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by relaunched 4896 days ago
It is highly unusual for an early stage board member to take cash out of the business, b/c every dollar is critical early on. However, it's not unusual for them to have travel to board meetings reimbursed. However, it's up to the company to set the policy regarding travel cost, hotel, etc.

It's worth noting that mature companies often pay board members in cash, equity or both.

1 comments

Thanks.. that was my thinking, often larger companies have paid board seats, was wondering if it was the same with start ups.

Thanks!