Advisory Board
Experienced individuals who guide a startup informally, often for a small equity grant.
Advisors lend expertise, credibility and connections without the legal duties of directors. They’re typically compensated with small option grants (e.g. 0.1–1%) under an advisor agreement. The right advisors can open doors and strengthen a founder’s pitch.
Examples
A startup adds an industry veteran as an advisor for 0.5%. — An advisor makes a key investor introduction.
How it relates to The Startup Foundry
Strong advisors boost Executability. The Foundry’s network and tools help you build the credibility investors look for.