Do you suggest having an advisory board and does this look more appealing to potential buyers?

Which buyers? If you mean customer – no. If you mean acquirers – no. Advisory boards look great to potential investors as a way to quickly social proof the idea.

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Did you have an advisory board when you launched? if yes, what kind of people?

Answered by Bruce Poon Tip – Founder of G Adventures.

No. Never had an advisory board and never really found the use of having one. But that is just me and people regularly tell me I am crazy! Whatever works for you. I don't ... (more)

What's the difference between an advisory council and a board of advisors?

Answered by Rick Spence – Entrepreneurship writer.

No formal distinction, really. An advisory board will usually be a group of people who meet regularly (though not necessarily often) to discuss a range of topics related to... (more)

Hi Dan, now that we've bootstrapped our small business to a handful of customers and revenues with two cofounders, an advisory board, early stage CEO and one salesperson wh...

Answered by Dan Martell – Founder & Investor.

Natalie, I would suggest building an advisory board (informal) moreso than an official board. Essentially, you should have 3-4 individuals that can help you grow the busin... (more)

Do you have a board of advisors? How important do you think it is for a first time entrepreneur to have a board?

Answered by Gurbaksh Chahal – Founder, BlueLithium, ClickAgents and gWallet

Yes I have an advisory board and board of directors. It's always great to surround yourself on people that have their interest aligned with yours. (more)

How can I convince big-name entrepreneurs to join my advisory board?

Answered by Daniel Debow – Founder, Rypple Posted in Operations

First, be credible. Approach through a mutual contact. Explain, right up front why you want to meet. Explain exactly what you want. DO NOT have an advisory board, etc. ... (more)

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