DDC, a startup developing business document sharing software and Morgan Lewis, a law firm serving the entrepreneurial community, authored a very handy guide in compiling and distributing the board package.
"Board what?" many of my friends working on their early-stage companies may ask. When investors such as Robin Hood Ventures write checks to a company, we usually require a seat in the company's board of directors (see our Screening Criteria). The board meets periodically to review the company's performance and make decisions for the company. The board meeting is one of the major venues where Robin Hood's industry knowledge and operational experience add value to our portfolio companies. To give the board members an effective update of the company, the CEO makes a package of documents including presentation slides and supplementary materials. The guide from DDC and Morgan Lewis tells CEOs what to and not to include in the package. Thanks to DDC and Morgan Lewis.