The board meeting covered highlights, lowlights, progress on action items, key challenges, and decisions for Arbirage. Cory was excluded from the team. Sales increased from ribbons but not significantly. A new eBay Australia and Etsy Australia store launched but eBay restricted listing numbers. Progress was discussed on tasks like LinkedIn, Facebook, and finding a potential new team member. Challenges included creating 30, 60, 90 day plans, addressing technology, building the brand and team. The next meeting will be a video call on the same date and times.

1. for Stanford University Venture Lab 2012
8th Board Meeting
Date : 13 April 2013 ( Saturday )
Time: London, UK 3.30pm
California, USA: 7.30am
Malaysia: 11.30pm
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) Cory has been excluded from our team
 2) More sales from 5 Yards ribbon but yet to make significant impact on our
sales http://stores.ebay.co.uk/Arbirage/5-Yards-
/_i.html?_fsub=4315979013&_sid=647055093&_trksid=p4634.c0.m322
 3) ebay Australia store ArbirageOz but restricted by ebay on number of items
, thus, we start launcing Esty Australia ( also ArbirageOz )simultaneously
 4) Add Esty Australia to Bigcrumbs.com on 12 April 2013

4. Action item from last meeting &
Progress :
 1) Logo coup on Linkedin
Sam
 2) “Shares” on Facebook
https://www.facebook.com/#!/Arbiragecom
 Reply on Linkedin
 3) Certificate of Sam by Google
 Srini
 4) Potential new team member
 http://www.linkedin.com/profile/view?id=22932436&authType=name&a
uthToken=eR-Q&invAcpt=&goback=%2Emid_I2745659161*43_*1
 Srini

5. Action item from last meeting &
Progress :
 4) 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

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 – Australia store – ArbirageOZ – eBay & Esty
2) 60 days - separation of ebay store in US and UK
3) 90 days - Bonanza
3) Team Building
No accomplishment by Team Member – Cultural - Srini

7. Key Challenge & Decision
Brand Building
1) No “shares” & “like” on Facebook

8. Action to be Accomplished :

9. Next meeting time & location :
 Date : 13 April 2013 ( Saturday )
Time: London, UK 3.30pm
California, USA: 7.30am
Malaysia: 11.30pm

Conference Call Information : Skype id :BeautyArbitrage
Skype Group : Arbirage