Whats going comp package for BOD and Advisory Board?

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November 27, 2018

by a searcher from University of California, Berkeley - Haas School of Business in San Francisco, CA, USA

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Reply by a searcher
from University of California, Berkeley in San Francisco, CA, USA
FWIW since many interested parties on this topic, I will share my single data point. I joined an A-round start-up as the first board member aside from founder. My comp is###-###-#### . $1k retainer/month upto 4 hrs work, $1k/board meeting, 1% grant, 1% option. He has a separate non-voting advisory board which I am not a member.
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Reply by a searcher
from Harvard University in Minneapolis, MN, USA
Here's a data point: the former owner of the company I acquired had an advisory board (but no formal board for veteran status reasons). The advisory board members who didn't own equity in the company received $500 per quarterly meeting. The others didn't receive cash compensation.
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