Ask HN: How can a startup create its own board of advisors?

7 pointsankeshk2 comments

I know big companies pay an annual fee to their board of advisors. And they also vest stock options.

But how can a startup that can't afford to pay anyone create a board of advisors? Any tips?

If you had to approach someone and ask them to join your startup's board of advisors - what would you tell them to persuade them to join?

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This thread (with my two cents thrown in about "window dressing" advisory boards versus others) addresses some of the compensation issues in a helpful way:

http://news.ycombinator.com/item?id=876691

In general, the public company model does not fit early-stage startups and all compensation at the early stage comes in the form of very small equity pieces, typically tied to annual service (in VC-funded companies there is often a small stipend for attending meetings as well).

Ask them to invest in your company

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