7th board meeting

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7th board meeting

  1. 1. for Stanford University Venture Lab 2012 7th Board Meeting Date : 16 March 2013 ( Saturday ) Time: London, UK 3.30pm New York, USA: 10.30am California, USA: 7.30am Malaysia: 11.30pmConference 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) Hossam never response after request to sign NDA and Non-competitiveAgreement 2) A Malaysian base in Seattle, US http://venture- lab.org/advanced_venture/view_profile/110041 contact me after my posting on Linkedin Group http://www.linkedin.com/groups/Any-team-from-Stanford- want- 4344783.S.220483320?view=&type=member&gid=4344783&item=220483320 &commentID=0&trk=eml-ntf-hero-like-my-discussion- view&ut=3eSM0_S957IBE1 . However, She still a bit reluctant to joint our Board 3) A person base in Panama http://www.linkedin.com/profile/view?id=22932436&authType=name&authTo ken=eR-Q&invAcpt=&goback=%2Emid_I2745659161*43_*1 also contact me after above posting
  4. 4. Highlights & Lowlights 4) In sufficient time to launch ebay Australia 5) Sales of 5 yards ribbon http://stores.ebay.co.uk/Arbirage/5-Yards- /_i.html?_fsub=4315979013&_sid=647055093&_trksid=p4634.c0.m322 has started but yet to get the desires result . However, all product photo still used 15 yards ribbon photo except sold colour…white 6) We sold Neon Green colour in last 24 hours 7) Devaluation of GBP and appreciation of USD
  5. 5. Action item from last meeting & Progress : 1) Logo coup on Linkedin Sam 2) Posted blog related to product in stead of venture on our facebook page but still no “like” https://www.facebook.com/#!/Arbiragecom Cory / Sam 3) Certificate of Sam by Google Srini
  6. 6. Action item from last meeting & Progress : 3) Team Building Nevada Corporation : Best Tax Protection http://www.sutlaw.com/nevada/ Wyoming Corporation : Lowest cost http://www.sutlaw.com/nevada/ Delaware Corporation : favorite by investor but highest cost Malaysia Corporation : UK address : Done : MappBiz : Sam California address : have to pay “minimum” USD800 franchise tax yearly regardless of company make profit or not New York address : USD225 one off fee http://www.dos.ny.gov/corps/buscorp.html#appauth
  7. 7. Key Challenge & Decision1) 30,60,90 days plan1) Technology2) Brand Building ( Customer )3) Team Building (Human Resources)4) Finance2) 30,60,90 days plan - Base1) 30 days – Official launch ebay Australia store2) 60 days - Soft launch Esty Australia store3) 90 days - separation of ebay store in US and UK3) Team Building1) No accomplishment by Team Member – Cultural - Srini 2)Kangie Chan do not oppose to become our Board member. However, unable to wake upin the morning to attend our meeting. 3) Posting reply on Linkedin Group - http://www.linkedin.com/groups/Any-team-from-Stanford-want-4344783.S.220483320?qid=36ecf73d-9ab8-4aac-96c7-4fa695a8355a&trk=group_most_recent_rich-0-b-ttl&goback=%2Egde_4344783_member_223212559%2Egmr_4344783 -Srini?
  8. 8. Key Challenge & DecisionBrand Building1) No “like” on Facebook despite posting blog related to product in stead of venture2) Cory and Sam in charge of US and UK respectively3) Big Crumb , Mumsnet, AOLCorrespondence address & position in US California address : have to pay “minimum” USD800 franchise tax yearly regardless of company make profit or not New York address : USD225 one of fee http://www.dos.ny.gov/corps/buscorp.html#appauth
  9. 9. Action to be Accomplished : 1) 30,60,90 days Plan1) Technology – New Team Member2) Brand Building ( Customer ) – Cory / Sam3) Team Building (Human Resources) - Srini4) Finance – Peter
  10. 10. Next meeting time & location : Date : 13 April 2013 ( Saturday ) Time: London, UK 3.30pm New York, USA: 10.30am California, USA: 7.30am Malaysia: 11.30pm Conference Call Information : Skype id :BeautyArbitrage Skype Group : Arbirage

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