Thanks for posting this Matt. I found this list extremely helpful when I was hiring my Executive Assistant! I'm sure I'll be sending a lot of people this link.
I'm not sure I agree with that point, Bill. I'm the found of one seed stage fund (Capital Factory) and I've met many of the founders of others. Every one that I have met fits the "operator with a previous successful exit" profile that Dave describes and is doing it because they love it and not because they can't raise a larger fund.
I enjoyed the entire post and left another comment below.
I really enjoyed reading the original post as well as the comments. It's very consistent with my experiences raising capital for OtherInbox over the past 2 years... we're right in that "few million dollar consumer internet" spot and we ended up going with large angel investors rather than traditional venture capital so far.
I'm at a much earlier stage with OtherInbox but this type of board meeting is working great for me too. We have a small board and we talk regularly. They get frequent email updates with stats about the business so when we talk interactively we're able to focus a lot more on the future than on the past. I've never made a powerpoint for the board yet!