Advisory Boards in Startups
Investigating the Roles of Advisory Boards in German Technology-Based Startups
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 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.
Eric Weber co-founded SpinLab - The HHL Accelerator, a program that supports technology-based entrepreneurs in cooperation with HHL Leipzig Graduate School of Management, where he worked as research associate and startup coach and dealt with the field of entrepreneurship from both a practical and theoretical perspective.
Eric Weber co-founded SpinLab - The HHL Accelerator, a program that supports technology-based entrepreneurs in cooperation with HHL Leipzig Graduate School of Management, where he worked as research associate and startup coach and dealt with the field of entrepreneurship from both a practical and theoretical perspective.
Weber, Eric
ISBN | 9783658153403 |
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Article number | 9783658153403 |
Media type | eBook - PDF |
Copyright year | 2016 |
Publisher | Springer Gabler |
Length | 244 pages |
Language | English |
Copy protection | Digital watermarking |