Startup Funding Espresso – Boards and Advisors by Stage of Funding

Boards and Advisors by Stage of Funding

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

Each stage of funding brings a different set of advisors and board members.

Here’s a list of advisors and board members to pursue by stage.

Pre-Seed -- Informal advisors and board members.

They provide domain knowledge about target industries.

Seed -- Informal advisors and board members.

They provide basic business advice on forming and launching the business.

Seed+ -- Informal advisors and board members.

They provide sales and marketing expertise to help find product market fit.

Series A -- Formal board of directors.

The board consists of five members, two from the company, two from the investors and one independent who has domain knowledge.

They provide sales growth expertise.

Series B -- Formal board of directors and a few advisors.

The board consists of five members, two from the company, one from the Series A investors, and one from the Series B investors, and one independent who has domain knowledge.

They provide scaling expertise.

Series C -- Formal board of directors and several advisors.

The board consists of seven persons, two from the company, one from the Series A investors, one from the Series B investors, and one from the Series C investors, and two independent directors.

They provide expertise for expanding into new markets. 

Series D -- Formal board of directors and several advisors.

The board consists of seven persons, two from the company, three from the investors, and two independent directors.

They provide expertise for acquiring other companies.

Pursue these advisors and board members at each stage of funding.

 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

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