DOES ANYONE HAVE EXPERIENCE WITH ADVISORY BOARDS?
joining an advisory board of a fintech company (post revenue).
Any benchmarks on compensation? What is the amount of stock options usually awarded?
What are the terms? (duration, engagement model)
Thank you in advance
Also, one other thing, having "grown" through a few startups and whatnot, and that is to say the advisors you need now are not the advisors you will need down the road. Set some boundaries and times for re-evaluation (even termination) of the relationship.
In the startup space I have heard of entrepreneurs not allowing advisors on the board unless they are putting up cash towards the startup. Otherwise there are plenty of people willing to get on your board of advisors that will only contribute time and knowledge and not capital. Some version of that thought process could serve you will in the EtA space as well. My $0.02. Hope this helps in some small way.
For people irritated by my post I apologize. I thought this forum was for professional to share experience and help each other. Peace.