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5 Reasons To Enlist Outside Advisors For Your Startup

Startup Professionals Musings

Here are some key reasons why I believe every entrepreneur should create a formal Advisory Board or Board of Directors before they ask for funding, or even build their business plan: We all need a bit of reality to balance our passion. Key board members multiply your networking efforts. Skip insiders, friends, and family.

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So, You Want to Speak at SXSW?

Austin Startup

Take note of what was presented the year before, as organizers won’t program a repeat unless there’s a huge demand. Public voting makes up one-third of the scheduling decision-power (with the PanelPicker team and the SXSW Advisory Board covering the other two-thirds). Push into uncharted spaces with your session idea.

Insiders

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Traction Metrics Seed Real Startup Funding And Growth

Startup Professionals Musings

Build an inside advisory board of influencers and experts. If Bill Gates has agreed to be on the board of your software startup, that’s major traction, even with no paying customers. Show evidence of growing and unsatisfied customer demand. Visibility increases over time are traction.

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How to Get World Class Experts to Support Your Company

David Teten

Our founders realized that investors needed to learn interactively, on-demand, on very specific topics, and in an atmosphere of trust. Those interactions vary – from mentorship and product feedback to learning about unmet needs in a market or understanding whether a sales channel is worth pursuing. It started in healthcare.

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Making Friends With Millennials: Evolving The Customer Service Story

YoungUpstarts

Instead, Facebook is the most popular social channel for customer service questions and is used twice as often as Twitter, which is the second most-used social media site. Their demands don’t end there: as well as speed of response, they want quality and convenience—a fast ordering process means same-day delivery.

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Lessons Learned: About the author

Startup Lessons Learned

He serves on the advisory board of a number of technology startups, and has worked as a consultant to a number of startups, companies, and venture capital firms. Thanks to Suns amazing PR blitz, there was tremendous demand for experts on Java, and I did my best to convince people that I was one of that mythical breed.

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How much equity do I give an advisor? What do they give me?

The Startup Toolkit

Those numbers get completely thrown out when the advisor is your distribution channel. I get regular intros & feedback, and they endure minimal demands on their time. Don’t rush to “fill” your advisory board. 2] Don’t quote me on this!

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