@hangnon2jesus Good advisors are everywhere. You don’t need one who you already feel like this about.
In my experience, good advisors take very little equity (fractions of percentages) unless they are taking on an active role and filling a critical function where you are struggling. In that case, the equity is largely tied to the employment agreement, and vests over 3-4 years of service.
As an advisor I expect .25-.5% equity with some small monthly stipend if the company has raised. If they haven’t raised, I expect .5-1% and no stipend.
Owners need to retain their equity. You’ll raise and get diluted. Then you’ll raise again and get diluted again. If you’re going to $100mm in MRR you may raise a third or fourth time and end up owning less of your company than the sheister who is asking for 7%.
Founder Equity is nearly impossible to get back. It is literally the thing that will change your life. Don’t give 7% to anyone just for advising.
DM me if you want to hear about the advisory board we are building at my current startup, and how we expect to retain most of our equity in the process.