REFERENCE
FAST Agreement — Founder / Advisor Standard Template
The FAST Agreement, created and released to the public by the Founder Institute, is a one-page standard template for granting equity to startup advisors. With a single signature and a few checkboxes, a founder and an advisor can agree on scope and equity in minutes — no drawn-out negotiation or bespoke drafting. It is used by tens of thousands of founders and advisors every year.
How the equity works
FAST sets the advisor’s equity from two inputs — the company’s stage and the advisor’s level of engagement — and vests it over two years with a three-month cliff, so an unproductive relationship can end in the first quarter with no equity granted.
| Engagement | Idea | Startup | Growth |
|---|---|---|---|
| Standard · monthly meetings | 0.25% | 0.20% | 0.15% |
| Expert · adds intros & projects | 1.00% | 0.80% | 0.60% |
Google Doc
FAST Agreement — English (v2)
The full Founder / Advisor Standard Template, Version 2. One page: pick the engagement level, sign, and start working.
Info
Official FAST Page
The Founder Institute’s FAST page — background, the full agreement, FAQ and other language versions.
Reference only. Vircon Legal is not affiliated with the Founder Institute; FAST is provided by the Founder Institute. This page is general information, not legal advice.