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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?

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May 03, 2023
What’s everyone thoughts to VC advisory boards: • How useful is it for fundraising? • What about tangible benefits of quarterly check-ins for advice + LP introductions in exchange for some small percent of the GP (like 0.25%) cc: Kenneth Ballenegger
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Accepted Answer
May 03, 2023
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.

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