The Wrong Advisory Board Will Hurt Your Startup

Startup Professionals Musings

If you are an entrepreneur for the first time, or entering a new business area, it’s usually worth your time to assemble an Advisory Board of two or three executives who have travelled that road before. If you want out-of-town members on your board, you foot the travel expenses.

The Right Startup Advisors Are As Valuable As Money

Startup Professionals Musings

If you are a new entrepreneur, or entering a new business area, it’s always worth your time to assemble an Advisory Board of two or three executives who have travelled that road before. Most advisory board members sign up because the want to help you, not because of the compensation.

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The Right Startup Advisors Are As Valuable As Money

Gust

If you are a new entrepreneur, or entering a new business area, it’s always worth your time to assemble an Advisory Board of two or three executives who have travelled that road before. Most advisory board members sign up because the want to help you, not because of the compensation.

A guide to creating your startup advisory board

The Next Web

Alana Muller is the President at Kauffman FastTrac, an organization that equips entrepreneurs with the business skills and insights, tools, resources, and networks to start and grow.

Six Tips to Maximizing Your Advisory Board Value

Startup Professionals Musings

If you are an entrepreneur for the first time, or entering a new business area, it’s usually worth your time to assemble an Advisory Board of two or three executives who have travelled that road before. If you want out-of-town members on your board, you foot the travel expenses.

The Care and Feeding of Startup Advisory Boards

Seed Stage Capital

skip to main | skip to sidebar 02 September 2009 The Care and Feeding of Startup Advisory Boards A recent post on Vator.TV got me thinking about startup advisory boards. Next comes scouring your existing network and the open web to find the right folks.

Building an Advisory Board

Journey of a Serial Entrepreneur

We have been advised to put together a formal advisory board to assist us in our journey to reach product/market fit. Building an advisory board however, needs to be given a lot of thought and is not another line item on your to-do list.

The Introvert's Guide to Networking

Inc Startups

Despair that you''ll never be gregarious or outgoing enough to succeed at networking? My consulting business blooms or withers based largely on my networking prowess. We don''t have to be flaming extroverts to be successful networkers. Find new ways to network that work for you.

Target market advisory boards

Austin Startup

For startup founders, it’s never too early to start thinking about putting together a target market advisory board. The target market advisory board should consist of 2–4 industry veterans who have connections to C-level execs and VPs in your target market.

3 Ways to Tap Into Your Customers' Network

Inc Startups

Apple connects with its customers by creating great devices and building a supporting network (iTunes) for its customers that captures ridiculous value. Forming an advisory board composed of key potential customers is a good place to start.

The Importance of Advisory Boards for Startup CEOs

www.instigatorblog.com

The Importance of Advisory Boards for Startup CEOs Tweet When a startup receives financing it will need to setup a Board of Directors. The Board probably existed beforehand, but was made up only of the founders. But there’s another kind of board that’s equally important. In some ways it’s more important (although it doesn’t have any control over the business), and that’s the Board of Advisors.

6 Ways To Attract A Flock Of Angels To Your Venture

Startup Professionals Musings

Use personal networking. The best angels you will find are the ones who know you personally, or know a member of your team or advisory board. Find the right investment advisor, or member of your advisory board, and the “match-making” will happen.

"Tap the Gray Hair!" - Creating and Using an Advisory Board/Board of Directors

Small Business Force

There are two types of boards that you can use - an advisory board or a board of directors. Typically, an advisory board is an ad hoc group that you might meet with or talk to either, individually, or as a group, primarily as a sounding board.

"Tap the Gray Hair!" ? Creating and Using an Advisory Board/Board of Directors

Small Business Force

There are two types of boards that you can use - an advisory board or a board of directors. Typically, an advisory board is an ad hoc group that you might meet with or talk to either, individually, or as a group, primarily as a sounding board.

How to Get World Class Experts to Support Your Company

David Teten

As the former CEO of a professional expert network , I’m a firm believer in the value of speedy access to relevant experts. Professional expert networks allow you to efficiently convert your financial capital into relationship capital.

[Infographic] Inside The Mind Of A Startup Entrepreneur

YoungUpstarts

Network. Build an advisory board. Command a board room. What makes an entrepreneur tick? Perhaps the better question is – what kind of leader makes the best entrepreneur?

6 Ideal Team Members For Any Entrepreneurial Venture

Startup Professionals Musings

In the midst of high-tech development, funding, and selling, someone has to keep the office network running, get processes documented, and manage to keep everyone happy and busy.

Who Just Raised A $225 Million Financing in North Carolina?

Feld Thoughts

I’m psyched to be joining the board of a company co-founded and run by Mike Praeger, a friend of mine for over 20 years. During this call, he asked if I’d be open to joining the board of directors as part of the financing. I told him that I couldn’t as we don’t join boards for companies that we aren’t investors in. Before making a decision to invest, we talked to each member of our advisory board to get their feedback.

10 Qualities That Will Make You An Entrepreneur Idol

Startup Professionals Musings

Go for that black belt in networking. Attract a superstar board of advisors. The right board is a group of individuals who may not know one another, but know you, and know your business domain. No entrepreneur is an island, so take the initiative to build an advisory board.

