Investor Connect Podcast

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

As an investor in a startup, you may want to provide additional value and sign up as an advisor.

Here are some key points to consider:

  • Choose startups that you can help.
  • Make clear the work you plan to do such as introductions, networking, advising on the domain, or just sharing business experience.
  • Define the duration of the advisor work - one to two years is a common timeframe.
  • Determine the frequency and type of meetings - by phone, in person, or in a group meeting.
  • Set aside time to do the work. 
  • Negotiate compensation based on the work to be done.
  • Compensation consists of a half percent to one percent of equity vested over time. 
  • Be prepared to sign a non-disclosure and non-compete agreement.
  • Have informal reviews with the company throughout the process to make sure you are meeting expectations.
  • Add your name to the team as an advisor to help with fundraising activities.
  • Join sales meetings where you can add value.

Advising can be rewarding but comes at a cost in time and effort.

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

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Music courtesy of Bensound.

Direct download: How_to_Find_the_Right_Startup_to_Advise.mp3
Category:general -- posted at: 6:00am CST