30 Jul '18, 2am

Startup Sunday: My thoughts on startup advisors and how much equity to give them

One of the questions we had in the early days of our startup was, first – should we bring on advisors? And second, if we do, how much equity should we give them? Like most things in life, we learned by doing and made some mistakes along the way. Going through Techstars was incredibly valuable because it allowed us to talk with other founders, all going through the same experience and often asking the same questions. The first lesson I learned is that, yes, advisors can be incredibly helpful but it isn’t a title you just extend to anyone that helps you out once or twice. Instead, an advisor should be someone that you think has some expertise, maybe it’s in sales in the market you’re in, maybe it’s with hiring your first few developers. Whatever it is, make sure you can easily say – we brought on advisor ________ because she has expertise in________ which is valuable for our...

Full article: https://morganlinton.com/startup-sunday-my-thoughts-on-st...

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