What Do I Do Now? The Startup Lifecycle

Steve Blank

I made it this far,” he said, ”and my board agreed they’d bet on me to take it to scale. Sales (and/or customer acquisition in a multi-sided market) becomes achievable by a sales force (or network effect or virality) without heroic efforts from the founders.

How To Find An Angel Funding Match For Your Startup

Startup Professionals Musings

Use personal networking. The best angels you will find are the ones who know you personally, or know a member of your team or advisory board. Find the right investment advisor, or member of your advisory board, and the “match-making” will happen.

Episode 19: Time Tracking and Maximizing Profits with Matt Rissell

Mike Michalowicz

Matt serves on the executive committee of the Idaho Technology Council, the advisory board of the Boise State University Computer Science Department, and the Vistage CEO Network. Show Summary.

Idaho 50

Small Business Success Doesn’t Come Without Travel

Startup Professionals Musings

Mentoring and shared advisory board opportunities. Networking events with other entrepreneurs.

Finding Angel Money is Easier if You Know the Rules

Startup Professionals Musings

Use personal networking. The best angels you will find are the ones who know you personally, or know a member of your team or advisory board. Find the right investment advisor, or member of your advisory board, and the “match-making” will happen.

Foundry Group Next

Feld Thoughts

Over the years at Foundry Group we’ve built an extensive network of companies. As a result of our extensive networks, we constantly see other potential late stage investments. He has been on our advisory board and for the past eight years has been a key advisor to us. While we’ve invested in some of these directly, this actually represents the smallest set of companies that we are involved with.

Angel Investors Won’t Swoop Down on Your Startup

Startup Professionals Musings

Use personal networking. The best angels you will find are the ones who know you personally, or know a member of your team or advisory board. Find the right investment advisor, or member of your advisory board, and the “match-making” will happen.

10 Entrepreneur Qualities That Tag You as Fabulous

Startup Professionals Musings

Go for that black belt in networking. Attract a superstar board of advisors. The right board is a group of individuals who may not know one another, but know you, and know your business domain. No entrepreneur is an island, so take the initiative to use an advisory board.

These 10 Key Elements Make a Business Plan Fundable

Gust

Many people seem to use the social network advertising model for revenue, but forget it assumes at least 100M users and $50M investment. Include Advisory Board members and key industry people connections.

Why is it hard to get support for your first startup?

Life Beyond Code

You don’t have a well rounded advisory board to help you fill all the gaps. Your advisory board is too big and you are getting conflicting advice from different team members. In general, startups are super hard.

These 10 Key Elements Make a Business Plan Fundable

Startup Professionals Musings

Many people seem to use the social network advertising model for revenue, but forget it assumes at least 100M users and $50M investment. Include Advisory Board members and key industry people connections.

Everything you ever wanted to know about advisors, Part 1

venturehacks.com

Should I put together a board of advisors? What are advisory shares? Should I give advisory shares to my investors? Should I put together a board of advisors? A “board” of advisors is not a formal legal entity like a board of directors, which is defined in the Constitution and s**t. You don’t need a board to collect advisors. Create a board if it makes you and your advisors happy. From your network and cold calls.

Swedish Immigrant Helps Reinvent the Mouthguard Industry

Hearpreneur

Sometimes a great advisory board can be just as useful. A well-diversified advisory board, willing to answer phone calls and have discussions on regular basis are also priceless help, that I have been fortunate enough to take advantage of.

10 Entrepreneur Milestones That Make Funding Easy

Startup Professionals Musings

Build qualified advisory board. If you can convince a couple of domain experts, or a couple of experienced executives to join your board and be your advocate, that’s traction. Every investor expects to see some business traction, both before and after a funding event.

10 Steps To Be A Startup Founder With The X-Factor

Startup Professionals Musings

Go for that black belt in networking. Attract a superstar board of advisors. The right board is a group of individuals who may not know one another, but know you, and know your business domain. No entrepreneur is an island, so take the initiative to build an advisory board.

The Why and How Of Updating Your Angel Investors

OnStartups

If you have a regular advisory board or board of directors meetings, that''s a good time to send out an update. Want them to share some important news on their social media networks?

10 Ways Top Business Leaders Avoid The Loneliness

Startup Professionals Musings

Even if your startup is a one-man show, you can find an intelligent outside mentor or advisory board member to bounce ideas off. Plan regular networking lunches. Build a good board of directors or advisors. People under-estimate the value of a good board.

Ten Tips on How to Get the Entrepreneur X-Factor

Startup Professionals Musings

Go for that black belt in networking. Build and use a board of advisors. The right board is a group of individuals who may not know one another, but know you, and know your business domain. No entrepreneur is an island, so take the initiative to build and use an advisory board.

Every Technical Startup Wishes For This Dream Team

Startup Professionals Musings

In the midst of high-tech development, funding, and selling, someone has to keep the office network running, get processes documented, and manage to keep everyone happy and busy.

A Better Way To Ask For Investor Intros

Seed Stage Capital

If you have an advisory board, great-- this is where they can really come in handy (and if you don’t have an advisory board, you might consider building one ). Polish your script (pitch) and make it uber-easy for your referral network to make the warm intro.

Danish company disruptive to global furniture industry receives funding

ArcticStartup

Cylindo that has been self-financed up until now has also invited three strong Danish entrepreneurs to the company’s advisory board. The most prominent name in the board is David Helgason , co-founder and CEO of Unity Technologies.