Yes but the requirements and the re-numeration wildly vary .... I have been a director for example with an Internet Exchange Point where you get your costs covered but that's it.. with a local non-profit where you got zero and not even costs covered..... Then for another commercial organization I sat on their board of directors as a 'technical advisor' and got $6k/month for basically 12 hours of effort per month....
-----Original Message----- From: Af [mailto:af-boun...@afmug.com] On Behalf Of Jay Weekley Sent: Wednesday, April 6, 2016 5:05 PM To: af@afmug.com Subject: Re: [AFMUG] Taking some off the table Directors fees. I like that. Is that a common practice? Chuck McCown wrote: > Do you get a seat on the board? Directors fees? > > -----Original Message----- From: Travis Johnson Sent: Wednesday, April > 06, 2016 2:46 PM To: af@afmug.com Subject: [AFMUG] Taking some off the > table Hi, > > I'd love to hear some thoughts about when is a good time to take some > money off the table. I know this is a very diverse group and sometimes > the insight here is something you can't get anywhere else. LOL > > I invested in a startup company 27 months ago. When I invested, the > company was valued at $1M and I owned 10%. Over the course of time, > the company has taken a few other investments along the way, so I now > own 8.27%. The company is now valued at $18M and several private > equity funds have contacted the CEO about buying "secondary" shares of > the company. So, I have the option to "take some off the table". > > The company is growing amazingly fast... we just received an offer > from one of the top investment companies in the country that they > would invest up to $25M right now. > > So, the question is: When is a good time to sell some shares (even > just to get the original investment back)?? > > Travis > > >
