This link has been bookmarked by 11 people . It was first bookmarked on 04 Aug 2006, by Russell Manley.
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25 Dec 05
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16 Dec 05
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02 May 05
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Several people have recently asked me variants on the question 01CHow should I compensate a board member in my young private company?01D I019ve experienced this question from all sides, having been the entrepreneur with an early stage company, a board member of an early stage company, and an investor / VC in companies that had board members at early stages, so hopefully my answer is balanced and a function of the law of large numbers (I probably have over 100 direct data points at this point in my life). In general, I have a set of simple rules for board member compensation: * 0.25% to 1.00% vesting annually over four years * Single trigger acceleration on change of control * Clear understanding as to how the vesting will work if the board member leaves the board * No direct cash compensation * Reimbursements for reasonable expenses * Opportunity to invest in the most recent financing Following is a detailed explanation of each item.
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http://www.salary.com/advice/layouthtmls/advl_display_nocat_Ser56_Par123.html
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05 Apr 05
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