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Ask HN: How can a startup create its own board of advisors?
I know big companies pay an annual fee to their board of advisors. And they also vest stock options.
But how can a startup that can't afford to pay anyone create a board of advisors? Any tips?
If you had to approach someone and ask them to join your startup's board of advisors - what would you tell them to persuade them to join?
- grellas 17y agoThis thread (with my two cents thrown in about "window dressing" advisory boards versus others) addresses some of the compensation issues in a helpful way: http://news.ycombinator.com/item?id=876691 http://news.ycombinator.com/item?id=876691 In general, the public company model does not fit early-stage startups and all compensation at the early stage comes in the form of very small equity pieces, typically tied to annual service (in VC-funded companies there is often a small stipend for attending meetings as well).
- medianama 17y agoAsk them to invest in your company