Equity only unless the company's growth is stalled. You need all the cash you have. They should own no more than 1-3% equity and preferably in options.
If they're actively "selling" for you you might consider some kind of more monetary reward directly linked to client meetings established. Patrick. On 20 October 2011 21:30, Alan Ravenwell <[email protected]> wrote: > Hi Silicon Beachers > > Hope an experienced investor / VC / advisor / founder can answer my > question > > Background > - My startup received some funding recently > - It is breaking even at about $300K in revenue with a few employees > - We've added a couple investors to our board of directors > - The responsibilities for the directors will be quite minimal > initially, monthly phone updates, and quarterly day long meetings. > > Question > What is the typical remuneration we should be rewarding those > directors at? > > Thanks in advance > > -- > You received this message because you are subscribed to the Silicon Beach > Australia mailing list. Vist http://siliconbeachaustralia.org for more > > Forum rules > 1) No lurkers! It is expected that you introduce yourself. > 2) No jobs postings. You can use http://siliconbeachaustralia.org/jobs > > > To post to this group, send email to > [email protected] > To unsubscribe from this group, send email to > [email protected] > For more options, visit this group at > http://groups.google.com/group/silicon-beach-australia?hl=en?hl=en > -- You received this message because you are subscribed to the Silicon Beach Australia mailing list. Vist http://siliconbeachaustralia.org for more Forum rules 1) No lurkers! It is expected that you introduce yourself. 2) No jobs postings. You can use http://siliconbeachaustralia.org/jobs To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/silicon-beach-australia?hl=en?hl=en
