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
ISBN-10
3658153407
ISBN-13
9783658153403
Category
Business & Economics
Pages
244
Language
English
Published
2016-08-25
Publisher
Springer
Author
Eric Weber

Description

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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