All, Below is Marten's IRC summary of the recent MySQL AB Board Meeting that he attended.
14:04:00 <marten> Kaj asked about the board meeting, so here we go with a fresh report 14:04:12 * Kaj listens eagerly 14:04:13 <marten> SUMMARY: Board meeting went fine 14:04:52 <marten> BUDGET: Board will make a final decision in appr 3 weeks, and until then we continue on scenario LOW 14:05:17 <marten> Board was very happy with recent press publicity and with sales 14:05:28 <Kaj> good! 14:05:32 <marten> I demoed "Olof's system", i.e. the sales database online 14:05:55 <Kaj> a LAMP application 14:05:59 <marten> We spoke about last year and what we learned from it. 14:06:11 <marten> And we spoke about goal setting for this year, next year, and the coming ten years. 14:06:44 <marten> I said we (=the company) can build MySQL AB to be a company with one hundred million in annual sales 14:07:05 <Kaj> within this century :) 14:07:10 <marten> But first we have to reach ten million. 14:07:19 <marten> (yes, definitely within this century) 14:07:28 <Kaj> the first ten million are the hardest! 14:07:46 <marten> To reach ten million, we just have to work hard and avoid making stuping mistakes 14:08:05 <marten> To go from ten up to something higher, we ALSO need a very well thought-out strategy 14:08:16 <Kaj> so no stuping mistakes, then :) 14:08:39 <Kaj> will the board have valuable input for the strategy? 14:08:48 <marten> eksaktly, and no spelllling errirs 14:08:53 --> venu_ ([EMAIL PROTECTED]) has joined #mysql 14:09:01 <marten> hi venu 14:09:12 <venu_> marten, hi 14:09:38 <marten> venu: I am halfway through informing of today's board meeting 14:09:50 <Kaj> Well, thanks for the overview! It seems you're a happy ceo with the board meeting -- oh there's more to come! 14:10:16 <marten> (Summary again, for Venu: board meeting went well, they are happy with what we do, they will make budget decision in 3 weeks or so) 14:10:43 <venu_> thanks for updating me 14:10:57 * mwagner can mail the IRC logs to discuss@ or something 14:10:59 <marten> Let me see what else we discussed 14:11:01 <venu_> thats really good to know 14:11:18 <marten> The board also discussed our budget proposal. 14:11:30 <marten> We (= the management) have proposed the budget in three scenarios. 14:12:04 <marten> "LOW" means that we survive without further investment and build the company slowly but steadily towards profitabilty that is to be reached within 6-9 months. 14:12:32 <marten> "MEDIUM" is a scenario where we INVEST in building up a direct sales force and some proactive marketing 14:13:00 <marten> "HIGH" is a scenario that we can do if we get significant additional funding and can speed up all our processes: development, sales, marketing 14:14:01 <marten> In conclusion, the board likes the idea of three scenarios and the fact that all of them are designed to take us into profitability before the year ends. 14:14:12 <marten> That's it - questions! 14:14:25 <Kaj> Who attended? 14:15:05 <marten> The entire board: John Wattin (Chair), Morten Austestad, Terje Laugerud, Fredrik Oweson, Eric Cronstedt, David Axmark plus officers Hans and MGM. 14:15:49 <Kaj> For how long did you meet today? 14:16:00 <marten> 10am to 1pm 14:16:52 <marten> Matt, I don't remember how to send a msg to you only, but feel free to mail the log to discuss if you find it of interest. 14:17:05 <mwagner> ok 14:17:08 <Kaj> messages /msg marten way to go! 14:17:37 <Kaj> Mårten, back in Finland already? 14:17:55 <marten> Yes, I am back in MySQL Kyrkslätt Offices 14:18:08 <Kaj> Good! 14:18:20 <Kaj> Wirelessly so? 14:18:46 <marten> not wireless now, but will soon seat myself more comfortably with the wireless stuff 14:18:55 <marten> BTW, one more thing from the board meeting 14:19:00 <marten> (or actually not from the board meeting) 14:19:14 <Kaj> make up your mind :) 14:19:35 <marten> If you want to take one business-oriented buzz word (or term) with you now - and one that will guide our business this year, it is... 14:19:45 * Kaj waits in suspension 14:19:52 <marten> MONTH-ON-MONTH TOP-LINE GROWTH 14:20:02 <Kaj> every month bigger than the previous one? 14:20:17 <marten> Yep, first: growth EVERY month 14:20:19 <Kaj> so what about July-on-June, eh? 14:20:38 <marten> Second: growth specifically in SALES (which is on the top line in a profit and loss calculation - hence the term) 14:21:26 <marten> July-on-June we can manage by asking trusted customers to place their orders specifically in July 14:21:34 <Kaj> :) 14:22:12 <marten> Now I need to log off - any other questions? 14:22:32 <mwagner> none here 14:22:46 <Kaj> http://www.polycon.fi/~ksa/foton/ukraina/stora/DCP_5069.JPG 14:23:27 <marten> yep, that's me 14:23:53 <Kaj> worm just said he had never been to Kiev 14:24:00 <Kaj> hence I showed him some pics 14:24:09 <Kaj> worm is going to get his passport to Kiev soon 14:24:20 <Kaj> in order to be able to come to Vemdalen 14:24:33 <mwagner> maybe i should make a little animated cartoon of Marten's board summary being . o O (Spoken from Marten's mouth in that picture.) 14:24:38 <Worm> Kaj: yeah, i too young :)) but i was in Sank Peterburg :) 14:24:43 <mwagner> :) 14:24:46 <Kaj> that's why I happened to have the picture! :) -- For technical support contracts, visit https://order.mysql.com/ __ ___ ___ ____ __ / |/ /_ __/ __/ __ \/ / Mr. Matt Wagner <[EMAIL PROTECTED]> / /|_/ / // /\ \/ /_/ / /__ MySQL AB, Herr Direktor /_/ /_/\_, /___/\___\_\___/ Hopkins, Minnesota USA <___/ www.mysql.com --------------------------------------------------------------------- Before posting, please check: http://www.mysql.com/manual.php (the manual) http://lists.mysql.com/ (the list archive) To request this thread, e-mail <[EMAIL PROTECTED]> To unsubscribe, e-mail <[EMAIL PROTECTED]> Trouble unsubscribing? 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