We're planning to bring on a board member who will play a critical role in industry advisory and deal evaluation. Effectively, a river guide. What type of equity compensation is standard?
Also, if anyone happens to have a legal agreement they wouldn't mind sharing, it would be much appreciated!
Update: Found a document from Stanford's search fund starter kit (exhibit 14). It's for an advisory fee, and not equity. But happy to email it to you send a direct message or email me at --@----.com Otherwise, you can fill out a form on the Stanford GSB website and it will be emailed to you. https://www.gsb.stanford.edu/experience/about/centers-institutes/ces/research/search-funds/primer