How do I know when an advisor or mentor relationship has run its course, and how do I gracefully end it?
An advisor who stops adding value but keeps vesting equity is a slow tax on your cap table and your time. Signs it is over: their advice is now generic, they are unreachable, or you have outgrown their stage. Ending it is a conversation, not a ghosting: thank them specifically, be honest that your needs have shifted, and if they hold vesting equity, agree to stop the vesting cliff going forward (your advisor agreement should already allow this). Keep the relationship warm even as the formal role ends. Doing this cleanly protects your reputation in a small ecosystem.
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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.
Finding an advisor is only half the job; extracting value is the harder, less-discussed half. This piece is a concrete tactical checklist for running advisor relationships so they stay useful instead of decorative.
Where FAST is the one-pager, this spells out the exit mechanics in plain clause language you can lift: either party terminates at-will on 30 to 60 days written notice, vesting stops immediately on termination, unvested shares are forfeited, and vested options stay exercisable for 90 days. Read this so your advisor agreement actually lets you stop the vesting going forward, which is the specific lever the answer tells you to pull.
