I've been advising a few different companies because I believe in the idea and like the people. I've never made it formal, but now it's beginning to start to ask for more than just advice or learning and people are asking for connections to my resources and network that has taken 12 years to build. What is the best way to take the next step? I really want to dig in with a couple of the companies and put some time in. For one of them I would need to be paid since it requires some challenging work on my part and for the other, equity would be OK. I know there are advisor agreements, do these include specific milestones or hours spent on the company? Love to hear how others handled moving from general support to an official advisor.
All those contracts with win-win situation, increase the size of pie with cooperation rather than just sharing the pie.
Your headline refers to collaboration and the last line says 'official advisor'. These do not appear to be the same thing. Contracts are functional. The names they have are not always part of the contract and may be irrelevant. What is it you want to arrange with them?