⛸️
Open Core Ventures Handbook/⛸️Office Hours

Office Hours

Office hours are weekly meetings you will have with OCV partners. The goal of these meetings is to help you with your most pressing concerns and blockers. Meetings are typically 25 minutes and time-constrained to help you focus on the most important topics. You will have one 25-minute meeting per week rotating between Individual Office Hours and Group Office Hours.

Individual Office Hours

Individual office hours are meetings you have with OCV partners. This is your meeting and you are responsible for making sure they are productive. Prepare your agenda ahead of time and take notes during the meeting. OCV’s Group Partner will work with the founders to schedule individual office hours. You can request additional ad hoc office hours as needed.

Meeting format

There is no set agenda for Individual Office Hours. You can prepare your agenda in any way that works for you. Include the current meeting date and a few bulleted topics to cover at a minimum.

Preparing for your first individual office hour

At your first individual office hour OCV partners make introductions and will briefly cover format and cadence of individual office hours. Expect to spend the majority of the call covering business-related items. Founders should be prepared to discuss:
  1. Founder background (consider practicing your introduction ahead of the call)
  1. Project background (who own’s the repo, telemetry, existing users)
  1. Growth story (what’s the north star goal that will drive the fundraising story in 12-18 months)
  1. Two-week goal (typically a growth metric, often “get first user”)
  1. Two-sentence description
By your second individual office hour, be prepared to discuss
  1. Website and company “launch” status (pricing page, signup funnel/UX, top-of-funnel metric)
  1. Product roadmap (often “MVP commercial version” and adding telemetry)
  1. Hiring and CEO sourcing strategy
To make the most of your time with OCV partners, review administrative information (see
1️⃣
First Week
and onboarding materials) prior to your first individual office hour. Share administrative questions in your designated company channel.

Group Office Hours

Group Office Hours are meetings you have with OCV partners and other OCV company founders. The objective of Group Office Hours is to learn how to set appropriate goals at your current stage and to develop good hygiene around communicating goals and measuring results. The meeting will include 3-4 companies at a time to encourage peer learning. Group pairings are loosely based on the company’s stage of development and/or industry focus. Additional topics can be discussed during Individual Office Hours.
Group Office Hours are automatically scheduled by OCV. Company CTO and CEOs are invited to join; please refrain from adding additional team members to the group bi-weekly call.
Read
🎯
Goal Setting
ahead of your first office hours meetings to best prepare for setting your first goals.

Meeting format

Each meeting will follow the same meeting format. Companies will be asked:
  1. Wins
  1. Share the 2 sentence description of your company
  1. What did you accomplish last week (in terms of your previous two-week goals)
  1. What did you learn, or what were your biggest blockers
  1. What are your goals for the next two weeks
  1. Hiring plan and/or your team outlook
Goal setting and progress are captured in the Group Office Hours Goals spreadsheet. At the start of each meeting, founders will be asked if they achieved (green) or missed (red) the previous 2-week goal. It’s important for founders to evaluate their goals within the binary of achieved or missed and avoid classifying progress as “yellow.” If it’s unclear whether the goal was achieved or not, you may need to define the goal better. Nuances can be covered during the office hours discussion.
See the Meeting & Communication page for guidelines on meeting etiquette and scheduling.

Two-sentence company description

Building the habit of being able to effectively and succinctly describe your company will benefit you for the entirety of your tenure as a founder. Even CEOs of well-known public companies typically lead with some version of a two-sentence description when introducing their themselves.
The goal of the two-sentence company description is to make if very clear what your company does and to establish credibility. Your description should give people just enough to be interested in learning more. The audience for the two-sentence description is investors and the general public, not potential users or customers. Mention the open source project you’re building around if it’s well known and an important part of your growth story and/or you are the creator or the company is the lead maintainer.
Write down the two-sentence company description that you will recite at every Group Office Hour. The description field on your company dashboard is the single-source-of-truth for your most up-to-date company description.

Post-Seed Stage Companies

Companies that have successfully fundraised graduate out of the bi-weekly office hours cycle.
Post-Seed Stage companies are invited to join Monthly Group Office Hours with OCV’s General Partners and other Post-Seed stage companies. Monthly Group Office Hours are schedule through the General Partner’s office and any change requests to time, meeting format or agendas should be made through the General Partner’s team.

Meeting format

Monthly Group Office Hour discussions are focused on growth. Each meeting will follow the same format: company updates followed by open discussion/Q&A. We ask that founders add company goals and achievements to their Group Office Hours Goals spreadsheet and open discussion items to the agenda before the start of the call. Post-seed stage companies are still welcome to book office hours ad-hoc, as needed.

Company updates (goals and achievements)

Founders will be asked to share a company update.
  1. The company’s two sentence description
  1. High-level plan/goal for the year (e.g. $5M ARR)
  1. Goals for last month, and whether they were achieved. What was the biggest challenge (if you missed) or what worked (if you hit).
  1. Goal for next month, and the primary bet/investment your placing to achieve it.

Open discussion and Q&A

Founders are encouraged to share
  • Big wins that weren’t already covered
  • Any material changes to strategy, burn, etc.
  • Any concerns about runway, updates on fundraising, etc.
  • Learnings or insights that can benefit other founders in the group
  • Any questions or FYIs for investors
  • Challenges that this group can help unpack
Additionally, OCV may also add investor questions to the agenda.
📁
Template Agenda Format
  1. Date of the meeting
  1. Company Updates
  1. Open discussion items / FYI updates
  1. Questions from company to investor
  1. Questions from investor to company
 
Calendar invites for Post-Seed Stage Companies should include:
  • Each company’s own agenda doc listed in the same order as the meeting invite title
Presentation order during the live meeting follows the meeting invite title / agenda list.