Advisor Terms

These terms outline the commitments and expectations for advisors participating in Advisory5. By applying to Advisory5, you agree to these terms.

1. Role of Advisors

Advisory5 advisors provide guidance, feedback, and mentorship to early-stage health tech ventures. Advisors work as part of a team of 3-5 advisors per venture, bringing diverse perspectives and expertise.

2. Advisor Commitments

As a participating advisor, you commit to:

• Attending monthly advisory board meetings (typically 1-2 hours per venture)
• Being reasonably responsive to venture communications between meetings
• Preparing for meetings and engaging constructively
• Maintaining confidentiality of venture information
• Minimum 6-month commitment to each matched venture
• Collaborating respectfully with co-advisors

3. Matching Process

Advisory5 matches advisors to ventures based on expertise, experience, and venture needs. You may be matched to one or multiple ventures based on your availability and preferences. You have the right to decline a specific match if it's not a good fit.

4. Confidentiality

Advisors agree to maintain confidentiality of sensitive business information shared by ventures during advisory sessions. This includes financials, strategy, product details, and other proprietary information. Do not share venture information with third parties without explicit permission.

5. Compensation

Advisory5 is a volunteer program. Advisors do not receive compensation from Advisory5 for their participation. Any separate advisory agreements, equity grants, or compensation arrangements between advisors and individual ventures are outside the scope of Advisory5 and should be documented separately.

6. Conflicts of Interest

Advisors should disclose any potential conflicts of interest that may affect their ability to advise a particular venture. This includes competitive investments, employment, or other relationships that could create bias.

7. Scope of Advice

Advisory guidance is provided in good faith but does not constitute professional legal, financial, or medical advice. Ventures are responsible for their own decisions and should seek qualified professional advice for specific matters.

8. Termination

Advisors may step back from participation with reasonable notice (ideally 30+ days). Advisory5 may also remove advisors who do not meet their commitments or who act in ways inconsistent with the program's values.

9. Limitation of Liability

Advisors participate in their individual capacity. Advisory5 does not guarantee any outcomes for ventures or advisors. Advisors are not liable for venture business outcomes.

10. Modifications

These terms may be updated from time to time. Participating advisors will be notified of significant changes.