Latest posts
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Do advisors need a formal agreement?
Yes. A lightweight advisor agreement defines scope, time commitment, and vesting terms. This protects both sides and builds trust. Levr includes editable advisor agreement templates.
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What’s the best way to approach potential advisors?
Be specific about the help you need and respectful of their time. A short message that outlines your mission, traction, and what you’d like them to advise on is more effective than a generic invite. Levr provides outreach templates for this.
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How many advisors should I have?
Three to five focused advisors is ideal—enough to cover core areas like product, finance, and growth without creating overlap or decision fatigue.
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How much equity should advisors get?
According to the Carta Total Compensation Guide (Oct 2025), most advisors receive between 0.1% and 1% equity, vesting over one to two years. The amount depends on their involvement and seniority. Levr can model compensation scenarios automatically.
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How do I find the right startup advisors?
Look for people who’ve solved the same type of problem you’re facing—fundraising, product strategy, or hiring—and who are still close to your market. Levr helps you identify gaps and match with proven advisors quickly.
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How does Levr fit alongside human advisors?
Levr gives you immediate, actionable guidance and frameworks. Use it to prep for or debrief advisor meetings and to fill gaps between sessions.
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How many advisors is ideal?
Early: 2–4 covering distinct gaps. Review quarterly to avoid overlap and drift.
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Should advisors sign NDAs?
Use practical confidentiality and IP assignment terms in your advisor letter. Keep docs lightweight but clear.
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What if I can’t offer much equity or cash?
Lead with mission, learning velocity, and the specific problem the advisor can help solve quickly. Start with a sprint; success earns longer commitments.