Alchemist Equity and its structure.
First, a note: all of the equity commitments to Alchemist are captured in the offer docs you received / signed. You will not be giving out additional equity to Alchemist during the program -- that is, any coaches / mentors / other resources used are all compensated from Alchemist to that person.
And so, here is how the equity works. Alchemist has preferred equity (tied to our SAFE or investment in you), and common equity (from the common equity grant given to us).
Your coaches get a piece of the common equity given to us, typically. This is typically 3-5% of the common equity Alchemist Accelerator, LLC, receives but it ranges, and it will also depend on your review of the coach and Alchemist's discretion.
Please note: the coaches should not be asking you for additional equity and you should not give the coaches equity during the program. If you choose to work with the coaches after the program is over, you can strike individual advisor agreements with them.
You can also invite the coaches to direct invest in you if they want a larger equity stake.
We also invite the coaches into community events. And we have found the best coaches are those that coach not because of the equity but because of their genuine passion for the startup they are connected with.