An advisor reached out to me about helping me with my company for a rate (I see no issue here). In speaking to this Advisor I found out that they’re advising a lot of companies – to the point that it seemed like way too much (i.e 20). Is this standard?
Additionally, I’ve spoken to some mutual connections on LinkedIn as well as requested and spoken to the references that were provided from the Advisor. Of the references and mutual connections, one had negative information, one had tangible quantitative facts on what this Advisor brought to the table and two had qualitative progress they were happy with.
This agreement would include no equity, only an hourly rate, so the risk is small but I’d like to pose it to the group for some initial thoughts on what I’ve found? Also it’s good to note that this Advisor reached out to me, somewhat sales-like, which I didn’t anticipate and throws me off.