Founders should avoid mentors who advise startups as their primary income
Marvin Liao · 20 VC 083: 500 Startups Week: New Funds, Startup Mentoring and Dave's Masterplan with Marvin Liao, Partner @ 500 Startups · Oct 28, 2015 · at 9:39
Marvin Liao, Partner at 500 Startups, discusses red flags founders should look for when considering prospective mentors and advisors.
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“I worry about, sort of, like, mentors who do this as, like, as their job, where they're, like, advising, sort of, startups as, like, their, you know, like, their main, sort of, like, income. I do, sort of, worry about that, where I, kind of, like, you do it because it's fun, and if something comes out of it, great, but you shouldn't be going into, sort of, any relationship, sort of, expecting something.”
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