The FAST agreement is intended for a mentor or advisor who will assume an advisory role in the business.
A FAST agreement is a simple and concise contract through which a company engages a person to act as an advisor or mentor. The FAST agreement doesn’t offer the person with cash compensation for their service, but instead, the person has the right to receive shares in the future. By using a FAST agreement, the advisor acts as an independent consultant and not an employee.
What is “FAST”?
FAST stands for “Founder Advisor Standard Template” and was created by the Founder Institute. The FAST agreement is intended for a mentor or advisor who will assume an advisory role in the business. To know more about what a FAST Agreement is, visit Eqvista and check out our blog and knowledge center. And if you have not yet started using Eqvista for your cap table management, check out the application here. Contact us to know more!