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I do not believe that advisors should receive equity in a startup. If these are knowledgeable+experienced businesspeople, then they likely do not need the small
by nteL 12y ago
I do not believe that advisors should receive equity in a startup. If these are knowledgeable+experienced businesspeople, then they likely do not need the small amount of equity proposed in the article.
Additionally, if an advisor wants a monetary benefit then they should invest monetarily.
Ultimately, I believe that the nature of an advisor-advisee relationship is something that shouldn't be based upon a payment. When one person takes time to help another without any personal benefit, we see more excitement, more passion, and more humanity behind the help given. The startup that I've been working on has benefitted greatly from mentorship that did not come at a price, but resulted in mutual respect and appreciation.