Consulting for equity at a startup

sophieaigner's profile thumbnail
Hi Lyndsay, I would say the most common equity agreement for Advisors to startups is the FAST agreement: https://fi.co/fast.That being said, if your effort is substantially more than this you may want to use this as simply a baseline for knowing where to start. I would make sure that you know:-Specific tasks/projects they want you to work on-Level of effort - are you providing strategic guidance or will you be implementing the task yourself?-3-month, 6-month and 12-month KPIs-Long-term vision of the startup-How you will work with them on a day-to-day basis-If there are other advisors they have brought on on the same basis, you could request an informal chat with them to get their feedback-Have a plan in place if KPIs are met/not met. For example, will this remain an equity only role indefinitely or will their be bonuses if KPIs are met?
MonishaSurana's profile thumbnail
I can help you with that, have already elpha members on the equity part.Please shoot me an email at monisha@neurastats.com