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1answer
59 views

Business Developer Role

I've got a fairly good business, producing a profit and revenues of half what I need to live. I'm an idea man and nurture lots of great ideas over time. I'm looking to have someone else run with one ...
0
votes
0answers
57 views

I built a very profitable start-up business for my employer over the last 6 years & need HELP! [closed]

I need to know if I have just cause to sue. AZ is a right-to-work state, but I built a complete start-up business from "nothing with little or no support from the owners of this new business". I was ...
2
votes
3answers
136 views

How much equity should I give our first investor/legal advisor?

I'm currently starting up a mobile social networking application with zero funding. The app is currently in the mvp stage with a very thorough business plan, and my business partner and I are ...
1
vote
2answers
86 views

Lawyer/advisor for evaluating (or help drafting) a startup's first offer [closed]

A profitable, single-founder web startup is making me an offer as the first employee (for CTO position). It's particularly hard to evaluate the offer because: This company has never received any ...
0
votes
1answer
37 views

What is a realistic amount of time given to a pre-seed,pre-product startup by advisor?

As many of you may know advisors can be key to a new startup, esp. with first time entrepreneurs.I wondered, how much time have your advisors say over the last month talked to you? My advisor (as many ...
-1
votes
1answer
61 views

Product in Development what to do next?

My product is in development. By Feb 5th a beta should be released. For the mean time aside from getting traffic to prelaunch what else should I do ? I am the nontech founder. So Far I have ...
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vote
3answers
76 views

Issuing shares to advisor and dealing with fractional shares

We just incorporated and are now bringing on board an advisor. We want to give him %1. Our company consists of me and two co-founders, each with 1 million shares. Our total authorized shares are 5 ...
1
vote
1answer
55 views

How do you approach a potential advisor?

Recently I have began a new tech start up and right now of course it is my baby. So far video animation is complete describing what the product does. I bootstrap my kids ( businesses ). Usually I ...
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votes
2answers
100 views

“ABC Consulting” or “ABC Advisory”?

for a firm in the business industry, specifically in strategic management, finance, HR, is there a more suitable word between consulting and advisory? I mean, does "ABC Consulting" have a difference ...
3
votes
4answers
183 views

Considering hiring advisors/consultants for my startup website

How should they be paid; what is an average fee for a professional...non professional? I really don't know how much time or useful info they will provide so is giving them a percentage of ownership a ...
0
votes
0answers
55 views

What if advisors are potential acquirers?

I am drafting out a list of potential advisors to approach, but I'm realizing that some of the ones with the best fit in domain experience could also be in a position to acquire the company once it ...
0
votes
1answer
58 views

As a startup advisor, what is a good format for a meeting?

When working as an startup advisor, what is a good format for a meeting, building on past meetings, and planning for future meetings?
1
vote
1answer
166 views

What should I offer a startup advisor?

I've searching for advisors in NYC area.I have no idea what kind of deals are being offered to advisors. I need someone to help me to clear it up for me. I don't want to offer a deal that maybe ...
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vote
2answers
228 views

The Dream Team - What investors look for?

I know that the first thing investors look for is a good strong team. Until recently, I thought that just meant the founder and co-founders. However, I was just checking out angelist, and most of ...
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votes
2answers
49 views

How to negotiate for know-how or advice

in the past month I've been formulating a new startup idea in my head. It's not something technologically advanced that can't be made by me and my team but it belongs in the health industry and I will ...
1
vote
2answers
48 views

How Do You Keep Advisors (Both Formal and Informal) Informed/Engaged?

What are some methods that you use? There can be issues like time conflicts, not keeping them in the loop enough, and advice that comes like after you've already made mistakes. Is it hard to make ...
5
votes
2answers
216 views

Advisory Boards: When and How?

I have been operating a small, part-time business for the better part of 4-5 years providing IT consulting, web hosting, and tech support. To top it off, I've been working on a business plan for over ...
3
votes
1answer
81 views

How do I get an IP Lawyer as an Advisor

My pre-seed technology startup has developed unique IP which needs protection. The industry we're targeting is run by giants (with tons of IP), so the IP story will play a key-role on the startup. ...
0
votes
2answers
150 views

What is our startup worth?

Last year myself and two other partners got together to work on our startup. We got an offer from one of the investors for 40K seed money. We turned down the offer because one of the founder was ...
0
votes
0answers
103 views

Compensation for Board of Advisors of an LLC [duplicate]

What is the best way to compensate a Board of Advisor of an LLC? We have just started a company and would like to have about 3 advisors. A couple of the managers know some influential people who ...
1
vote
3answers
551 views

Should I give away 10% equity to a super advisor?

I'm a sole founder of a rather ambitious company which I have worked tirelessly to build. The company will require some heavy lifting from well connected political persons to help the company to ...
1
vote
3answers
202 views

How can an Advisor be rewarded if there's not a VC round or Sale down the line?

A guy who's help our SaaS startup a lot in the 1st 2 month of its life has suggested that we form and he join our Board of Advisors. He's very helpful to us, a great guy and will definitely be an ...
3
votes
2answers
185 views

Where to find mentors/advisors for garage stage startup company?

