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The point of advising is to have fun but it's also to align with the upside of the business. So the things to consider / ensure are. - Are they venture backeable ... if they don't plan (or you don't see them being able to) raise venture capital, then being a formal advisor (with equity) won't mat...

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Generally speaking for early-stage companies with less than $1m in total funding, boards function on a very bare bones basis. They would convene *at most* 4 times a year (and 4 would be atypical) to pass resolutions that require board approval. I believe you were the same person who asked ab...

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One way is to connect with board education centers, like IMD's Board Center (https://www.imd.org/board/board-center-programs/) or Stanford's Directors Consortium (https://www.gsb.stanford.edu/exec-ed/programs/directors-consortium/participant-profile). These are powerful networks where you'll meet...

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Actually, the requirement is in respect of Canadjan 'resident' directors. You don't need to be a Canadian citizen to satisfy the requirement, only resident. As for what to offer (if you're not a resident either), directors + officers insurance at a minimum. In addition, depending on the stage a...

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The best way to find board members is to find people in your industry (or market) that show signs of being someone who would enjoy being on your board. These are typically people who 1) Are on other boards similar to the kind of organization you're starting 2) Are part of organizations that giv...

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I think the premise of your question is wrong. The best way to recruit experts that are most likely to be helpful is not by building a Board of Directors. Being on a board has a tremendous set of responsibilities that most people aren't prepared to take-on initially. Furthermore, most early-...

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