Comments on: Do Boards of Advisors Work? http://www.2-speed.com/2007/02/do-boards-of-advisors-work/ Entrepreneurial Leadership and Management . . . and Other Stuff Sun, 05 Feb 2012 18:29:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Will http://www.2-speed.com/2007/02/do-boards-of-advisors-work/#comment-445 Will Thu, 22 Mar 2007 14:11:41 +0000 http://www.2-speed.com/2007/02/do-boards-of-advisors-work/#comment-445 Marek, A quick Google search yielded this brief, which seems reasonable (http://www.corp21.com/AdvisoryBoards030720.pdf). I don't know the writer and I'm in no way affiliated with his organization. I would highly recommend that you don't bother trying to build an advisory board. Instead, surround yourself with advisors who can help you with what you need in the near future. Then, change the group as your needs change. Good luck. Marek,

A quick Google search yielded this brief, which seems reasonable (http://www.corp21.com/AdvisoryBoards030720.pdf). I don’t know the writer and I’m in no way affiliated with his organization.

I would highly recommend that you don’t bother trying to build an advisory board. Instead, surround yourself with advisors who can help you with what you need in the near future. Then, change the group as your needs change.

Good luck.

]]> By: Will http://www.2-speed.com/2007/02/do-boards-of-advisors-work/#comment-106162 Will Thu, 22 Mar 2007 14:11:00 +0000 http://www.2-speed.com/2007/02/do-boards-of-advisors-work/#comment-106162 Marek, A quick Google search yielded this brief, which seems reasonable (http://www.corp21.com/AdvisoryBoards030720.pdf). I don't know the writer and I'm in no way affiliated with his organization. I would highly recommend that you don't bother trying to build an advisory board. Instead, surround yourself with advisors who can help you with what you need in the near future. Then, change the group as your needs change. Good luck. Marek,

A quick Google search yielded this brief, which seems reasonable (http://www.corp21.com/AdvisoryBoards030720.pdf). I don’t know the writer and I’m in no way affiliated with his organization.

I would highly recommend that you don’t bother trying to build an advisory board. Instead, surround yourself with advisors who can help you with what you need in the near future. Then, change the group as your needs change.

Good luck.

]]> By: Marek http://www.2-speed.com/2007/02/do-boards-of-advisors-work/#comment-443 Marek Thu, 22 Mar 2007 13:00:14 +0000 http://www.2-speed.com/2007/02/do-boards-of-advisors-work/#comment-443 Hi:) I would like to get an answer for question: Does any material generally describing the establishment, performing, form and generally the work of BoA exist? If it does, could you please give me some advice, where to find it? Thank you. Marek Hi:)
I would like to get an answer for question: Does any material generally describing the establishment, performing, form and generally the work of BoA exist? If it does, could you please give me some advice, where to find it?
Thank you.
Marek

]]> By: Marek http://www.2-speed.com/2007/02/do-boards-of-advisors-work/#comment-106161 Marek Thu, 22 Mar 2007 13:00:00 +0000 http://www.2-speed.com/2007/02/do-boards-of-advisors-work/#comment-106161 Hi:) I would like to get an answer for question: Does any material generally describing the establishment, performing, form and generally the work of BoA exist? If it does, could you please give me some advice, where to find it? Thank you. Marek Hi:)
I would like to get an answer for question: Does any material generally describing the establishment, performing, form and generally the work of BoA exist? If it does, could you please give me some advice, where to find it?
Thank you.
Marek

]]> By: Will http://www.2-speed.com/2007/02/do-boards-of-advisors-work/#comment-227 Will Sun, 18 Mar 2007 13:38:30 +0000 http://www.2-speed.com/2007/02/do-boards-of-advisors-work/#comment-227 Ben, I love the idea that "Advisory board[s] should consist of big names with no time, and no names with plenty of time." I agree. My experience is that advisors work, but advisory boards rarely do. It's in trying to create the group, as opposed to treating them as individuals that exposes the problem. Ben,

I love the idea that “Advisory board[s] should consist of big names with no time, and no names with plenty of time.” I agree.

My experience is that advisors work, but advisory boards rarely do. It’s in trying to create the group, as opposed to treating them as individuals that exposes the problem.

]]> By: Will http://www.2-speed.com/2007/02/do-boards-of-advisors-work/#comment-106160 Will Sun, 18 Mar 2007 13:38:00 +0000 http://www.2-speed.com/2007/02/do-boards-of-advisors-work/#comment-106160 Ben, I love the idea that "Advisory board[s] should consist of big names with no time, and no names with plenty of time." I agree. My experience is that advisors work, but advisory boards rarely do. It's in trying to create the group, as opposed to treating them as individuals that exposes the problem. Ben,

I love the idea that “Advisory board[s] should consist of big names with no time, and no names with plenty of time.” I agree.

My experience is that advisors work, but advisory boards rarely do. It’s in trying to create the group, as opposed to treating them as individuals that exposes the problem.

]]> By: Ben Casnocha http://www.2-speed.com/2007/02/do-boards-of-advisors-work/#comment-216 Ben Casnocha Sat, 17 Mar 2007 22:48:54 +0000 http://www.2-speed.com/2007/02/do-boards-of-advisors-work/#comment-216 Advisory board should consist of big names with no time, and no names with plenty of time. I think advisory boards can be effective, but the composition and function of the board must evolve with the company. Advisory board should consist of big names with no time, and no names with plenty of time.

I think advisory boards can be effective, but the composition and function of the board must evolve with the company.

]]> By: Ben Casnocha http://www.2-speed.com/2007/02/do-boards-of-advisors-work/#comment-106159 Ben Casnocha Sat, 17 Mar 2007 22:48:00 +0000 http://www.2-speed.com/2007/02/do-boards-of-advisors-work/#comment-106159 Advisory board should consist of big names with no time, and no names with plenty of time. I think advisory boards can be effective, but the composition and function of the board must evolve with the company. Advisory board should consist of big names with no time, and no names with plenty of time.

I think advisory boards can be effective, but the composition and function of the board must evolve with the company.

]]> By: RAMELLA.ORG http://www.2-speed.com/2007/02/do-boards-of-advisors-work/#comment-207 RAMELLA.ORG Mon, 12 Mar 2007 13:49:06 +0000 http://www.2-speed.com/2007/02/do-boards-of-advisors-work/#comment-207 <strong>Teocastronerie...</strong> ...... Teocastronerie…

……

]]> By: Dave Jilk http://www.2-speed.com/2007/02/do-boards-of-advisors-work/#comment-78 Dave Jilk Fri, 02 Mar 2007 16:09:48 +0000 http://www.2-speed.com/2007/02/do-boards-of-advisors-work/#comment-78 Seems like a common reason for a "board of advisors" is simply to have a list of impressive names that are associated with the company. This helps with credibility with investors, customers, partners, etc. Although there's some element of BS in this, because they're not really "advising" you, the reality is that the company does have access to the individuals and their expertise and contacts, and in any case there is an implicit endorsement through the adviisor's endorsement. So - if you have this expectation, rather than one of "advisory" benefit, then it can be worthwhile. Of course, the stock grants should be commensurate with this expectation. Seems like a common reason for a “board of advisors” is simply to have a list of impressive names that are associated with the company. This helps with credibility with investors, customers, partners, etc. Although there’s some element of BS in this, because they’re not really “advising” you, the reality is that the company does have access to the individuals and their expertise and contacts, and in any case there is an implicit endorsement through the adviisor’s endorsement.

So – if you have this expectation, rather than one of “advisory” benefit, then it can be worthwhile. Of course, the stock grants should be commensurate with this expectation.

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