ARE ADVISORS WORTH THE DILUTION?

Summary from the TLDR Founders newsletter

A Figma advisor who joined after the seed round might have just made $65 million from their IPO for maybe a few hours of work per month. The math is brutal - advisors typically get 0.11% equity at seed stage, vesting over 2 years instead of the standard 4 for employees, plus single-trigger acceleration on exits. Most CEOs hire advisors then forget about them. 90% of advisors aren't worth it - they take similar dilution to a VP-level hire but only give you an hour per week.