quote:
Originally posted by JT:
So basically, the advisor can be a good PR person, in addition to helping with the business aspect.
Absolutely!
In a sense, compare it to selling your house. You could accomplish it without a real estate agent. But, did you maximize your profit by getting the best price? It can be done, but did you cover everything? I dunno???
Correct me if I'm wrong...
There is not a lot of money at stake for the later round guys. Actually, none until the advisor is signed as an agent. (Same guy, but now there is a contract.) There is probably little expense at the outset (I'm guessing 5% of not-a-lot is not-a-lot at all) and thus, not much to interest an advisor/agent. For these guys, it's all about the future income potential.
The book, "License to Deal" gives a lot of insight to the process from an agent/advisor's perspective. It's worth reading.