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“That’s insane,” I said to “Kevin”, a CEO I am working with. “Your investors want you to have weekly meetings with them. Good luck with that.”
“That’s too much?” Kevin said to me. “But the weekly meetings will just be updates, and there will be monthly board meetings.”
I sighed.
Kevin laughed and said, “Too many meetings, I take it?”
“Yep,” I said. “I’m worried you’re going to spend way too much time preparing for your meetings with your investors instead of running the company. It would be great if they would back off.”
“What do you think the right amount of interaction is my investors?”
You need to have regular board meetings, but just not too often.
“I would see if you can scale this (your board meetings) back to six weeks. Ideally, I’d love to see this be once per quarter, but that’s a stretch,” I said.
“Will every six weeks instead of four weeks make a big difference?”
“Hell yes,” I said. Here’s the problem with meeting with your investors too often. It would take me about one week to properly prepare for my board meetings.
