org chart, include open positions that you are currently hiring for, as well as contemplated future hires that are not yet in active recruitment mode.
- Color code the org chart to clearly distinguish new hires, open positions, and existing employees.