What are your thoughts on VC advisory boards for fundraising and their tangible benefits, such as quarterly check-ins and LP introductions, in exchange for a small GP percentage?

An advisory board member is a Venture Partner. We have created standards around compensation, which you can find here: https://govclab.com/2022/03/10/venture-share/

It can be useful to have a VP that helps with fundraising but you can’t make the carry transactional. So for example - you can specify a quota of intros in exchange for carry. However, our agreement supports vesting and you can use that as mechanism to ensure performance.