Advisory Board
topic on 6 shows · 9 statements across 5 episodes · said 1 times in 1 episodes since 2025
Innovators & Investors 1 
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9 statements about Advisory Board, every show
Sullivan: Tying angel investments directly to advisory board seats helps secure checks
“One of the ways that we help our founders secure those angel checks is by directly connecting an angel check to their advisory board.”
Sullivan: Startup advisory board experience helps advisors win promotions and raises
“Those advisors are getting value because those advisors get to go out in the world in their careers. They have for-profit board experience. It helps them. Get promoted, negotiate for a raise, have access to bigger opportunities.”
Sullivan: VCs should mandate advisory boards before writing checks
“No VC is writing a check to a startup that doesn't have financial advisory in intact. Like you have to, as a founder, you have to have a financial model. You have to have thought through your Revenue streams and the business plan. There has to be some like kin…”
Pujji: Advisory boards distract founders from selling to customers
“Building an advisory board is one of the, I'd put it as one of the many distractions that entrepreneurs create to think that they're going to build a better business instead of just selling stuff to customers.”
Reynolds: Advisory boards convert enterprise experts into early adopters
“We set up some advisory boards and I strategically invited some people to that advisory board that I knew might be future users of my software. Number one, because they're experts in the space and they know how to advise and guide the team on building the best…”
Hicks: Advisory boards should provide strategy and connections, not operational execution
“And then how you interact with these people is really around three things. It's conversations, strategy, and connections. So conversations, not action. Strategy, not execution. And connections is really the biggest part, right? What do you need to do and who d…”
Hicks: Most Flexpay advisors received around 0.2% equity
“Most of my people ended up coming in around 0.2%. And then of course that gets diluted down when you bring in future investment rounds and stuff like that.”
Hicks: Never ask prospective advisors to join on the first call
“The first conversation, when you reach out to these people, you're never asking them to be on the advisory board. That's almost a surefire way to have a blow up in your face.”