BOARD / ADVISORY COMPENSATION STRUCTURE

Hey Searchfunders,
I'd love to get experience shares from people who have either been board members / advisors or from searchers post-acquisition who worked with advisors. I'm trying to figure out what "market" compensation looks like.

Any specific experience sharing is great but specifically looking for the following situation:
* Self-funded searcher looking to engage an industry veteran pre-acquisition who would stay engaged as an advisor post-acquisition as well -- possibly for the entire length of the ownership hold
* Some amount of "get hands dirty" in the business -- figure 1-2 hours/week, not just sign-off board meetings once a quarter
* Advisor would likely invest capital into the deal

Thanks -- any help appreciated, with the more specifics the better!

John



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