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Hi,
I am in the process of finalizing my business plan and
developing my ecommerce prototype. I have been
contacted by respected individuals in the industry
that are interested in serving in an advisory
capacity. I am also interested in pursuing other
experienced professionals for the advisory board.
My questions:
1) Do you offer equity for these professionals that
will be serving on the advisory board, If so, about
how much?
2) How much control do I have over who gets to stay on
the Advisory board? For e.g., If an individual is not
coming to all the meetings and not necessarily holding
up their end of the deal, ... can I replace them? Is
there a binding contract? What is the etiquette?
3) Any other tips on managing and maintaining a good
advisory board.
Thank you in advance for all your words of wisdom.
Vishal Tayal