Advisory Board Payments
Advisors can be categorized into active and passive roles, with compensation typically structured around equity rather than cash. It's essential to establish a vesting schedule to ensure advisors contribute value over time. If an advisor requests payment, it may signal a lack of understanding of industry norms, as aligning their incentives with the startup's success is the preferred approach.In this clip
From this podcast
The Startup Podcast
Edu: Advisory Boards - Getting Help, Credibility & Capital from Experts
Related Questions
What do you do when you're trying to hire a person and you know you need to give him equity, but you're afraid of giving him too much equity if he leaves early? How can you protect yourself in this situation?
How are startups managing equity?
What role do trusted advisors play in decision-making and business strategy in the episode Edu: Advisory Boards - Getting Help, Credibility & Capital from Experts and the clip Advisory Board Payments?