Question
We know how useful advisory board members can be when you plan on expanding your business, what are some of the ways you can compensate such experienced individuals.
I am looking for common ways and contract/deals done between the company and the advisory board members.
Answer
I have always used the guidance provided by the Founder Institute. They "open sourced" thier advisor agreement. Don't forget to read the addendum for explanations on % depending on involvement and company stage.
Check it out http://fi.co/contents/206
