- Value: How involved they be? How will their expertise and advice translate into value for your business? What, exactly, do you imagine that value will be?
- Leverage: Who’s getting more out of the relationship? Are you a fast-growing company with traction that many people want to help in exchange for equity? Or are you unproven, pre-launch and desperate for an expert to come in and help you get things off of the ground? The latter company should be compensating the right advisors far more heavily than the former one.
Send me weekly updates about Groove’s Friday Q&A
Thank you for subscribing!
Your Turn: Ask Groove AnythingI’d love for this new weekly segment to be successful, and provide a valuable repository of answers from our entire community for entrepreneurs everywhere. To do that, I need your help. Here’s what you can do to get involved:
- Ask questions. Post them in the comments of this post, or Tweet them to us at @Groove.
- Answer questions. Every Friday, we’ll post a new Q&A segment. If you have anything to add or share regarding any of the questions asked, jump in! Many of you are far more qualified than I to speak on some of the topics that people ask me about.