{ "media_type": "text", "post_content": "Need advice: I have an opportunity to work as an advisor for an early stage startup (just completed family and friends round) . They have asked me to put together a proposal in terms of what I would like to receive in return. This company’s current valuation is at $4.5M based upon a couple of private investors offers. I am expecting to spend 2-3 hours/week on this company and potentially help them with some of my connections to increase their sales (cont.)", "post_id": "6223b925b828d40025360c8d", "reply_count": 5, "vote_count": 3, "bowl_id": "5b0ec788cf11a800139f9490", "bowl_name": "Startups and Entrepreneurship", "feed_type": "bowl" }
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Need advice: I have an opportunity to work as an advisor for an early stage startup (just completed family and friends round) . They have asked me to put together a proposal in terms of what I would like to receive in return. This company’s current valuation is at $4.5M based upon a couple of private investors offers. I am expecting to spend 2-3 hours/week on this company and potentially help them with some of my connections to increase their sales (cont.)

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Posting as :
works at
You are currently posting as works at

Two option I would like propose:

1. Considering I will spend approximately 100-150 hours a year, that may translate to $30K of my labor. I am thinking of asking 0.75% equity

2. Ask for 0.5% equity but add a sales kicker. For every $100K worth of sales influence, I would like to get $5K bonus that can be paid at the end of every quarter

Please help with your recommendation and any additional options I should consider. Please note that this is my first time doing something like this. Thanks in advance!

Have you referenced the FAST agreement template?

Yep, I use it all the time

You could draw your Reference from FAST Agreement. So basically your 1st opinion is kinda in point but negotiations could be made too by asking them what they can offer so you guys can dialogue and reach a levelled ground.

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