An effective team of advisors can help an entrepreneur make a high-growth company successful and realize its full potential. However, as a corporate attorney, I know that finding advisors who are a good fit for an early-stage company, and using advisors effectively, can be challenging for entrepreneurs.
In a discussion moderated by my colleague, Matthew Stor......Full article >>>
company's needs is also important, according to Young.
Expertise is a starting point in seeking an advisor, according to Ted Hart, managing partner of the Wisconsin offices of Clifton Gunderson, LLP
. An advisor must also be able to communicate that expertise and transfer that knowledge to the entrepreneur, Hart explained, as well as challenge and en......Full article >>>
tise that the company needs. Storms gave examples of individuals who had clinical trial expertise or joint development experience as people who made good Advisory Board members.
Also, while a Board of Directors has requirements and obligations such as fiduciary duties to the company, an Advisory Board does not need to adhere to the same legal formalities, explained Storms. As a result, th......Full article >>>
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