Investor, Advisor, Mentor, Board
There are four ways someone can help a startup outside of becoming an employee.
You can be an investor, an advisor, a mentor, or a board member.
As an investor, you can fund the startup.
As an advisor, you can guide the founder on strategy and make introductions.
As a mentor, you can coach the startup on various aspects of running the business such as hiring, planning, selling, and more.
As a board member, you can provide governance and oversight over the company.
Each role takes a certain amount of time.
The investor role can take little time with just monthly or quarterly check-ins.
The advisor role could take more time with two to four calls per month.
The mentor role could be two lunches a month or more.
The board member role could take ten hours a month or more.
Consider your time availability before committing to a startup.
Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.
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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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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.