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Coaches are on the same spectrum as advisors and investors… but not on the end you want. Paul Graham once cautioned me about advisors: “Be careful about getting
by shawnee_ 16y ago
Coaches are on the same spectrum as advisors and investors… but not on the end you want. Paul Graham once cautioned me about advisors: “Be careful about getting advisors. An advisor is just somebody who doesn’t believe in you or your idea enough to invest in it.”
I like this. However, it's not unfeasible to think that there are some people whose role is better as an advisor rather than an investor. Maybe they have the time and lack the money.
I think writing off advisors entirely to embrace investors is a bad idea. Mainly because there's a divergence of goals: maybe an advisor wants the best for a company in the long-term while an investor might be swayed to give advice that benefits his investment more in the short-term.
- dariusmonsef 16y agoI'm not writing off advisors... 2 paragraphs down I say: "With that being said, we do have two official advisors. Both are active entrepreneurs who have a ton of amazing experience. They’ve continued to give me advice and support without asking for anything in return. In appreciation for their time and their continued support, we made them advisors. I also have dozens of fellow founders that I count as advisors. Which brings up another piece of wisdom: Get advice from people actively in the game."