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May 10, 2006

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Hi Rick,
Great blog - I really get a lot out of it. Two quick questions for you about this advisory board post.

1) how much stock (and vesting period) is 'typical? (I don't want to insult someone!)

2) Do you recommend getting the advisory board together - or instead just use the individual members (say there are 3) as individual sounding boards, maybe meeting with them individually?

Thanks for any advice you might have - I'm right at the point of trying to start putting an advisory board together. Keep up the great posts!

Best,
Chris

Hi Chris,
Thanks for stopping by. The advisory boards that I'm involved with meet as a group and are available to the founder/ceo as required. The meeting together approach generally is a good thing for brainstorming, etc.

The stock option amount would vary on company and circumstances. The vesting would typically be the same as the plan for the company's employees.

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