what do you need to pay for the board of advisors in a startup?


4

what do you need to pay for the board of advisors in a startup? Do the advisors generally ask for equity share ? if so, what would be the average percentage we need to give?

Advisors

asked Apr 16 '11 at 06:06
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Sakthy
45 points

2 Answers


5

I guess there's not a "true" answer to this question, it mainly dependes what's the stage of your startup (pre-seed, seed-funded, VC-funded).

In general, advisors get something between 0.1% - 1% of the company, vested monthly over 2 years.

The important thing here is that advisors must bring something to the table. Make that clear before engaging them, writing down what you need: a few hours per month of their time (f.i. with technical advisors or "coaches"), or introduction with X potential customers per year, or introduction with 2-3 key investors. Advisors need to be accountable, and need to deliver, as any other person in the startup.

Also, have a look at VentureHacks articles on this topic here and here

answered Apr 16 '11 at 17:36
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Filippo Diotalevi
2,573 points
  • Thanks for the insight. – Sakthy 8 years ago

1

Options- the post prior to mine (below) is correct, and the 0.1-1% number is good.

answered Apr 16 '11 at 20:54
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User6492
1,747 points

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