Raghunath Kanex provides you with the best start up advisors that you need. An advisor means anything and everything, depending on context.business plans that are deep, important relationships, names and faces and backgrounds that turn up in pitches, somebody with options or equity who is going to be helping for the long term, or meaningless fluff, somebody who agreed once to have his or her name appear, but really does nothing. Raghunath Reddy Kanex will tell you how advisors are compensated and what they really do.
Never go in for Free advisors as they are likely to be as useless as the free advice that they provide. Yes there are a few exceptions to that rule, like family and long-time business relationships, but most of the time when you do not give any compensation means there will be no thought behind the advise, there will be no effort, and absolutely no real contribution.
There are a lot of companies that do a bragging about advisors who are just lending their name to the business plan, they do this as a favour to a friend or of a friend or someone they know but they don’t really take an interest in that company or give any real advice to that company. They don’t make calls, do research or dig into details to offer real advice, And this can hurt the credibility of founders when they show off names that don’t really mean anything according to Kane.
Advisors who have a small equity shares are good, and advisors with options are as good or even better. These are people who will return calls, and make calls, and pitch in to help you out. if you want your advisors to stay with the company from startup to exit then you should ensure that you pay them a good remunerations, Everybody’s busy, but options motivate people to help.
