<aside> ⚠️ OCV’s coverage areas will evolve based on business needs and staffing capacity. This outline is subject to frequent updates.

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OCV’s initial $2M funding typically provides around 18 months of runway. Companies should aim to raise a Seed round from new investors with at least 6 months of runway left, and it usually takes 6-8 weeks to close a round from the time you start fundraising.

Generally, milestones associated with the commercialization of the business are by phase: Pre-CEO and Post-CEO. Before a CEO is appointed, OCV generally helps founders drive on commercialization strategy towards the following associated milestones, all of which will be iterated upon heavily.

• Feature Set
• Development Roadmap
• Pricing Page
• Initial Acquisition of Customers

Once a CEO is appointed, they will take responsibility for driving an evolving commercialization strategy, grow customers, and establish product-market fit. OCV will support and help navigate pivots.

Pre-CEO

1. Manage a process around HR functions and work with external HR teams to:
   1. Administer payroll & benefits
   2. Support hiring activities, for example:
      1. Source / negotiate fees with external recruiters
      2. Provide templates for offer letters
      3. Provide data / advice on compensation data and structure
   3. Provide recommendations on HR / People related topics for Company Handbook
3. Manage federal & state / local filings with external vendors
4. Manage bank account connections, vendor payments with external finance team
5. Coordinate legal needs with external counsel
6. Provide guidance on finance / expense policies
7. Manage monthly finance review process & annual tax reporting needs
8. Coordinate board approval processes
9. Advise on company building, metrics setting, and KPI reviews on biweekly calls
   1. See Office Hours