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Ep 166\xa0Frank Meehan, the co-founder of Spark Lab Global Ventures a global early stage ventures capital firm. Listen as Nathan and Frank talk about how to effectively run a board meeting and the numbers of Spark Lab Global Ventures.

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3 Key Points:

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1. Don\u2019t be afraid of managing your board strongly. Get every member up-to-date on what\u2019ll be discussed clearly before a board meeting.
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2. SAAS companies can thrive in Asia, getting up to 30-40X on annual recurring revenue compared to being based in America.
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3. Core strengths of Spark Lab Global Ventures include being well connected and scouting to the U.S. from Asia and vice versa.
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Time Stamped Show Notes:

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• 01:00 \u2013 Nathan\u2019s introduction to today\u2019s show.
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• 01:42 \u2013 Frank joins the show.
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• 01:52 \u2013 Frank left Horizons Ventures because he wanted to be more independent.
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• 02:48 \u2013 Frank was involved in Spotify\u2019s development team.
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• 03:27 \u2013 Countries like Sweden, Israel, and Korea work hard but have to go global because the local market is limited.
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• 04:35 \u2013 When it comes to boards, generally an entrepreneur doesn\u2019t want to start with too many people on them.
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• 05:17 \u2013 Frank gives general advice on managing a board.
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• 06:50 \u2013 Talk to your board members individually before a board meeting and ensure it\u2019s clear what\u2019ll be discussed during the board meeting.
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• 07:03 \u2013 Because of good planning by his partner, Frank\u2019s never been surprised at a Spotify board meeting.
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• 08:40 \u2013 Don\u2019t be afraid to manage your board strongly. But do it before the board meeting.
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• 09:03 \u2013 Spark Labs Global Ventures ran a fund of 30 million in 2014.
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• 09:57 \u2013 A core strength of Spark Lab Global Ventures is scouting to the U.S. from Asia and vice versa.
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• 10:56 \u2013 There\u2019s a lot of investing going into Asia.
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• 11:22 \u2013 SAAS companies transferred to Asia can get up to 30-40X on annual recurring revenue.
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• 12:30 \u2013 Of the 30 million Sparks Labs Global Ventures raised, the company\u2019s deployed about half of it.
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• 13:43 \u2013 One of Frank\u2019s businesses\u2019 main pull is that it\u2019s incredibly well connected \u2013 it can identify hot businesses quickly.
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• 17:02 \u2013 Famous Five
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Resources Mentioned:

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• Growth Geeks \u2013 The way Nathan hires growth hackers on a per project basis for things like info graphics, blog posts, and other growth projects
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• Edgar \u2013 A tool Nathan uses to add pieces of content to a library and automate content distribution on media platforms.
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• Spark Labs Global \u2013 Frank\u2019s business
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• @frank_meehan \u2013 Frank\u2019s Twitter
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• LinkedIn \u2013 Frank\u2019s LinkedIn
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• Mark Zuckerberg \u2013 CEO Frank follows
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• Slack \u2013 Frank\u2019s favorite online tool.
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• Only the Paranoid Survive \u2013 Frank\u2019s favorite business book.
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• frank@smartup.io \u2013 Frank\u2019s email.
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• frank@smartlabsglobal.com \u2013 Frank\u2019s email
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\xa0Famous 5

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• Favorite Book?\u2014 Only the Paranoid Survive by Andrew S. Grove
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• What CEO do you follow?\u2014 Mark Zuckerberg
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• What is your favorite online tool?\u2014 Slack
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• Do you get 8 hours of sleep?\u2014 No
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• If you could let your 20 year old self know one thing, what would it be?\u2014 Be more ruthless.
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