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This applies to me personally, but I'll ask out in the open: Are you interested in advising young startups?
by dzlobin 16y ago
This applies to me personally, but I'll ask out in the open: Are you interested in advising young startups?
- joshu 16y agoI don't really do advisory boards. It has different compliance hurdles due to my work situation. Also, in my experience, startups are bad at fairly compensating their advisors. I'd agreed to seven or so advisories in the past and actually gotten paperwork for shares just a single time. One startup actually had me come in twice for advice and then later told me they decided not to have an advisory board.
- dzlobin 16y agoGotcha, thanks. What's a fair equity share for an advisor, btw?
- joshu 16y agoI dunno that one. It's typically not much.
- grellas 16y agoFor a typical advisory board member, usually .1 to .2% of company for a year's service, typically fully vested on grant (e.g., on a 10M share model, 10K or 20K shares/yr). This can vary widely, of course, for special cases, but something along these lines is probably the norm in the Valley. As you note, not much.