The importance of expert advice and direction for Start-up founders is one that should not be undermined. Most especially for early stage startups, guidance regarding Company structure, scaling, funding and key decision making can go a long way in the successes and failures of a Company.
Many entrepreneurs building their businesses go out to seek advice from experts who have experience and credibility in certain roles/areas. These individuals are referred to as Advisors.
One of the problems many start-ups face is having a well outlined compensation structure for Advisors. This problem has been solved with FAST Agreements.