article thumbnail

What Are the Benefits of Advisory Boards for Startups?

Board Effect

There’s enough competition in the startup space that new companies need to pull out all the stops to be successful. Great ideas and passion will only take your startup so far. Your founders and board members won’t always have the necessary expertise you need in every area to be competitive and sustainable.

article thumbnail

5 Reasons To Enlist Outside Advisors For Your Startup

Startup Professionals Musings

In my experience as an angel investor for new startups, I’m always surprised by how many entrepreneurs are looking for funding without outside advisors. An experienced Board can give them credibility, as well as advice on the many pitfalls of starting a new company. Key board members multiply your networking efforts.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Leaving Government for the Private Sector – Part 2

Steve Blank

In a business development role you’re out shaping the perception of your company in the market (networking), determining leads, and contacting leads. I also work closely with all members of the executive team, the Board of Directors, and Advisory Board. An Advisory Board provides advice.

article thumbnail

6 Key Leaders Every Technical Startup Needs To Thrive

Startup Professionals Musings

In my years of advising startups and occasional investing, I’ve seen many great ideas start and fail, but the right team always seems to make good things happen, even without the ultimate idea. You need to have a technical genius on the team to get your startup product off the ground. Outsourcing your core competency does not work.

article thumbnail

6 Team Members Who Will Make Your New Venture Robust

Startup Professionals Musings

In my years of advising startups and occasional investing, I’ve seen many great ideas start and fail, but the right team always seems to make good things happen, even without the ultimate idea. You need to have a technical genius on the team to get your startup product off the ground. Outsourcing your core competency does not work.

article thumbnail

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. Here are some tips on using your advisory board effectively: Select people who complement your experience.

article thumbnail

Technology Advisor

SoCal CTO

In my post, Technology Roles in Startups , I described some of the different ways I engage with startup companies such as CTO Founder , CTO , Part-Time CTO , Acting CTO , Consultant, Advisor and Advisory Board Member. Now, most often technical advisors are part of a broader advisory board.