Startup Funding Espresso -- Purpose of an Advisory Board
Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. An advisory board is a group of three to five people who provide advice on how to grow your startup. They bring experience, contacts, and domain expertise. Advisory boards help the company grow and succeed. In recruiting for your advisory board, consider the following: Recruit diverse skills, networks, and experiences so they don\u2019t overlap. Use the advisors to fill in the gaps of the startup team which is most often a skeletal group. Use advisors to raise the profile of the startup with their reputations. They can give the startup branding to help position the company with clients. You can highlight the advisory board for recruiting the team, investors, and customers.\xa0 They are different from a board of directors in that they don\u2019t have any fiduciary roles and work informally with you on growing your business. An advisory board can improve your odds at success. Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.Let\u2019s go startup something today. ___________________________________ For more episodes from Investor Connect, please visit the site at: \xa0 Check out our other podcasts here: \xa0 For Investors check out: \xa0 For Startups check out: \xa0 For eGuides check out: \xa0 For upcoming Events, check out \xa0 For Feedback please contact info@tencapital.group\xa0\xa0 Music courtesy of .