Ryan is a fantastic VC and puts out really helpful advice for startups. In his post, he explains why startups should utilize advisors and how to know that you have the right ones. He also explains how to compensate advisors. I agree with Ryan that founders should develop a team of experienced people to support them including as executives, board members and advisors. I have done a podcast on www.mintzedge.com that discusses the benefits of advisors and why entrepreneurs should include them as part of their startup team. Check it out!
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How to Find and Use Advisors for Your Startup
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One thing I’ve found over 20 years of working with startup founders is that when it comes to starting a business there are many people who want to offer you advice. Building a startup is absolutely a team effort, and as you become more successful, you’ll find that there are even more people who want to give you advice. People want to work with winners and be a part of something big. As the opportunity becomes more obvious, you will attract more individuals with thoughts and advice.
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