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PG is right that having an 'advisory board' is a bad sign. However, I think that sometimes giving someone smart and powerful a little bit of stock early in the
by sama 19y ago
PG is right that having an 'advisory board' is a bad sign. However, I think that sometimes giving someone smart and powerful a little bit of stock early in the life of your company can be very helpful. We did it, and it got us two very important deals.
- mrtron 19y agoAdvisers can be amazing. At a friend's startup, they have a few advisers that meet with them weekly and also do weekly intros to prospective clients. They end up selling successfully to about 80% of those clients. How else could you have that kind of success rate? The wrong adviser is useless, the right adviser is priceless. An actual board of advisers is a different situation, I don't know many startups that have something like that.