The Fortnightly Business Report

Posted on July 23, 2017

Description:

Before leaving Portland I met with some of the larger shareholders to talk about moving to Los Angeles and the recent frustrations around votes and accountability. Some shareholders have suggested a board of directors while others don’t think a board fits the publicly traded person model. Some want smaller questions and others want questions of more importance. Everyone wants more accountability, with some suggesting more formal reporting and some like the the idea of a regular vlog.

Shareholder Steve Schroeder also brought up the idea of regular updates and suggested an idea to combine the accountability of a “board” in the form of a shareholder representative with the immediacy of a vlog in the form of a webinar-like presentation. We talked about some of the details and have decided to put it to a vote:

Proposal: The Fortnightly Business Report. The Fortnightly Business Report (TFBR) will document the progress, process, and new opportunities of KmikeyM every two weeks. Hosted and produced by Steve Schroeder it will create accountability and regular updates on all things KmikeyM. Think of it like the CNBC of KmikeyM. This proposal is for ten episodes (two a month, lasting until the end of 2017) as a “first season” of The Fortnightly Business Report.

The Fortnightly Business Report will cover changes in vital stats like stock price, market cap, personal health and finances, and some intangibles like what books, TV, and films are being consumed. A major focus on the progress (or lack of progress) on various shareholder proposals and current projects, any press or media opportunities, and also provide a mechanism for shareholder interaction.

Steve was the tenth person to create an account on KmikeyM, has maintained his position as a major shareholder for almost 10 years, and was the shareholder activist who demanded control of my personal life and not just projects. We co-hosted a podacst together, built a blog publishing site, and he has always pushed me and held me accountable.


No - 1

UserShares
shadiepresents.com 1

Past Discussion

beau 💯 (140 shares, voted yes)
TBFR sounds like a great idea to increase transparency and two weeks seems like a good cadence. Looking forward to episode one. ?
beau 💯 (140 shares, voted yes)
Also, a bug report: I can't use emoji in discussion comments!
Mike Merrill
Thanks beau, we'll look into the emoji issue!
weston (80 shares, voted yes)
I am for this, but worry that producing a video (even if it is vlog style) is a high bar to maintain. I would happily settle for a google doc or email sent out at that cadence with some pertinent information.
aaronpk 💯☕️ (1513 shares, voted yes)
Is Steve volunteering to do the production work for the video? Or is that something KmikeyM will be spending additional time on? I also worry that every 2 weeks is a high bar for producing video, but I think a 1-season trial run is a good way to start.
aaronpk 💯☕️ (1513 shares, voted yes)
🤔
Mike Merrill
We'll produce it pretty "live" w/o much editing after the fact. We talked about using some webinar style software so people could join in but it would be mostly a "broadcast" of information. Steve has agreed to take on the role of producer, as he did for our podcast.
Claire L. Evans (61 shares, voted yes)
I second the idea of a webinar! What if we could "sit in" on this accountability report live? Those who miss it could watch the recap video.
A J Cole (2 shares, voted yes)
I vote yes. I would like to see a duration attached to this proposal: i.e. "we promise to provide these updates every two weeks for the next two years, whereupon we will review its effectiveness". Otherwise proposals like these are prone to the fizzle out effect, which is more harmful than helpful.
Mike Merrill
A J Cole: This proposal is for "season 1" which will run for 10 episodes!
Steve Schroeder 💯☕️ (211 shares)
The goal is to keep production at a minimum. It will basically be a Skype call recorded with minimal additional production. We will also be asking for questions from shareholders that I will pose to Mike.
curtiszimmerman (49 shares, voted yes)
Since nobody's suggested it: I'd like to see the recordings put up on Youtube. If the vids are there, it's possible (however remotely) that we could attract an audience for these biweekly/fortnightly (which is it?) reports, and generate some more value for shareholders.
spencerian (3 shares, voted yes)
I appreciate the effort with this proposal. I think the thing that would make this more robust would be a second *elected* shareholder representative who wants to contribute to the reporting, but I think this is a good start.
E*Rock ☕️ (2 shares, voted yes)
Webinar is a good idea. I feel like once a month would be plenty though.
xakxrusx (32 shares, voted yes)
I wonder if anyone will vote no on this haha
Curt ☕️💼 (82 shares, voted yes)
I like that this project has a defined schedule and conclusion. 👍
shadiepresents.com (1 shares, voted no)
Every two weeks seems like a LOT.
StrungSafe (2 shares, voted yes)
Not really clear if this will already be included but, I hope you also include what you will be working on in the following two weeks in the report