EPISODE · Oct 24, 2024 · 3 MIN
"Startup Pitfalls: The Reality of Advisors and Boards"
from Voice_Stream Demo Podcast · host Stan Berteloot
Many entrepreneurs mistakenly believe that forming a board and bringing in advisors are necessary steps in building a successful startup. Advisors may offer good advice initially, however, over time, they often lose touch with the operations and their advice becomes less relevant. Furthermore, boards are frequently high-profile but actually low-impact, leading to inefficiency and distracting from the goal of growing the business. Therefore, startups may be more successful by focusing on building lean, agile teams and seeking short-term expert advice as needed, rather than appointing long-term advisors or a board decision-making body. https://pierregaubil.substack.com/p/cut-the-fat-why-your-startup-doesnt ```
What this episode covers
Many entrepreneurs mistakenly believe that forming a board and bringing in advisors are necessary steps in building a successful startup. Advisors may offer good advice initially, however, over time, they often lose touch with the operations and their advice becomes less relevant. Furthermore, boards are frequently high-profile but actually low-impact, leading to inefficiency and distracting from the goal of growing the business. Therefore, startups may be more successful by focusing on building lean, agile teams and seeking short-term expert advice as needed, rather than appointing long-term advisors or a board decision-making body. https://pierregaubil.substack.com/p/cut-the-fat-why-your-startup-doesnt ```
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"Startup Pitfalls: The Reality of Advisors and Boards"
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