5th board meeting

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5th board meeting

  1. 1. for Stanford University Venture Lab 2012 5th Board Meeting Date : 5 January 2013 ( Saturday ) Time: London, UK 2.30pm New York, USA: 10.30am California, USA: 6.30am Malaysia: 10.30pmConference Call Information : Skype id :BeautyArbitrage Skype Group : Arbirage
  2. 2. Agenda & PurposeAgenda & 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 )
  3. 3. Highlights & Lowlights 1) Alex Chan would not be offer equity after course end 2) Brief on current status a) eBay Uk, eBay Australia, ebay US b) Introduction of Malaysia Michelle Yeoh (Bond Girl from Ipoh) Jimmy choo (Shoe Designer base in UK )
  4. 4. Action item from last meeting & Progress : 1) Code of ethical No Board member send new suggestion 2) 1/10 of a penny per shares Email 3) Crowd Funding UK now or wait for US’s SEC http://www.indiegogo.com/
  5. 5. Action item from last meeting & Progress : 4) 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
  6. 6. Action item from last meeting & Progress : 5) Team Building (Refer Cathedrals funding above) Equity or share option Before funding: 0.25% to 2% of the company vesting over 4 years 1) Fixed to all Board Member 2) Base on attendance,Accomplishment,contribution decided by Board 3) Decided by CEO minimum 0.25% maximum 2% base on attendance, Accomplishment and contribution. http://www.feld.com/wp/archives/2004/07/boards-that-are-not- bored.html After funding : Co-founder of facebook : 6% of company vesting over 3 years
  7. 7. Action item from last meeting & Progress : 6) Future Board Meeting One Week per meeting ( 52 meeting per year ) 2 weeks per meeting ( Existing course ) One month per meeting ( 12 meeting per year ) 2 months per meeting ( 6 meeting per year ) 3 months per meeting ( 4 meeting per year )
  8. 8. Key Challenge & DecisionSoftware Intellectual PropertyFacebook apps for gift that link with facebookCorrespondence address in UK and US1) 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?
  9. 9. Action to be Accomplished : 1) Team Building / Brand Building / funding A) Tax implication and legal implication for team member to have title like VP on Marketing, Country Manager, Human Resources Manager etc, and effect to your present employer, if any. B) Connect with Linkedin Page http://www.linkedin.com/company/arbirage-sdn-bhd C) Update on Crunch Base profile under “people” http://www.crunchbase.com/company/arbirage D) Brand Building US – AOL etc UK – Mumsnet etc
  10. 10. Next meeting time & location : Date : 2 February 2013 ( Saturday ) Time: London, UK 2.30pm New York, USA: 10.30am California, USA: 6.30am Malaysia: 10.30pm Conference Call Information : Skype id :BeautyArbitrage Skype Group : Arbirage

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