4 ms·
Go for mentors / advisor rather than board as others have said you only really need that for A or in preparing for A round. For mentors / advisors you can give
by monkeydust 5y ago
Go for mentors / advisor rather than board as others have said you only really need that for A or in preparing for A round.
For mentors / advisors you can give some uplift in their equity beyond what they will get for their investment (honestly they should invest something to have some skin in the game).
An exception might be if they are rainmakers in the industry your operating in and you need them to open doors, in which case link payment to success, I wouldn't give anything upfront. If they believe in you and your business they should take the deal.