In this podcast episode, our guest Ben Chong from Founder Institute and Right Click Capital joins us to discuss finding great advisors and determining their compensation.
Key talking points:
- Introduction to Ben Chong and his affiliations with Founder Institute and Right Click Capital
- The importance of finding exceptional advisors for entrepreneurs.
- Exploring the Founder Institute's innovative approach to compensating advisors fairly through the FAST (Founder Agreement for Services and Technology) agreement.
- Understanding the components and benefits of the FAST agreement as a useful hack for equitable compensation.
- Common mistakes and challenges related to advisor equity.
- Insights from Ben Chong on the pitfalls entrepreneurs often encounter in compensating advisors.
- Practical advice for entrepreneurs to avoid similar missteps in their advisor relationships.
- The significance of advisor partnerships in entrepreneurial journeys.
- Actionable strategies to enhance advisor relationships and maximize their value.
Listen as we dive deep into the world of advisors and their compensation!