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MenuWe have an Advisor wishing to get involved - had 4 good meetings, he has an A1 track record in household name co,s just concerned about the deal...
(ps - we're a bootstrapped business, $2m turnover, doing OK)
Main concern - the advisory term lasts for 2 years - is that right to stipulate now? (he knows I'd love to sell in 3/4, so is this just a play for higher stakes later or normal?)
other terms...
- no cliff (but we've had 4 good meetings - could settle for 3 months as working with another investor too)
2 yr vest (happy with this)
2 hours per month engagement (feel very tight, but he agrees this has some flexibility)
He has a lot of weight in the industry and some good advice so far - although most so far has just been around working together and business process, though v helpful. Think it's hard to tie down much more to agreement, but concerned that want someone 'in for the journey' not limiting timeframe / commitment…
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Business Advisory, Financial Advisory
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