The author shows that advisory boards in technology-based startups have seven different roles and 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.
Language
English
Pages
259
Format
Paperback
Release
September 05, 2016
ISBN 13
9783658153397
Advisory Boards in Startups: Investigating the Roles of Advisory Boards in German Technology-Based Startups
The author shows that advisory boards in technology-based startups have seven different roles and 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.