Levy: Startup advisors are essentially just investors seeking free equity

“Advisors are investors who want stock for free, and that's kind of how I think about it. Like, you know, people should invest, ideally, instead of advising for free shares, and I know this is in like a one size, but some situations, like I was saying it's appropriate, maybe a life sciences company, and you can have consultants who get stock, but it's mostly a situation I try to avoid.”

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