Hi,<p>-=My Background=-<p>- Software developer manager with 14 years experience in multiple software companies/roles.<p>-=Situation background=-<p>- For the past 6 - 8 months I've been in contact with a person who owns a company, giving some tech advice, thoughts, advice.<p>- Company has been around for a year or 2.<p>- They already have tech in place but is outsourced and the founder is non-technical; so honestly they are not sure if they have good software/are paying the right price etc.<p>- We've probably had contact 4-5 times.<p>- No payment or contract; although there has been vague talk of that in the future.<p>- I am perfectly happy with the chats we've had and it being casual/relationship building at the moment.<p>- I quite enjoy the market the company is in and like the idea of some kind of more formal advisory role going forwards.<p>-=Question=-<p>- What's the normal way in which compensation for this kind of role is handled? (It would be outside of my normal fulltime job). Some kind of retainer? A slice of equity? A nominal salary? Starbucks gift card....<p>- I'm not pressing hard for a position/role but would like to have my ducks in a row incase the conversation presents itself.<p>Thanks
I've seen advisors taking a fixed stock option package and/or regular fees in exchange for being available. You'd be a technical advisor just like their lawyer is their legal advisor so I'd structure it like a retainer plus hourly cost.
Aim high if they want to add you to their about-us page, investor presentation or press release (<a href="http://blog.mapjam.com/openstreetmap-founder-steve-coast-joins-mapjam-advisor/" rel="nofollow">http://blog.mapjam.com/openstreetmap-founder-steve-coast-joi...</a>)
Advisor to a startup: 0.25% to 0.75% vesting over two years. Time commitment is in the 1 meeting a month to 1 meeting per quarter.<p>Take a look at this legal template: <a href="https://fi.co/contents/fast#" rel="nofollow">https://fi.co/contents/fast#</a>