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.
Sent from my iPhone
On Mar 12, 2013, at 12:08 PM, Kshitij <[address removed]> wrote:
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.
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.
Kshitij Yadav, PhD.
New York, NY 10027
(e) [address removed]
It is a beautiful day to make things, people. Let's have some fun....
Please Note: If you hit "REPLY", your message will be sent to everyone on this mailing list ([address removed])
This message was sent by Kshitij ([address removed]) from NY Tech Meetup.
To learn more about Kshitij, visit his/her member profile
Set my mailing list to email me As they are sent | In one daily email | Don't send me mailing list messages
Meetup, POB 4668 #37895 NY NY USA 10163 | [address removed]