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I 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 compensatin
by joshu 17y ago
I 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 17y agoGotcha, thanks. What's a fair equity share for an advisor, btw?
- joshu 17y agoI dunno that one. It's typically not much.
- grellas 17y 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.