DISQUS

VentureBeat: Why assemble an advisory board?

  • M Hamedi · 2 years ago
    Great article, my question is how and where would you suggest someone would track down and bring advisers on board?
  • Netanel Jacobsson · 2 years ago
    Chase, nice read. I agree with you of the value of a good board of advisor, however there are plenty of start ups stuck with advisors that don't do anything, just letting the start-up using their name. It is really important to chose the advisory board carefully and for the entrepreneur to pick their brains pro-actively.

    Good luck with Pixsy!
  • chase norlin · 2 years ago
    Net, agreed, well said.

    M Hamedi - tracking down and securing advisors is really based on your industry. I suggest going for an advisory board that is broad ranging in terms of their backgrounds and skill sets. In general, find the people you want an get in touch and give them your pitch.
  • Diran Afarian · 2 years ago
    Chase,

    If I may make some suggestions. I attend quite a few seminars and forums, as well as reading blogs and posting replies to their blogs. I make contacts, ask about their projects, then introduce my project and establish the contact in the process as a valuable friend in my network.

    Of course not all contacts become advisors for one project, because some are there for other projects or just as sounding boards.

    For our project, BlueGrind.com, I have talked to quite a few people involved in the Technology industry. 3 have said of course, because they liked what we are doing, one said, "Well, I'm too busy on my own project, but I can always help with email", and a few have just declined.

    So the moral of the story Hamedi is that, there is no one location you go to "track down" a contact. Instead you have to work on establishing a network of people in your industry. I don't know how it is in the Emirates (Assuming your location from your link), it is probably a little different.

    Here in the U.S. I also use LinkedIn to find people and get introduced. Interestingly, I have heard one successful startup CEO say that he found his co-founder from CraigsList !! Another said his Harvard buddy introduced him to some contacts. Accountants are another great resource for finding advisers by getting introduced.

    It's a challenge and you learn to sell on a one-on-one basis, so you can go to the next stage, selling to the investor group, on the idea of cash infusion.This is just my 2-cents worth. It is hard work, but I am loving it.

    Diran Afarian
    BlueGrind.com
  • M Hamedi · 2 years ago
    Great feedback, unfortunately as you can imagine it is difficult to reach advisers in Dubai. I am sure they are here somewhere, but not easy to contact.
    I’d also be curious on how the perception of acceptance of a Dubai based startup?
  • Sean Wise · 2 years ago
    Great article. For those wondering more about assembling a board (of directors or advisors) I'd point you here: http://www.theglobeandmail.com/servlet/story/RT...
  • chase norlin · 2 years ago
    M Hamedi, if anything, you're at an advantage in creating a Dubai-based startup because you're not swimming in the same pool as the rest of us in Silicon Valley. I'd leverage your local region to build a world-class advisory board that entices U.S. businesses to work with you. Additionally, Dubai has a strong reputation as a growing city with alot of wealth and new technology, I'd play up those strengths. Good luck!
  • courtney benson · 2 years ago
    Very good input. I think many experienced executives with the time and interest prefer this role over being on a board. Less legal hassles.
  • DekaFoor · 2 years ago
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    Thanks


    I want to work with them, they sent me an agreement, have anyone worked with them ? ?
  • RaymonWazerri · 2 years ago
    Hey,
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    Don't ever change and best of luck.

    Raymon W.
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  • xztheericzx · 2 years ago
    i'm eric. joining a couple boards and looking
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    too distracted!

    eric
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