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

Weber, Eric

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.

Details

Published by: Springer Gabler

Publication Date: 2016-09-05

Format: Paperback

ISBN-13: 9783658153397

DOI: 10.1007/978-3-658-15340-3

Dimensions: 210cm x148cm

Pages: 244