Ron, good questions. I am sure there are no statistics to respond with. But I for one make it a priority with every board of mine to perform a strategic planning exercise, usually offsite, at least every other year. I use the format I’ve noted in this blog. Some call the tactics “KPI’s – key performance indicators”, and other use methods that accomplish the same end with different tools. The take-away is that all angel or VC board members should push for planning and buy-in by the board and at least the senior members of the management team through the director level, of not all the way to the receptionist…

As ususal, great insights on business. And, from and Angel perspective, very good guidelines on what is needed in a venture to create significant shareholder wealth.

Out of curiosity, what % of CEOs in established business do you think utilize the methodologies you describe ?

Further, what % of Founders in young companies do you think have or are developing their skills to manage the business along these guidelines ?

And finally, what % of early stage investors do you think add value by establishing this structured, disciplined approach to decision making in companies where they have an interest ?

Regards,

CAIL

Ron Thompson