The Superstar Advisor Sham

Startup Therapy

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3y ago 39:49

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In today’s Startup Therapy Podcast, Wil and Ryan ask, is it too early to get an advisor? Many Startup companies invest in an advisor to tap into connections that can possibly help raise additional capital. Yet, this investment does not promise successful returns because some introductions don’t end with the results founders are hoping for. The anticipated business meetings are never set.

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Resources:

What to Listen For

00:00 Intro
00:28 How often were you asked to be a business advisor?
03:55 What's the guarantee that they want to know you?
07:08 If getting an advisor is just for raising the capital
09:31 One-sided conversations: what’s the biggest thing you can have getting an advisor
12:10 What if you make the introductions and nothing comes of it?
16:18 Ponder first if it’s the right time to invest in an investor
18:46 When people know more than you do, they just seem like geniuses
22:37 You can’t qualify an advice on a topic you’ve never understood
28:58 A good advisor will tell you what questions you should be asking
35:25 Advisors aren’t that bought in and won’t fully care

259 episoder

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