Expensive SaaStr: Does Having a Board of Advisors Enhance Your Probabilities of Getting Funding?
Expensive SaaStr: Does Having a Board of Advisors Enhance Your Probabilities of Getting Funding?
No.
Or possibly — solely barely, a tiny bit. It does present you’re hustling, if the advisors are really nice. If you happen to get Eric Yuan or Marc Benioff to be an energetic advisor — effectively, then, you get some extra consideration. However that’s about it. They aren’t on the administration staff, they aren’t promoting or constructing product or operating a development playbook.
Aside from some minor social proof, a bunch of headshots of parents with expertise in your trade does nothing.
It’s tablestakes.
You’re anticipated to draw some nice advisors over time.
What is fascinating is when you have a fantastic, full-time administration staff already. And even a part of it. An incredible staff. That’s at all times exhausting.
So web web, get nice advisors that can assist you — for actual. Ones that may really do the work. However don’t do it to get traders.
A associated publish right here:
Constructing a Profitable Buyer Advisory Board within the Enterprise with Mapistry’s VP of Buyer Expertise Maya Colato (Pod 539 + Video)
(Word: an up to date SaaStr Traditional reply)
