How much equity/pay would you give a physician joining a pre-seed startup as a CMO role vs an advisory role? (I will not promote)
I’ve been talking to a startup about taking on an advisory role. Initially offered 0.25%-0.5% equity. I thought that was reasonable enough.
On talking about further roles/responsibilities, it seems the position the founder has in mind is a more involved position that to me feels like an executive level role. His initial email described taking “ownership” a few different tasks that were pretty central for this startup. So so the further clarification I think he does need more of a CMO level role.
So the question I have is how much more is this worth? I’ve got a full time job, wife and two little kids at home.I’ve got to make sure the commitment is worth my time