The Startup Advisor
Posted by rbpasker on August 7, 2007
If you look at my linkedin profile, you’ll notice that I’m listed as “Member of Technical Advisory Board” to a number of different startups. In fact, at least 1/2 of my time over the past few years has been dedicated to helping startups as an advisor, and it has been a tremendously worthwhile experience, both personally and professionally.
Over the next several posts, I’ll cover most of what you’ll need to know about the advisor role, including defining the role, finding advisors, negotiating compensation, and working with advisors. This should be of interest not only to CEOs and founders, but also to those who would themselves become advisors.
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Kiran said
All your posts were very helpful. I was wondering where can I find Advisor agreements templates online. Also I might have missed this, is there a firm rule on the percentage of equity that needs to be allocated to an advisor. Some fellow entrepreneurs tell me its anywhere between 0.5 to 1 percent. However in my opinion, and going by your post, it needs to be appropriate based on the Advisors experience and relevance to the startup and the time he/she can afford to devote.
Again, thanks for the post
Kiran