Advisory Board Cofounder Common Stock Employee 
venturehacks.com
MARCH 21, 2008
Normal advisors are also assembled by naive entrepreneurs who think the mere presence of an advisory board will create social proof and help them raise money. But investors don’t take these mock advisory boards seriously. Or they bring you a handful of great employees. What are advisory shares?
Gust
DECEMBER 8, 2011
Likewise, founders can benefit from understanding basic characteristics of the overall legal structure, formation and governance documents, rights and responsibilities of team members, etc. Determine who will serve on the Board of Directors and in executive officer positions (usually founders). Offer letters for employees.
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