The Advisory Board

Do you really need an advisory board?

In this episode of Startup Therapy, Ryan Rutan and Wil Schroter talk about why an advisory board is important, how to build your own board of advisors, and creating connections that will lead you to endless opportunities.  

Listen in for tips on getting advisors to expand your Startup network. 

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What To Listen For:

• [00:00:58] The Advisory Board 
• [00:02:03] Why is an Advisory Board important?
• [00:06:02] How do you decide who joins the Advisory Board?
• [00:07:44] The Board members are interchangeable.
• [00:13:03] Advisers aren't that hard to get.
• [00:15:06] How to ask someone to be in the Advisory Board?
• [00:18:53] Don't get worked up on the number, get worked up on the quality.
• [00:21:17] These people must have perennial advice.
• [00:24:40] Connect to people who might be helpful to you and the business. Build a network.
• [00:25:53] Even if you lack credibility, connections can get you where you need to be. 
• [00:27:16] One person can give you the answer and fast forward everything.
• [00:31:08] "If you want to get advice, raise capital. And if you want to, raise capital, try to get advice."