In many cases, startups face funding challenges, especially when their product isn’t fully developed, relying heavily on investors for financial support.
However, when there’s an urgent need for expertise, startups can consider offering equity as compensation to experts, creating a mutually beneficial arrangement. To ensure this partnership’s success, it’s crucial to do the following:
Establish performance metrics to track the value contributed by the expert.
Formalize the arrangement with an agreement and a share vesting schedule.
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