Tagged: counsel

An Advisory Board: 7 Reasons They are Critical to the Scalable Startup [Infographic]

The advice, counsel and support of an advisory board is required to accomplish substantive objectives of a scaling startup.

How to Create an Advisory Board

One of the most important decisions an entrepreneur must make is the selection of advisory board members for their startup.

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Entrepreneur: A person who organizes and operates a business or businesses, taking on greater than normal financial risks to do so. Entrepreneurs are the founders of startups and are the people angel investors support.⁷
Startup: A startup is a new business venture / enterprise in its initial or early stages of development. These stages include the concept, seed, early, growth and mezzanine stages.⁶
Advisory Board: A group of external advisors to a private equity group or portfolio company. Advice provided varies from overall strategy to portfolio valuation. Less formal than a Board of Directors.³
Related Terms Equity | Portfolio | Valuation Related Articles Advisory Board Creation: What Is The Single Most Important Factor? 12 Items to Include in an Advisory Board Recruitment Package