Better questions build better companiesUS founders · Pre-seed to Series A
Comparisons

Engagement structure: fixed-scope vs retainer vs equity

Term Fixed decision review Recurring retainer Equity-linked advice Internal / AI
What is bought Defined opinion by deadline Repeated access and continuity Time plus ownership upside Team time, tools
Scope failure mode Unscoped extra questions Renewal without new outputs Hidden total cost/dilution Unchallenged assumptions
Budget comparison Total fixed fee + exclusions Minimum months × fee + extra hours Fully diluted shares + cash + vesting Time opportunity cost + software
Exit Accept deliverable and finish Termination/notice rules Vesting and repurchase provisions Stop using process
Independence risk Adviser referrals/transaction tie Incentive to extend engagement Direct financial exposure to chosen outcome Founder preference / algorithm

The supplied context's illustrative fees (e.g., $2,000–$10,000 for a decision review) remain unverified planning assumptions. They are not live quotes or market medians. Obtain at least two like-for-like scoped proposals and compare exclusions, revision cycles, access, cancellation and confidentiality. Seek equity-specific legal advice if applicable. The SAFE — Y Combinator

Sources cited on this page

  1. The SAFE — Y Combinator ↗www.ycombinator.com
Download page ↓