Advisory Boards in Startups

1. Front Matter

   Pages I-XV

   PDF

2. Introduction

   • Eric Weber

   Pages 1-23

3. Basic concepts and terms

   • Eric Weber

   Pages 25-40

4. Contributions of research on governing boards

   • Eric Weber

   Pages 41-85

5. Exploring the role of advisory boards in technology-based startups using qualitative methods

   • Eric Weber

   Pages 87-139

6. Exploring the role of advisory boards in technology-based startups using quantitative methods

   • Eric Weber

   Pages 141-178

7. Summary and implications

   • Eric Weber

   Pages 179-190

8. Back Matter

   Pages 191-244

   PDF

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.

• Corporate Boards
• Beiräte
• Entrepreneurship
• Corporate Governance
• Leadership

• SpinLab – The HHL Accelerator , Leipzig, Germany

  Eric Weber

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.

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