A startup advisor is a person who provides industry or subject matter advice, mentoring, and/or networking connections to a startup entrepreneur or startup business. A good startup advisor also acts as a sounding board. He or she is someone the founder of a business can bounce ideas off of — and talk through problems with. There’s no one-size-fits-all for the role of a startup advisor. What a startup advisor does for you and your business will depend on what you need. For example:
- A high growth tech business may need help raising equity funding or strategic alliances with big tech players.
- A local business, on the other hand, may need a startup advisor with industry knowledge, accounting skills or deep marketing expertise.