Monthly Updates & Board Meetings

We suggest to implement the following recurring meetings in your schedule:

1. Board Calls

  • Timing: Monthly
  • Duration 45 minutes to 1 hour
  • Purpose: Company update on the events that happened last month
  • Materials: Text update /monthly reporting/ send 2 days in advance.

Board calls are different from board meetings in the sense that they serve as a voice over of the monthly reporting rather than a lengthy discussion.

Ideally, the text update should be shared 2 days before the Board Call. The format of the text update is usually email format that includes:

KPI's overview, reality v/s budget, key developments during the month (sales, product, people, etc.), wins, struggles, asks.

Please share links to any current job openings and LinkedIn profiles of recent hires from the past month.

2. Board Meetings

Here is an example of KPIs for B2B SaaS company:

Feel free to use it if applicable. Creating a dashboard that tracks these KPIs can take time, but it's a worthwhile investment. It is going to evolve over time but it is one of the key ingredients for a successful next round fundraising. 

General Tips & Tricks