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This doesn't seem right. I'd venture to guess that there are many people that would make great advisors for a startup, but are not in a position to be investor
by dshah 19y ago
This doesn't seem right. I'd venture to guess that there are many people that would make great advisors for a startup, but are not in a position to be investors.
Of course, it's better for advisors to have skin in the game and be investors too, but just the fact that a competent, experienced and passionate person is not investing does not necessarilyy make them bad advisors.
On a related note, not all startups need (or should have) investors. Trying to get investors just to get good advisors seem arbitrarily limiting.
- pg 19y agoI'm not saying an investor has to invest millions. $10k would be a significant angel investment. How many people can you think of who would be great advisors for a startup who couldn't invest $10k in it?
- dshah 19y agoFair enough. Not suggesting that advisors wouldn't have the funds to invest -- just that there might be other things keeping them from making one -- like the logistics/paperwork. But, point conceded.