venturehacks.com

DECEMBER 9, 2012

Some entrepreneurs set up quarterly advisory board meetings and that probably works well for them. But we find savvy entrepreneurs tend to be transactional—they ping their advisors as needed and skip the advisory board meetings. Including advice from successful entrepreneurs. The Option Pool Shuffle.

Advisory Board 50

Advisory Board Cap Table RSS Cofounder 50

thestartuplawyer.com

FEBRUARY 24, 2010

Entrepreneurs often believe their startup company faces legal threats from only external sources. Even so, I believe the negative experience can end up producing a better entrepreneur if he or she applies lessons learned to current and future startups. He obviously never launched a startup and got shafted by a co-founder.

Cofounder 40

Cofounder Founder Preferred Stock Startup 40

thinkspace.com

SEPTEMBER 7, 2012

Equity for Board of Directors and Advisory Board. Typically for an Advisory Board it ranges from 1/10th of percent to 1/2% and for Board of Directors from 1/2% to 2%. Percent of the outstanding option pool: meaningless. Strike price of options: meaningless. Responsibilities 6 0 0 6 36.

Equity 62

Equity Employee Founder CTO Hire 62

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. Many advisors want options they can exercise immediately —that’s fine.

Advisory Board 44

Advisory Board Cap Table Vesting Equity 44