Who Wants a Board Seat?
Nominations are now open!
Hello Shareholders,
In an effort to keep things organized, this email is in three parts:
Nominations are open for Board of Directors seats.
Let’s update the Policy Votes
Insider Info for those that subscribe
Let’s get this going!
-K. Mike Merrill
But First: I want more people to try out the new fractional shares, so I’m going to give away some shares.
Go buy a fraction of a share and on April 18th I’ll randomly select one of the fifty buyers on the Completed Trades list (who bought fractional shares) and give them free shares!
Preface
Changes are afoot! Kathryn and I have been going to therapy and it’s had a big and pretty great impact on our relationship. Professionally I need to make changes (and money), and the two big projects I have been working on will hopefully cause some big changes. And then there are the changes we’re making to KmikeyM.
The Board of Directors is a way to be more open with shareholder representatives and to get advice on non-public matters. While for public matters, the policy votes are a way for shareholders to express their immediate advice on a number of issues.
Part I: A Board of Directors
Who would be a great member of the Board of Directors?
I’m going to appoint two people to the board, one of whom will be Aaron Parecki, who is essentially the CTO of KmikeyM, and someone else. The biggest shareholder will appoint one person, and then the shareholders will elect two members.
And so let’s start with nominations:
The two main functions of the board will be to provide feedback and guidance on:
Private Deals. There are times when I must act privately and can't share decisions publicly. The board of directors produce counsel and advice in navigating private issues.
Long Term Vision. The board of directors will be required to meet quarterly to review and revise long term plans and ideas.
What I’m Hoping For
Ideally I’m looking for a board that understands and shares some my own values and the history of KmikeyM but also represents a diverse range of perspectives. KmikeyM has always challenged conventional thinking and I want the board to challenge me and help me consider points of view I might not even consider.
Ideally they should have some expertise in a “relevant area.” That doesn’t have to be business or stock trading, but I hope they have a point of view, and maybe some ideas for the future.
These first few appointments are key. There is a lot to figure out in how the board will operate, what information they will need, and how much I feel like I can trust them. The first members of the board will set the tone for how this part of my life functions.
Part II: Policy Votes
First, there is a new policy vote: Personal Investment Strategy.
The last few years I haven’t made enough to really think about investment, but with a few irons in the fires this could be a significant financial year for me. With that in mind I’d like to have a policy in place for how I build my portfolio.
And secondly, now is a great time to update my policies on:
Part III: Insider Info
The following is for those on the Insider Info list, which will be granted as a perk to shareholders who purchase a Pro Account (this is what we’ll be building as we finish up Build Week later this month).
While we are still working on the details for how paid support will work and what benefits it will entail, anyone interested can sign up here and we’ll offer you a discount at launch!