I have an idea related to healthcare communications and am trying to find mentors/advisors who would be willing to guide my partner and I towards success. I live in Silicon Valley. I was wondering ...
1
vote
2answers
159 views

Approach Investor without business plan but you are building what he said he would invest in?

I was just watching some interview of an investor. I was shocked to hear when he described the idea he would invest in is very similar if not exact thing to what we are developing. He said send me the ...
0
votes
1answer
148 views

how to find advisor for your startup

We are very early stage startup with protoype in the works. We need and advisor on raising financing, and marketing. Just wondering how do you go about finding someone and then ask them to be your ...
5
votes
2answers
365 views

What are startup board of advisors best practices?

A common suggestion to start ups is to get a board of advisors. Three or four people that will interact once a month to help with business strategy, development, market positioning, … I heard that ...
1
vote
2answers
131 views

Mentor requesting for board of director role, should i offer director or advisor role to him?

We recently met a person through our contacts and he has shown interest in our startup & super liked the Idea. We had initially requested him to be our mentor, for which he agreed. In our next ...
0
votes
2answers
95 views

What to offer to advisers / endorsers to make them interested?

The question is about how attract and what to offer to people who you want to be behind your start-up? It's easier with developers and other positions where you can translate their hours to pay at a ...
1
vote
1answer
72 views

Would you have a friend be a startup advisor?

Is there anything wrong with having a friend (who cannot commit to be a co-founder right now) be a startup advisor to help the effort along? This is a friend who you'd prefer to be a co-founder with ...
5
votes
3answers
388 views

Evaluate an offer for a startup advisor

My co-founders and I just began searching for $1.5-2M of funding. We met with someone who has many contacts and friends who are angels or VCs. After meeting with us, he surprised us by offering to: ...
2
votes
2answers
297 views

Need simple pre-launch website to attract mgmt. team, investors, and co-marketing alliances

I am looking for a simple website solution for my pre-launch (and pre-funding) start-up to do the following: Introduce the business without totally giving the concept away. Have a web address as a ...
3
votes
5answers
613 views

Equity stake for advisor who came up with startup idea?

I realize this has been addressed in various forms before but I feel this case is unique. How much equity would you give to a friend who came up with the idea for a startup but is voluntarily bowing ...
4
votes
2answers
480 views

what do you need to pay for the board of advisors in a startup?

what do you need to pay for the board of advisors in a startup? Do the advisors generally ask for equity share ? if so, what would be the average percentage we need to give?
1
vote
3answers
122 views

Board and Advisors Needed?

I wanted to know if it was needed to have Board Members and Advisers for your start-up to be successful. I know there are advantages to having this committee in terms of how they can advise you, give ...
4
votes
3answers
221 views

What advisors should a startup have?

Besides a Lawyer and an accountant what other advisors should I have to build a startup? Where can I find advice with things like creating a marketing plan and finding investment?
5
votes
3answers
115 views

In need of strategic advice

Some days I feel that I need someone experienced to have a top-level discussion of my next business steps. I don't necessarily feel that approaching investors is the right move for that -- I'm not ...
2
votes
1answer
284 views

Equity for Advisors

I've identified a veteran CTO of several successful web and tech companies who I'd like to be the first Advisor to my web-based startup. He could help me with operations, as well as business ...
5
votes
2answers
501 views

What percentage to give advisors / VC matchmakers?

I've been approached by two startup heavyweights who offered to recommend me to VCs and angels for my startup (I'm the sole owner). They've asked me what percentage of equity I would offer them in ...
1
vote
4answers
523 views

How to set Option Exercise Price?

I just incorporated a Delaware C Corp a few months ago and have no significant activity yet. I have 2 Advisors that I need to issue options to, and my question is how do I set the option exercise ...
0
votes
2answers
86 views

Should I continue school or take a extended break?

I just received some bad news from my college finance office which basically translates to I need to come up with around 6k to finish my degree program. I am trying to calculate the return on time ...
2
votes
2answers
256 views

How to approach potential advisors? (who are famous)

I have a couple of people I would just love to have as startup advisors, but not sure how to approach them. One in particular has greatly impacted my startup and gave tons of solid ideas on how to ...
5
votes
2answers
130 views

How have you best leveraged your “Board of Advisors” to help launch your start up?

Many of us have friends and people with whom we have worked in prior roles who have become advisors to our start up efforts - in both formal and informal fashions. What have you found has worked well ...
3
votes
3answers
1k views

Board of Advisors Compensation [duplicate]

I'm assembling a board of advisors for a brand new company. I'm thinking of gathering five individuals and paying them 2% each for a total of ten percent. This ownership stake would vest fully after ...
9
votes
9answers
1k views

I have a great idea for a web site. I created a prototype. Now what?

An idea came to me a couple years ago. I saw a good opportunity for a web site, something that doesn't exist yet. I created a working prototype. Now what? It's going to take a chunk more money to ...
2
votes
3answers
915 views

Compensation for Advisers Board

When approaching knowledgeable people to become advisors for a startup should you offer compensation? Do advisors expect compensation other than recognition? If so, how would you approach this? If you ...
13
votes
8answers
1k views

What's the best way to assemble a board of advisors/mentors?

I'd really like to put together a Board of Advisors, but I'm not sure how to start. I've found that being held accountable to someone or a group of people can really help to fulfill business goals. ...