Sample Board Meeting Dashboards for Early-stage Companies
Dashboards are essential tools for summarizing key metrics at board meetings for early-stage technology and life science companies. These dashboards help focus management teams and boards on crucial business issues. Customize the dashboard templates provided to address specific risks and drive business strategies efficiently.
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Presentation Transcript
Sample Board Meeting Dashboards Dashboards are a great tool for boards to use to summarize in one condensed view the many metrics that are part of running a business. A good dashboard helps your management team and corporate board come together and focus on the most important issues in operating your business. The following dashboards are designed to be used at board meetings by early stage technology and life science companies in the first several years of their operations. We give a number of examples of key metrics to track and present at a board meeting. In addition, we provide several different layouts to the dashboard. We suggest start with a template that best fits your board s recommendations and allows you to address important risks to your business in a clear, concise way. From there, you should customize the dashboard to fit your needs By no means is this a comprehensive set of dashboards that cover all of the key risks and issues for your business. You will need to determine the key elements that drive your business, and therefore, deserve discussion at a board meeting. When you mark an item Red or Yellow, those items will tend to generate conversation during the board meeting. Remember, don t over focus on these items if you have more critical strategic issues to address. You will have to be succinct to protect time for the important issues. There s not a lot of room for lots of words in each of the dashboard sections. Keep it short and to the point!
Tech Company Board Dashboard - (Date) Item Rating Status Comments Cash on Hand - $XX Monthly Burn - $YY Expected Net Cash Out (Date) Note one time recent/ upcoming income or expense items Note Assumed investment level Cash New bookings of $XX in Quarter Annual Rev Run Rate at $YY Y/Y Revenue growth rate of Z% Describe sales challenges (e.g. competition, long sales cycle, etc.) List key customer wins & losses Sales / Revenue List key metrics that drive your sales pipeline (e.g. Customer Acquisition Costs, etc.) Key & upcoming programs that will drive future growth / visibility of company Marketing Describe where the product team is focused List any major product release or general milestones Describe any challenges such as product performance, customer complaints, scalability, etc. Product / R&D Based on expected cash out date, describe plans for Series XX financing or other approaches (e.g. bank debt) for raising capital List one or two key milestones needed to achieve before getting funds Fund Raising XX FT Employees (up / down xx) YY Contractors (up / down yy) ZZ Interns (up / down zz) List out key open positions List any hiring challenges Name any key new hires Team / Hiring This section covers general topics such as moving to new offices, legal issues, etc. Describe how management is handling these issues Operations
Tech Company Board Dashboard - (Date) Item Present Status 3-6 Month Target 12 Month Target Comments Cash on Hand - $XX Monthly Burn - $YY Expected Cash Out (Date) Expected Cash on Hand Expected Monthly Burn Plan for longer term financing of company List one time recent/ upcoming income or expense items Cash Describe where the product team is focused List any major near term product release milestones List longer term product plans Strategic decisions to be made Describe any challenges such as product performance, customer complaints, scalability, etc. Product / R&D New bookings of $XX Annual Rev Run Rate at $YY Y/Y Revenue growth of Z% List next two quarters budgeted sales plan and compare to sales forecast Target Annual Revenue Runrate and Growth Rate in one year Describe sales challenges (e.g. competition, long sales cycle, etc.) List key customer wins Sales / Revenue List key metrics that drive your sales pipeline (e.g. Customer Acquisition Costs) List programs that will be active over the next two quarters Describe what you are doing to improve key marketing metrics List upcoming programs that will drive future growth / visibility of company Marketing XX FT Employees (+/- xx) YY Contractors (+/- yy) ZZ Interns (+/- zz) AA New Hires What are the planned hires over next two quarters Total headcount of the company one year from now List out key open positions List any hiring challenges Team / Hiring
Life Science Company Board Dashboard - (Date) Item Status Comments Rating Cash on Hand - $XX Monthly Burn - $YY Expected Cash Out (Date) List one time recent/ upcoming income or expense items Cash Update on product development schedule Status on the patent portfolio Describe any technical issues that are causing delay R&D / IP Where do things stand with the design and manufacturing of the product Cover any issues around cost, timing, etc. Cover any issues with key supply contractors Design / Mfg Status on FDA submissions and any responses from the agency Update on Clinical Trial enrollment or results from Clinical Trials Describe any challenges that might delay the FDA submission process, clinical trials and/or FDA approval Regulatory / Clinical Trials Based on expected cash out date, describe plans for Series XX financing or other approaches (e.g. strategic partnership) for raising capital List one or two key milestones needed to achieve before getting funds Key financing partners Fund Raising XX FT Employees (up / down xx) YY Contractors (up / down yy) ZZ Interns (up / down zz) List out key open positions List any hiring challenges Name any key new hires Team / Hiring
