Comments on: Should Your Startup Have an Advisory Board?

By: Keeping Startup Advisors Informed (Email Template) | Dan Martell (@danmartell)

Tue, 29 Dec 2009 21:58:08 +0000

[...] semi-annual advisory dinners (Thx [...]

By: Trish Renshaw

Trish Renshaw — Wed, 11 Nov 2009 22:12:33 +0000

I so appreciate the candor. I am approaching people to be on my team and board. One person suggested the advisory role because of his time constraints and so I was looking into it. At least he is being honest so I figure I can sign him up but don't offer any equity.

By: Harry van der Veen

Harry van der Veen — Sun, 25 Oct 2009 20:13:52 +0000

Thanks for this one.

By: ladyleet

ladyleet — Sun, 18 Oct 2009 22:41:21 +0000

Great advice. I'm really enjoying this series of yours. Keep up the awesome input.

By: AK

AK — Tue, 13 Oct 2009 17:53:03 +0000

Sorry about multiple comment submissions…it's like I've never seen a computer before

[edit] Ahh, the bit.ly link must be hanging things up

By: Be The Change

Be The Change — Tue, 13 Oct 2009 09:50:45 +0000

Excellent advise. Many thanks!

By: shavaoddfellow

shavaoddfellow — Tue, 13 Oct 2009 03:20:17 +0000

I suppose it's because I have spent some time in the nonprofit and higher ed worlds, but I'm working on my third for-profit advisory board, and never paid anyone a cent, or done more than ask them if they were interested in buying equity.

I've used advisory boards to credit vertical market specialists who gave good free advice, as a thank you to them. They weren't necessarily world-reknowned Names, but they were respected people in their area of expertise.

But then, as part of the community, I give back too.

By: msuster

msuster — Tue, 13 Oct 2009 01:47:21 +0000

You may be right but the truth is that at a minimum they are CYA for VCs with LP's (who expect us to have audited financials). Hard for me to imagine not catching the Entellium fraud but maybe you know the details better than I. Seems like a classic Ponzi scheme which any good … wait!

By: John Dugan

John Dugan — Tue, 13 Oct 2009 01:43:07 +0000

Very Helpful. Thanks Mark!

By: Jason M. Lemkin

Jason M. Lemkin — Tue, 13 Oct 2009 01:37:57 +0000

b/c they faked the cash. The reason audited financials are not THAT important be4 $xm is because bank statements should tell the entire story at the end of day. What went out, what came in. The only thing missing is how & why.