Im leading a start up venture, pre seed. I had the concept, blue prints etc for a proptech real estate brokerage start up. I was stuck and needed a CTO. I ended up meeting a biz developement person who has introduced me to a CTO and has said they are going to work with me to find VC. This is where im stuck. Once I find VC, Im not sure what lll need this person for. Obviously I wouldnt be where I am without this person but in saying that, once their role is completed, I dont know what fit they will have in the organization. How would you compensate this person? Whats fair?
This person may be a strong advisory board candidate if you can clearly articulate a set of low-effort (but high value) expectations for them that can continue on an ongoing basis.
Don’t give them more than .5% on the company.