What is the typical option grant for an independent board director of a venture backed private company?
Answers
There is a tremendous variance in option grants to board directors and much depends on the person and what they expect. For "rock stars" it may be a few tenths of a percent per year. Considering that's the same amount that you might give to a great engineer over 4 years (depending on your company's precise stage of maturity), that's quite a lot. On the low end it may be a few hundredths of a percent or a "good sounding" flat number like "10K" shares per year. One thing I would strongly recommend is asking your investors what they think. If you have existing venture investors they will have had a lot of experience with your stage of company and with weighing in on board grants. And by doing that you will completely avoid surprises when it comes time to approve the grant in an upcoming board meeting.
Most common vesting is monthly or quarterly.
Thats a very vague question. A venture Company can range from a early series A to late stage Series. Financially the range can be from pre revenue to growing profitability with plans to go public. The grant size will depend on the