June 17, 2016

113: How to Choose the Right Startup Advisors

24 minutes

Today we talk about if building an advisor board is for you. We share our experiences with finding advisors and why we chose them. We will tell you what we have seen work well in advisory boards and what doesn’t. We have both been advisors in the past so we can give some perspective on that as well.

If you are considering going to an advisor for help let us help you decide if it’s a good idea for you.

The topics we discuss today are:

Why equity is often given to an advisor

Choosing your advisors on expertise

When do you need an advisor

Why you shouldn’t expect a lot from an advisor

Why Close.io doesn’t have an advisory board

Why you need a “dating period” with advisors

Beware of “throwing shares around”

Asking yourself the right questions to get the right advisors

We invite you to join our Facebook group. It’s great to have such an incredible group of entrepreneurs out there making it happen every day. We’d love to hear from you; please feel free to join our Facebook group and share your experiences, challenges, and motivation with us and the rest of Startup Chat community.

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As always, you can hit us up on Twitter @Steli or @hnshah, #thestartupchat.

The post 113: How to Choose the Right Startup Advisors appeared first on The Startup Chat with Steli & Hiten.

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By Steli Efti & Hiten Shah: Serial Entrepreneurs, Sales & Marketing Experts, Startup Investors & Advisors, CEOs running multi million dollar SaaS Startups