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Should Your Startup Have an Advisory Board?

Both Sides of the Table

Many startup companies hire advisory boards. So do advisory boards really add value? In my experience most advisory boards under deliver relative to expectations. Ok, next advisory board meeting in 60-90 days. This is part of my ongoing series Startup Advice. It’s very tempting.

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7 Startup Costs That You Assume With Outside Funding

Startup Professionals Musings

Maintaining your team’s passion and freedom to focus first on innovating for customers are only a couple of the reasons for thinking hard before you seek money from crowdfunding, angel investors, venture capital organizations, or attempt to qualify for a public stock offering. Investors want board seats and a vote on key decisions.

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7 Startup Risks That Come With Other People’s Money

Startup Professionals Musings

Maintaining your team’s passion and freedom to focus first on innovating for customers are only a couple of the reasons for thinking hard before you seek money from crowdfunding, angel investors, venture capital organizations, or attempt to qualify for a public stock offering. Investors want board seats and a vote on key decisions.

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When To Enlist A Board Of Directors Or Advisory Board

Startup Professionals Musings

Many entrepreneurs I know are confused by definition and need for an Advisory Board versus a Board of Directors. By definition, Advisory Boards are voluntary and have no fiduciary responsibility. As an alternative, every CEO needs an Advisory Board to help them grow, which they can ignore or fire at their pleasure.

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5 Questions To Consider When Contemplating Advisors

Startup Professionals Musings

Many entrepreneurs I know are confused by the definition and need for an Advisory Board versus a Board of Directors. By definition, Advisory Boards are voluntary and have no fiduciary responsibility. How much are you willing to spend on your board? Legally, Directors are accountable for corporate conduct.

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Worked Up about Unrealistic Venture Capital Valuation

Growthink Blog

So, Mike tells me he wants to raise a first round of venture capital based on a $100 million valuation. Now, anyone who knows anything about venture capital will literally laugh when they read a line like that. And how most likely, the chance of him raising venture capital with just an idea was zero.

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Still growing our team

Version One Ventures

Right now, this is a two- to three-year role where our new team member will learn about the business of venture capital and get the opportunity to work with some really interesting startups. Reporting for our investors, including writing quarterly updates and preparing LP advisory board meetings.