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Advisors asking for equity and compensation is standard. Give them one or the other but not both. Use the FAST agreement to guide you https://fi.co/fast https:
by dooraven 3y ago
Advisors asking for equity and compensation is standard. Give them one or the other but not both.
Use the FAST agreement to guide you https://fi.co/fast https://fi.co/fast. Do not deviate from this agreement, no matter how good the advisors will be.
They fundamentally are not building your business.
- Kalpeshbhalekar 3y agoThanks for the template! Looks full-proof. How much equity would be healthy to give?
- ipaddr 3y agoSee the chart above: .25 for any advisor upto 1.00 if true expert in the idea stage
- Kalpeshbhalekar 3y agoGotcha! Thank you :)
- Shinmon 3y agoMh I don't think it's quite as standard. YC advises against that, too. If you absolutely have to then use standard compensation. Having several advisors with small equity is a red flag for many investors.
- dooraven 3y agoYeah you generally only have 2 or 3. Wouldn’t recommend having more than that