- Startups
- Advisor Vehicles
All your advisors, one cap table row.
Automate advisory equity awards and aggregate them into one entity to streamline your cap table and maintain control of your company.
Send new advisors one link. AngelList handles the rest.
Giving advisors equity should be as easy as using Venmo. Create custom invite links for varying equity compensation, and invite them to do the rest.
Manage your company, not advisor grants.
AngelList forms the Advisor Vehicle entity and drafts documents. Then advisors subscribe to the Advisor Vehicle in a few clicks, solidifying their equity incentive without the typical delays and manual paperwork.
Maintain control of your cap table
Before, directly granting advisors equity gives them a vote on your cap table. With AVs, advisors proxy their vote to the company, giving the company all the upside of advisory without the downsides.
Send new advisors one link. AngelList handles the rest.
Giving advisors equity should be as easy as using Venmo. Create custom invite links for varying equity compensation, and invite them to do the rest.
Testimonial
AngelList’s new Advisor Vehicles are a total gamechanger. I was looking to issue equity to 20+ advisors (for a Customer Advisory Board) but I was dreading dealing with dozens of additional lines on the cap table, gathering future stockholder consents, etc. AVs helped us add advisors in a few clicks, with only one line on the cap table — AVs do for advisors for RUVs do for angel investors.
Pricing
Flexible ways to use Advisor Vehicles
Move your cap table to AngelList
The Growth Plus subscription plan includes one standard RUV or AV per year, 409A valuations, and more, but requires that your cap table is activated on AngelList Equity.
Get startedGrowth Plus
Recommended$5,600
/ year
Features
1 standard RUV or Advisor Vehicle per year
Equity, Raise, Banking, & People
Stock option exercising, fund raising scenario modeling, and cap table pro forma generation
409A valuations, HRIS integrations
Automated closings for equity rounds and other custom agreements
Raise with custom documents
Stand-alone Advisor Vehicle
Starts at
$1,000/yr
+ $4k setup fee
Features
Includes Advisory Vehicle entity formation
Supports accredited advisors (we do not currently support unaccredited advisors)
K-1s for advisors (as long as subscription is active)
Works with share issuances and warrants
Need expedited support?
Add on a dedicated account manager to support you and your investors.
FAQs
Advisor Vehicles are a type of Special Purpose Vehicle specifically built for companies to efficiently grant equity to advisors with a single cap table entry. Roll Up Vehicles are another type of Special Purpose Vehicle for companies that want to efficiently raise capital from investors. Traditional SPVs often require a stand-in investor to take on additional duties by acting as the GP or Fund Lead to avoid conflict of interest issues for the founder. Advisory Vehicles and Roll Up Vehicles are designed to not need a stand in investor and can be created by the company.
Certain states have securities laws (known as Blue Sky Laws) that require a notice to be filed when at least one investor from that state invests in the AV. The amount each state charges for Blue Sky Filings varies from $0 to $500+. Each state only requires one filing regardless of how many investors in the AV are from that state. We estimate costs might vary from $750 to $1,250+ but the exact number may vary based on where your investors are based and how much is raised.
AngelList will cover the costs of entity formation, banking, and tax preparation.
Yes, all advisors in Advisor Vehicles must be able to self-attest to US accreditation requirements. During the closing process for Advisor Vehicles, advisors are not required to provide evidence of accreditation – an advisor can simply choose the accreditation criteria that they meet.
Yes, advisors may be based anywhere as long as they meet US accreditation & KYC requirements.
Advisor Vehicles are completely private and not shared anywhere on AngelList nor are they publicly shared. The only way for an advisor to view the AV is through the invite link that companies manage. By default, Advisor Vehicles do not support general solicitation of advisors with whom the company does not have a pre-existing relationship.
Generally, yes, the benefits of QSBS flows through to advisors in an AV.
AngelList Equity (cap table software) offers customers with active cap tables on certain pricing plans to utilize their one standard RUV or AV as part of their subscription. Active means that the company's stakeholders have been invited to their stakeholder portals, where they are able to view their holdings and transact.