The inside directors already have a lot of stock due to their positions with the company, while the investor representatives usually participate in their venture fund's investment in the company through their carried interests in the fund. The amount of stock offered to directors and advisors varies widely depending on the stage of the company, the prestige and experience of the director or advisor, etc. Advisors usually meet much less often than directors and get much smaller stock grants. The size of boards of directors or advisors varies.
Boards of advisors are typically larger.
In these cases the stock options granted to the advisors are wasted. To be notified when new content is posted in this forum, sign up for the Law mailing list . Selected questions will be answered on this page. Garage Technology Ventures. All rights reserved.