FAST Agreement and Advisory Shares
How does a Founder & CEO of a startup provide advisory share, when they don’t know how many shares there are each year?
Use the FAST Agreement for all advisory work (https://fi.co/fast). The agreement provides a compensation framework based on the stage of the startup and the level of assistance using a percentage of the total startup value, which is relevant in the early stages. These percentages are then converted into actual grants by the company and the Board when new grants are issued. As a result of being issued as a percentage, advisors do not need to understand the cap table or outstanding shares.