I'm retired and exited from my niche profession, but still very much a respected "expert" in the profession.

I'm considering starting a path towards positioning myself for opportunities to consult for equity.

Has anyone successfully figured this out in your respective industry? Would appreciate hearing your story, how you got started, potential issues to consider, and where you are in that journey today.

What does consult for equity mean? Do you just mean being a Financial Advisor?

Consulting and mentoring other owners in the space for equity in their company. Helping them grow for a piece of their pie.

EvenPar said:

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Consulting and mentoring other owners in the space for equity in their company. Helping them grow for a piece of their pie.

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Gotcha.

You are going to have to find family or non equity backed companies to do this for. PE and VC backed firms aren't going to give you anything in terms of equity.

Correct. These would be independent owners, just as I was before exiting.

EvenPar said:

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Correct. These would be independent owners, just as I was before exiting.

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neat concept.

hypothetically, would you invest with these owners otherwise? alternatively, if they paid you cash, would you turn around and use it to buy equity in their company above all other investment options available to you?

This is nicely put. I was struggling with how an expert could demand equity in an advised company as a form of payment. I guess a 10-fold increase in revenue might justify a small percentage of equity. There could be situations where equity in a company is more of a liability. Taking equity requires a thorough examination of the business and its leadership. Taking cash as payment is a much cleaner transaction.

For the OP: Do you mind sharing your profession?

I think that's going to be a NFW for the vast majority of founders and owners.