Big News: FounderDating is joining OneVest to build the largest community for entrepreneurs. Details here
Latest Notifications
You have no recent recommendations.
Name
Title
 
MiniBio
FOLLOW
Title
 Followers
FOLLOW TOPIC

Question goes here

1,300 Followers

  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur

What is a good model for an advisory board agreements?

We have a great advisory board (5 people), some of them participate more regularly than others. Should I base theirequity (over a number of years) based on their level of participation, the value of what they say, introduction they make, etc? Any one have a good model for this and a sample advisory board agreement that has worked well for them?

19 Replies

Victoria Cabrera
2
0
Victoria Cabrera Entrepreneur
Marketing Coordinator at Patxi's Pizza
There are several discussions that you might want to refer to that can be of help such as :http://members.founderdating.com/discuss/452/Advisory-or-Consulting-Agreements-Equityorhttp://members.founderdating.com/discuss/2011/What-is-reasonable-equity-and-dilution-for-an-advisory-board-member
Also, FD has our very own advisory board agreement templatethat can be helpful as well. Remember to always do a quick search before posting to save yourself some time!
Rob Gropper
0
0
Rob Gropper Entrepreneur
Director at PetHero, SPC - Member at Eastside Incubator - Principal at Tuxedo Technologies Group
have you checked SteveBlank.com? i'd start there. also there are a few existing threads on this very topic on FD already....

Jerry Hall
1
0
Jerry Hall Entrepreneur
CEO at PourSafe
I'll be using what's called the F.A.S.T. agreement tailored by Y Combinator. Here's a link: https://www.ycombinator.com/documents/ Jerry *Jerry Hall * CivicArchive Jerry@CivicArchive.com [removed to protect privacy] cell LinkedIn
David Coleman
0
0
David Coleman Entrepreneur • Advisor
Collaborative Strategies Inc., Founder and Managing Director
Victoria,

Thanks, I am new at this and should have done a search first, in that I am sure someone else asked a similar question. Thanks for the links!
David Coleman
0
0
David Coleman Entrepreneur • Advisor
Collaborative Strategies Inc., Founder and Managing Director
Victoria,

Thanks, I am new at this and should have done a search first, in that I am sure someone else asked a similar question. Thanks for the links!
Van Dang
0
0
Van Dang Entrepreneur
Entrepreneur, Investor, Legal Advisor, and Diversity Advocate
Check out https://badassadvisors.com/
Wade Eyerly
0
0
Wade Eyerly Entrepreneur
CEO, co-founder at Beacon
.25% early on. Vesting over 4 years with a 1 year cliff. .1% later. Same other terms. 4 years with a cliff at 1. This is very standard and this isn't the place to be innovative. Sent from my iPhone
David Coleman
0
0
David Coleman Entrepreneur • Advisor
Collaborative Strategies Inc., Founder and Managing Director
Chris, did not see your # but glad to call after 2:00. Sent you a LinkedIN request to connect, and maybe you can get me your # that way?

Van, thanks for the Badass Advisor link, looks interesting.

Wade, thanks for the formula. What does a 1 year cliff mean?

Jerry, I looked at your site, and the document, not sure it is what I need right now.


Ben Larson
0
0
Ben Larson Advisor
Co-Founder & Managing Partner at Gateway Incubator
I (among many others) have used this one:https://fi.co/contents/fast

Prepared between Founder Institute and WSGR.
Andrew Lockley
0
0
Andrew Lockley Advisor
Investor and strategy consultant
A rule of thumb I use is that the advisory board should (together) have half the equity of the lowest-vested co-founder. This assumes they join on day 1. Personally, I prefer using ordinary stock with no vesting. If you use vesting, it has to be hugely front loaded, as almost all the risk is borne in the first few months of work. A
Join FounderDating to participate in the discussion
Nothing gets posted to LinkedIn and your information will not be shared.

Just a few more details please.

DO: Start a discussion, share a resource, or ask a question related to entrepreneurship.
DON'T: Post about prohibited topics such as recruiting, cofounder wanted, check out my product
or feedback on the FD site (you can send this to us directly info@founderdating.com).
See the Community Code of Conduct for more details.

Title

Give your question or discussion topic a great title, make it catchy and succinct.

Details

Make sure what you're about to say is specific and relevant - you'll get better responses.

Topics

Tag your discussion so you get more relevant responses.

Question goes here

1,300 Followers

  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
Know someone who should answer this question? Enter their email below
Stay current and follow these discussion topics?