Re: [newtech-1] Advisor Compensation

From: user 9.
Sent on: Tuesday, March 12, 2013 2:25 PM
I am struggling with a similar problem. The advisor has asked for 2%, which I find high. He would be a great addition for similar reasons that Kshitij references. 

I want to limit to 1-1.5% on the high end and place him on a 2 year vesting schedule. Possibly incentivize w/ existing .5-1% based on performance and/or help in finding an exit. Cap at 2% no matter what.

Thoughts?
Justin

Sent from my iPhone

On Mar 12, 2013, at 12:08 PM, Kshitij <[address removed]> wrote:


Hello all,

We have very recently started working with some advisors with domain expertise in our targeted customer markets; their main job other than the usual advising will be to help our company with their contacts.

For those on this list, who are working on start-ups, I wanted to know what kind of compensation are you offering to your advisors. I know the usual compensation, depending on the level of involvement, is 1% (or lesser) of the equity. But, I wanted to know if any of you guys are also offering commission-based compensation for introduction to key clients/customers. If so, what are the typical/fair numbers for this kind of compensation.

Best,
Kshitij
 
PS: I understand that performance-based pay is not always the best when looking for real feedback or advise, but I feel it might be worth it to incentivize the advisors.

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Kshitij Yadav, PhD.
Udacomm Inc.
New York, NY 10027
(e) [address removed]
(m)[masked]
(o) [masked]

Udacomm.com
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It is a beautiful day to make things, people. Let's have some fun....

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