🛠️ Tool
Free
Intermediate
The FAST Agreement (Founder / Advisor Standard Template)
From Founder Institute (fi.co) by Founder Institute short
Why we picked it
This is the canonical, industry-standard answer to 'how much equity for an advisor', a free, ready-to-sign template used by tens of thousands of founders and advisors a year. It replaces awkward negotiation with a simple grid that maps engagement level and company stage to an equity number and vesting schedule.
- Advisor equity is standardized by engagement level (standard / strategic / expert) and company stage, roughly 0.25% to 1%.
- The template bakes in vesting (typically ~2 years) so a departing advisor doesn't keep unearned equity.
- It removes the need for custom legal drafting: check a few boxes, sign, and start working.
- Version 3 (2026) can be localized to jurisdictions beyond the US, including India, without hiring a lawyer.