The Ins and Outs of Advisory Boards for Startups

As outside general counsel to dozens of startups in the technology, life sciences, medical device, clean energy and innovation economy, we are often asked about the utility and purpose of advisory boards. Setting up an advisory board can be a great way for a startup company to capture the knowledge, seasoned experience, network and expertise of top leaders in your industry, market and field. Advisory boards are one of the most common ways for companies to bring in external experts for advice and introductions, without the complexity and responsibility that comes along with naming someone to the board of directors…...