A Better Way to Structure Advisory Agreements
Over the years, I’ve taken several advisory roles and I’ve brought advisors on to my company. In that time, I’ve seen scenarios where an advisor negotiates a fairly ridiculous advisory agreement out of an inexperienced founder. Sure, getting a founder to carve out 3% of their company to listen to you opine once in a while sounds like a great deal, but doing so creates a huge red flag on their cap table. It effectively guarantees that the company will look like amateurs when they raise — and investors will push back on this. …
How I learned to stop worrying and love the burn.
Note: This article was originally published on TechCrunch here.
We all know that having a healthy work-life balance is critical for startup employees — and have read the cautionary tales of how dangerous it can be to have no work-life balance. It’s something we should all strive to achieve.
It’s also a worthless concept as it’s typically presented.
Everything I’ve read on the subject isn’t helpful for entrepreneurs and startup employees because it starts with the assumption that you have an evil boss forcing you to work unreasonable hours.
Usually, that’s not the case if you’re at a startup. You may not have a boss — and most of us love our jobs. Personally, I want to do mine 24/7 and I hate that that’s impossible. …