Once you decide you need an advisor, you’ll need to find and select one.
Here are some key points to consider:
Start with your network and expand out from there.
Hold several conversations with the candidate advisor before making a decision.
If you need to raise awareness for your startup, consider a thought leader in the industry.
Find a mutual connection who can make an introduction.
Look for someone who compliments your skills.
If the candidate does not come from a trusted source, consider running a background check.
Focus on those who understand your strategic vision and at some level support it.
Discuss their time availability to see if they can commit to your company.
See if they can take their experience and apply it to your business.
Avoid the war-stories advisor who tells about his experience but relates nothing to your company.
Finally, look for an advisor who has some empathy for your work.
Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.
Let’s go startup something today.
Thank you for joining your host Hall T. Martin with the Startup Funding Espresso — your daily shot of startup funding and investing.
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Copyright (c) 2021, Hall Martin and investorconnect.org. All rights reserved.
Hall T Martin is the director of Investor Connect, which is a 501(c)(3) nonprofit dedicated to the education of investors for early-stage funding. All opinions expressed by Hall and podcast guests are solely their own opinions and do not reflect the opinion of Investor Connect. This podcast is for informational purposes only and should not be relied upon for the basis of investment decisions.