Given the stage you are at..... Per the other comments an investor should not be remunerated unless they are providing exec services. Membership on the board is reward in itself and balance their self interest with that of others. 'Reasonable' expenses and D&O are fair but I have noticed us vcs don't nickle and dime as much as Aussies. I don't agree an existing investor or director should get a referral fee. For non-investing NED, I agree with Patrick's guidance on equity % but (depending on stupid local tax laws) it should be options. Seek advice. Cheers D
On Oct 21, 4:50 pm, Shaneel Mudaliar <[email protected]> wrote: > There are couple of models out there, which includes what others have said, > i.e. no fees if they are keeping track of their investment, referral fee if > they are introducing clients/investors, or you can pay hourly and cap it per > month (I have seen non-exec's on 120-180 hourly rate, depending expertise and > involvement). Public companies have different rates. > > Hope this helps.(something you should consider is D&O insurance as suggested, > don't want any unexpected liability propping up lateron). > > Regards > Shaneel Mudaliar > > On 21/10/2011, at 3:30 PM, 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. Visthttp://siliconbeachaustralia.orgfor more > > > Forum rules > > 1) No lurkers! It is expected that you introduce yourself. > > 2) No jobs postings. You can usehttp://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
