Should I financially compensate my mentor/advisor? How (equity/cash/etc)?

Yes. This is usually in the form of equity. Depending on the advisor’s participation I’d say 0.25% to 0.5% on a two year vesting schedule is perfectly appropriate.

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Should I hire an advisor?

Answered by Dan Martell – Founder & Investor. Posted in Lessons

No (but I did ;). When I was 26 I hired an advisor to help me in my last company Spheric. I spent $20K and at the end, looking back, It was a net positive experience. What... (more)

how much should I be compensated for being a part-time online community manager for a startup company?

Answered by Mark MacLeod – Partner, Real Ventures Posted in Management

That role, depending on seniority, is worth $40K annualized to me. So, you could divide that by the fraction of time you are working. i.e. if its 1/2 time, then $20K. Howev... (more)

Is there an example layout/template of what I should be providing in my P&L report for my investors?

Answered by Mark MacLeod – Partner, Real Ventures

I should put a template online sometime. You might try searching docstoc.com But in the absence of that, I would stick to the basics: - A balance sheet with comparison to ... (more)

How much information should I give in my pitch about customer acquisition? Specifics around tactics etc?

Answered by Raymond Luk – Partner, Year One Labs

Give as much detail as you can. This is one of the pillars of your entire pitch. But investors are less interested in tactics (red brochure vs blue) and more interested in ... (more)

How many investors should I approach for my seed round? I have two people willing to put money in. How many is too many?

Answered by David Unsworth – Investor.

I think the number is dependent on how much the first two are committed for and how much you actually need. (more)

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