EQUITY IN EXCHANGE FOR BOARD MEMBERSHIP?

I came across an article a few weeks ago suggesting issuing "free" equity to experts/leaders in your target industry in exchange for board membership[redacted]hours per month). The goal was to create a well rounded board to advise on finding, vetting, funding and closing deals. Each board member was awarded 2-3% equity in exchange for their time.

What are your thoughts on this model?



share: