I would appreciate any input on this. I felt with previous ventures that I wasn't making the most of my advisor board. I'd love to know how others both manage communication, best forms of contact, regularity and compensation.
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me three... i'd love to get a better handle on 'best practices' strategy and tactics from defining/designing the makeup of the BOA to compensation, expectations, sample contacts (Steve Blank may have some?), etc. We had about 12 members on my first BOA and it got to be unwieldy and time consuming, but we din't have skype or dropbox then. We had 'formal' meetings, but i don't think we had formal contacts or compensation. Didn't have a BOA on the next two and i'm vacillating on whether to build one for my current startup. Do you need industry heavy weights on the BOA or just subject matter almost-experts? How many is too many? compensation? vesting?