Fast Agreement Advisor

The FAST agreement is used each year by tens of thousands of entrepreneurs and consultants to establish productive working relationships, business advice and support for a standardized amount of equity. Founder, before giving equity to a consultant, decide if it`s worth it. If you generate revenue, can you afford to pay it instead? If you can`t afford it, an equity agreement could be the start of a useful partnership. Early-stage companies can try Carta Launch when they need help issuing shares, whether from consultants, investors or employees. A FAST consulting agreement is a simple and short contract by which a person acts as a mentor or advisor for a company. For example, if a consultant offers expert help to an early-stage startup, meeting with the team each month, recruiting a few talents, and accepting a customer call, that consultant earns 1% of the company in the form of restricted shares or unwavering options over a two-year period; while a similar commitment to a growth-stage company is offset by only 0.6%. The fast capital return framework is described below and the full agreement explains everything below. Business leaders should take care of consultants carefully. Just because someone has a good reputation or has expertise doesn`t mean they`re a good advisor or there`s the level of good chemistry needed. The Founder Institute recommends that an entrepreneur work with a potential consultant for at least a month and spend at least 8 hours together before discussing the FAST agreement.

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Fotos: Kathrin Leisch
Impressum | AGB