Advisory Boards Advice
As I am on George’s advisory board, I have little to disagree with in his post. I would dial back his recommendation on the 4 year vesting period; the norm in the industry is 1-2 years, which gives both parties an opportunity to reevaluate and recommit.
If you are really interested in the subject, you need VentureHacks: Everything you ever wanted to know about advisors (and part two). (I am inclined to list the VentureHacks blog as an advisor to my next startup!)