Building and Compensating Your Board

For frequent readers of this blog, you know I’ve written a lot about startup boards including the importance of diversity and being deliberate about how many investors you have on your board (hint: likely too many).

Last month I joined Bolster and compensation consulting firm J.Thelander for a conversation on building and compensating boards in the most effective way possible. This is an important topic, and I wanted to share and emphasize a few insights from the conversation. If you’re interested in watching the full session you can do that here . Much of the data shared by Bolster can also be found in their Board Benchmark report that I wrote about earlier this year .

Unsurprisingly, private company directors are almost exclusively being compensated with equity so the details of those equity grants are important.

Grants vary by stage –  or rather total amount raised as stages are becoming less relevant when there are these mega Seed/Series A rounds.

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