Knowledgeable, experienced, and well-connected mentors/advisors are crucial to a startup’s success.
According to Startup Genome Report, startups that don’t explicitly seek out the advice and assistance of advisors in their industries fail to raise the funding necessary to scale.
Whilst entrepreneurs know that mentors/advisors are vital to the growth of their companies, much confusion persists regarding what an advisory board is, which roles advisors can be expected to play, and how startups should secure mentors in the first place.
In this article I’ll provide answers to some of the most common questions concerning the role and benefits of advisors/mentors.