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The more you offer the more you need to tie it to deliverables. There are limitations on what a person can do without a license to raise money on contingency b
by gogopuppygogo 8y ago
The more you offer the more you need to tie it to deliverables.
There are limitations on what a person can do without a license to raise money on contingency but you can set goals of X number of introductions to venture capitalists as a criteria for earning equity.
I tend to like offering 1-3% to a really accomplished person if it's very early and they can commit time to the company.
If it's later stage 0.25 - 1% is more common.
You can also pay an Advisor with cash and lower the amount of equity.
What do you need this person for?
- yazr 8y agoIf you need to set your mentor performance-metrics, u should probably find yourself someone else (I am not the down-voter). Also, 1% for later-stage? post-VC? sounds very high. I like this article, which describes 3 different scenarios https://www.inc.com/john-rampton/how-much-equity-should-you-give-to-a-mentor.html https://www.inc.com/john-rampton/how-much-equity-should-you-...