Does having a board of advisors increase your chances of getting funding?

No.

Or maybe — only barely, a tiny bit.

If you get Larry Page or Marc Benioff to be an active advisor — well, then, you have our attention.

But otherwise, a bunch of headshots of folks with experience in your industry does nothing.

It’s tablestakes.

You’re expected to attract some great advisors.

What is interesting is if you have a great, full-time management team already. Or even part of it. An amazing team.

That’s always hard.

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Published on March 28, 2017

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