Free Startup Docs: How Much Equity Should Advisors Get?

It's an age-old scenario: You're building a company, you have a product idea, and you've got the framework laid out in your head, but you want some expert advice and guidance on how to take the next steps. So, you go out to find a veteran entrepreneur, ask him or her to be an advisor in your fledgling company ... and then what? This is where a lot of founders get stuck. Entrepreneurs want to compensate their mentors and advisors for the time they dedicate to helping their businesses grow, but they have no idea how much equity to offer. So, the Founder Institute has developed a solution to this long-standing pain in the ass that all startups experience -- a free document designed to provide founders and advisors with a simple legal framework to formalize their relationship without all the legal chaos ... and the team wants you to weigh in.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/qmhnNyWj01M/

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