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advisory board

3 statements across 1 episodes · 1 bullish · 1 bearish · 1 people on the record · first statement Jun 15, 2022 by Darryl Hicks · across every show →

Everything said about advisory board, oldest first

Jun 15, 2022 negative
Insight
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.”
Darryl Hicks Jun 15, 2022 ▶ 22:17 How to Build a Board of Advisors | Darryl Hicks, Founder of Flexpay · PMF Show
Jun 15, 2022 positive
Insight
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…”
Darryl Hicks Jun 15, 2022 ▶ 7:48 How to Build a Board of Advisors | Darryl Hicks, Founder of Flexpay · PMF Show
Jun 15, 2022 neutral
Disclosure
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.”
Darryl Hicks Jun 15, 2022 ▶ 21:14 How to Build a Board of Advisors | Darryl Hicks, Founder of Flexpay · PMF Show
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