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  3. Startup Advisor Equity? - Pebble Watch Founder Eric Migicovsky

Summary

Finding startup advisors and creating a network of people who can help early-stage founders is crucial. Advisors who are a few years ahead in the same industry can provide relevant insights. Having advisors at different stages is valuable for strategic thinking and domain expertise. The CEO's responsibility lies in decision-making, incorporating advice from multiple advisors. Compensation, such as equity, is common for long-term advisors. Eric Migicovsky found advisors for Pebble Watch and compensated them with equity. Y Combinator invests a small amount in many startups. Advisors and mentors provide guidance and support to startup CEOs.

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