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BTW, as a rule, advisors get no equity. If they believe in this company and want to help it succeed, they can invest in it with a safe, which gets them equity
by petervandijck 3y ago
BTW, as a rule, advisors get no equity.
If they believe in this company and want to help it succeed, they can invest in it with a safe, which gets them equity rights and a strong incentive to help you succeed.
- adastra22 3y agoWhere are you getting this “no equity ever” rule? Giving equity to strategic advisors is very much a standard thing, usually with a two year vesting reschedule. I’ve seen it at every startup I’ve been at. Because, as you note, equity gives strong incentive to help you succeed.
- petervandijck 3y agoI don't think it's standard at all. Hand out equity for cash, not for "advice". Advice is not work, and it's not cash. They take zero risk, they get no equity.