New Insights post: Compensating advisors
December 18, 2008
John Greathouse, who is a venture partner at Rincon Venture Partners and has had great success with his involvement at Citrix Online/Expertcity, Computer Motion, Callwave, etc.–has been regularly providing us great articles giving advice to startups and entrepreneurs. His latest is a very in-depth, helpful article on how to compensate business advisors.
Properly setting up business advisors — legally — in terms of equity/stock/etc. — is one of the areas where many attorneys tell me startups can make a mess (for example, giving away too much equity, or not having any kind of legal agreement with advisors about ownership at all). It’s worth a read. It’s in our Insights & Opinions section.
