Advisory Boards in Startups: Investigating the Roles of Advisory Boards in German Technology-Based Startups

By Eric Weber

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.

• Format: Paperback
• Language: English
• ISBN: 3658153393
• ISBN13: 9783658153397
• Release Date: September 2016
• Publisher: Springer Gabler
• Length: 244 Pages
• Weight: 0.70 lbs.
• Dimensions: 0.6" x 5.8" x 8.3"