Audit Existing Governance Assets and Templates
The founder gathers all current company records, informal meeting notes, advisor agreements, and existing governance templates. They review current practice against baseline seed-stage governance requirements to establish a clear starting point.
Completing this action establishes a baseline inventory of the venture's current governance maturity. It prevents redundant effort by anchoring the asset in existing materials while aligning the structure with standard venture-building frameworks.
A catalogued set of existing governance documents, notes, and template selections assembled in the working environment. The founder must produce a clear gap assessment between current informal practices and the required standard.
Five questions an expert would ask when reviewing your output
Use these to challenge assumptions, pressure-test your logic, and check the quality of this action's output in the context of the parent task and wider venture development.
- 1
What specific gap exists between your current informal updates and a formal board reporting rhythm?
- 2
Why have you chosen this particular governance template over a light-touch advisory board framework?
- 3
How do your current advisor agreements align with the intellectual property assignment requirements in the template?
- 4
What legacy decisions have been made verbally that currently lack a documented audit trail?
- 5
How does this starting framework reflect the specific voting rights outlined in your cap table?