Hi Steven, I've recruited an advisory board for a foundation, so please adapt freely.
Here's what I can tell you: 1. The people you want on your board are very busy; they won't keep you company or hold your hand. 2. You want advisers to open doors for you, via their contacts and personal endorsement. 3. Advisers want to advise, not direct. That means they don't want to be in board meetings or any decision-making process. They've got their own organisations to decide for and direct. 4. No monetary remuneration you can give, be it in equity or cash, is sufficient to pay for the wealth of connections and experience your advisers have. Give them what they want: public recognition. Be the best athlete and let everyone know you owe them every ounce of your success. Good fortunes!. - *André* On Friday, 2 November 2012 12:32:15 UTC+11, Steven Noble wrote: > > Hi all, > > I'm thinking about recruiting an advisory board, partly as a foil against > the isolation that comes from being a sole founder. > > (See my 'seeking cofounder' post: > https://groups.google.com/forum/?fromgroups=#!topic/silicon-beach-australia/OdpjJeXbPbk > ) > > I'm assuming most of the advice about how to do this is obvious -- e.g. be > clear about what you want from the board, be clear about what you offer the > board in return, take the board's advice but still make the final > decisions, etc etc. > > But I'm wondering if anyone in this group has personal experiences in this > area they might want to share? > > I'm thinking a board would consist of: > > # Someone with direct knowledge of my target market > # Someone with direct knowledge of the service I want to provide that > market > # Someone with direct knowledge of the process of developing > a successful web application > # Someone with direct knowledge of the process of creating > a successful startup > # Someone with direct knowledge of business and legal fundamentals > > I'm thinking quarterly catch-ups with the entire board and then regular > Skype one-on-ones with any board member depending on the current issues the > startup faces. > > What are your experiences with this? > > Steven. > Founder & CEO, Testivate (http://testivate.com) > -- You received this message because you are subscribed to the Silicon Beach Australia mailing list. Vist http://siliconbeachaustralia.org for more Forum rules 1) No lurkers! It is expected that you introduce yourself. 2) No jobs postings. You can use http://siliconbeachaustralia.org/jobs To post to this group, send email to silicon-beach-australia@googlegroups.com To unsubscribe from this group, send email to silicon-beach-australia+unsubscr...@googlegroups.com For more options, visit this group at http://groups.google.com/group/silicon-beach-australia?hl=en?hl=en
