Thu, 6 May 2021
Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.
Once you’ve found an advisor you want to bring on board, consider the compensation.
It’s important to pay the advisor something for their time and experience.
Real work requires real pay.
Not all advisors bring the same level of support to the startup.
Also consider that equity increases in value as the company grows.
Later-stage company equity is worth a great deal more than an early-stage company.
With this in mind, consider the following:
There are standard advisors who share their experience.
For early-stage companies consider 0.25% of equity vested over one year.
For growth-stage companies consider 0.15% of equity vested over a year.
Then there are premium advisors who not only share their experience but also make introductions to investors, customers, and partners.
For early-stage companies, consider 1% of equity vested over one year.
For growth-stage companies consider 0.5% of equity vested over a year.
Set the compensation based on the stage of the company and the contribution of the advisor.
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Thu, 6 May 2021
In this episode, Hall welcomes Donna Hamlin, CEO, & Nola Masterson, Partner at Boardwise.
Boardwise provides companies and executives with the highest quality solutions, tools, education, independent evaluations, research, breaking news, and advisory support in corporate governance and management available for governance needs around the globe.
They work with all forms of companies and organizations, including private and public corporations and associations, non-profit organizations and executives, and teams with a passion for better governance practices.
Donna is the founder and board chair of Hamlin Harkins, Ltd., a 39-year-old global management consultancy providing services in strategy, business development and performance improvement to executive teams across diverse industries. Donna helps board directors and executives discover and develop personal competencies which ensure sustainable success for themselves and their organizations. She is certified in global governance by Harvard University. A published author, she writes articles about human performance and change management.
Donna currently serves on the private company boards of Daily Pay, Inc., AussieWeb, Inc., the Themyscira Institute, and on the advisory boards for Fresh Bellies Inc., Joylux Inc., and Lead Women in Malaysia. She previously served on the board of Interhealth USA, and the compensation committees for publicly-listed companies, Trident Microsystems and Asyst Technologies.
Nola has had a long career in venture capital investments and board of directors’ work. She sits on early-stage company boards and publicly traded company boards. Nola coaches aspirational board candidates and is passionate about getting diverse representation around the board table. As a lead investor in Portfolia Femtech Fund, she helps educate and support women investors to be comfortable investing at the angel level in companies that have products and services for women's health and wellness, from birth to menopause. She was a trailblazer for women in corporate sales management at Millipore and Ames Company, and the first biotechnology analyst on Wall Street. She is the co-founder of a DNA analysis company, Sequenom, which went public in 2000. Nola also teaches at the graduate level at the University of San Francisco and is the co-chair of the Women Corporate Directors chapter in SF. Her work with Boardwise includes coaching and consulting with boards and individual board members. She has been honored as a pioneer by Fordham University and is a published author and dynamic public speaker.
Donna and Nola discuss their investment theses, advise startups and investors, and share some of the challenges they face.
Donna can be contacted via email at email@example.com.
Music courtesy of Bensound.