Explained: How to select the right advisor to your startup, how much equity to give them [and more]
How should a startup select advisor? How much stock option should you give to your advisor? Do you do vesting schedules with advisors/mentors?
In this episode of eLagaan Whiteboard Friday, the eLagaan team discusses the role of having the right Board Of Advisors and Mentors in a startup. It discusses about five types of advisors:
1. Domain expert
2. Technology expert
3. Personal coach
In conversation with serial entrepreneur, Naeem Zafar, the video also discusses about how & when to approach the advisors. How often do you use them and how to approach them for help & what do experts or advisors look for when accepting such a role.
Also see: How to divide equity between cofounders.http://www.nextbigwhat.com/startup-advisor-equity-and-vesting-schedule-details-297/http://www.nextbigwhat.com/wp-content/uploads/2012/06/elagaan-Copy-2.jpghttp://www.nextbigwhat.com/wp-content/uploads/2012/06/elagaan-Copy-2-290x290.jpgLegal ResourcesStartup Resources