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Advisory Boards in Startups
Investigating The Roles Of Advisory Boards In German Technology-based Startups
- Editore:
Springer Fachmedien Wiesbaden
- EAN:
9783658153397
- ISBN:
3658153393
- Pagine:
- 260
- Formato:
- Paperback
- Lingua:
- Tedesco
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Descrizione Advisory Boards in Startups
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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