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Advisory Boards in Startups - Investigating the Roles of Advisory Boards in German Technology-Based Startups (Paperback, 1st ed. 2017)
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Advisory Boards in Startups - Investigating the Roles of Advisory Boards in German Technology-Based Startups (Paperback, 1st ed. 2017)
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The author shows that advisory boards in technology-based startups
have seven different roles and functions: control, advice,
networking, signalling, capital provision, co-management,
coordination. It is shown that venture capital investors try to
influence the importance of these roles in favour of control,
coordination and co-management. Contrary to this, the satisfaction
of founders as well as advisory board members increases with a
higher importance of advice, networking and signalling. This
analysis provides both qualitative and quantitative empirical data
on the usage of those boards in practice.
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