puritanage
New member
Hi there,
I'm looking to bring on an advisor at my new company. The purpose? To help us refine our product (media) in accordance with a certain market that his business, also media, has succeeded in.
However, when approaching this advisor (founder of a company), I want to talk in his interests and therefore need to understand better the range of benefits for advisors.
For an advisor who already has their own successful company, while a percentage of ownership might be nice - capital isn't something they need. And therefore, locking in their time (e.g. a call once per month), for capital, doesn't seem something they would take (I know I wouldn't). I am aware there are other benefits and incentives for being an advisor, but it would be good to have a clear understanding of those.
Can anyone provide some further benefit examples to advisors who already have enough capital to not sell their time?
Thanks!
I'm looking to bring on an advisor at my new company. The purpose? To help us refine our product (media) in accordance with a certain market that his business, also media, has succeeded in.
However, when approaching this advisor (founder of a company), I want to talk in his interests and therefore need to understand better the range of benefits for advisors.
For an advisor who already has their own successful company, while a percentage of ownership might be nice - capital isn't something they need. And therefore, locking in their time (e.g. a call once per month), for capital, doesn't seem something they would take (I know I wouldn't). I am aware there are other benefits and incentives for being an advisor, but it would be good to have a clear understanding of those.
Can anyone provide some further benefit examples to advisors who already have enough capital to not sell their time?
Thanks!