Equity for Board Member/Advisor/River Guide

This is not a simple question and there are many relevant factors. First and foremost is an honest appraisal of the actual role, responsibilities and time commitment required from the team member, whether board member or advisor. This is directly related to the skillset and experience that the searcher brings to the endeavor, and what the rest of the team looks like. Carefully consider whether you need a relatively low level of strategic advice, or someone to lead/manage transaction execution, or active due diligence support, or a 24/7/365 business advisor and mentor? Will there be fixed or guaranteed cash compensation, whether transaction bonuses, board retainers, or meeting fees? As ^Searchfunder member‌ suggested, I often see board and advisor engagements in the 1-3% range, but equity is (or can be) only a piece of total compensation package. I have also seen board members receive as high as 19% equity (as a percentage of the founding team). Lastly, I have seen advisory board members receive no equity but specific cash compensation including annual retainer, meeting fees, and both hourly fees and success fees when drawn into consulting engagements. Feel free to contact me for any additional information.

equity percentage I would say 1-3% for advisory board members.