The board meeting covered highlights and lowlights from expanding to a new UK address and joining a larger company, resulting in 300-400% weekly growth. They discussed progress on action items like results from a hackathon and crowd funding plans. Key challenges were creating 30, 60, 90 day plans and addressing team building and brand building needs. The next meeting details were set.

1. for Stanford University Venture Lab 2012
6th Board Meeting
Date : 16 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

2. 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 )

3. 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

4. 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/

5. 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

6. Key Challenge & Decision
1) 30,60,90 days plan
1) Technology
2) Brand Building ( Customer )
3) Team Building (Human Resources)
4) Finance
2) 30,60,90 days plan - Base
1) 30 days – Etsy UK store
2) 60 days - eBay Australia Store
3) 90 days - Esty Australia Store
2) Team Building
1) 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.

7. Key Challenge & Decision
Brand Building
1) Facebook like page. How to gain volume or “like” for each new post
2) P&G multibrand structure : Structure of Brand Manager
3) Brand Manager or Merchandising Manager?
Correspondence address & position in US
(Srini)
1) Need to Registered as branch or Representative Office
2) Tax implication like VAT or Sales tax
3) Legal administrative like need to submit audited account to respective country?
4) Address of services provider like web designer etc?

8. 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 Office
2) Tax implication like VAT or Sales tax
3) Legal administrative like need to submit audited account to respective
country?
4) Address of services provider like web designer etc?

9. Next meeting time & location :
 Date : 16 March 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