Not sure you can say most advisor positions are. That’s a vague generalization. Krebs said he wasn’t paid. So that’s his story, who cares? That’s not what the crux of this story is about and at best is a sideshow.
It's a total sideshow, and it's not that big of a deal. I'm not trying to take Krebs down a peg; I'm a fan. If he's an advisor to a company, he should disclose that relationship --- like any other relationship! --- in his stories. That he's not paid doesn't change much; personal relationships are also disclosable. I mentioned the payment thing only because the optics probably weren't the optics Krebs wanted, not because I dispute what he's saying.