Entrepreneurship

At a mentoring session at GROW I was asked about advisors and what entrepreneurs had to keep in mind when forming an advisory board. Here are a few quick tips: You want to focus on few but really engaged advisors – having 2-3 people that can help you on a weekly basis is much more […]

Good Advice
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At a mentoring session at GROW I was asked about advisors and what entrepreneurs had to keep in mind when forming an advisory board. Here are a few quick tips:

  • You want to focus on few but really engaged advisors – having 2-3 people that can help you on a weekly basis is much more useful than having a large advisory board that is not engaged and that you need to educate most of the time (instead of them helping you).
  • Putting a prominent name on your advisory board for the sake of the name is o.k. if it helps you to gain credibility but don’t exaggerate it – too many prominent names are usually suspicious.
  • It is always a good idea to formalize the relationship between advisors and the company – what time commitment is expected from them, what do they get for it (i.e. options), etc.
  • Try to get your advisors to invest a bit of money – in the best case scenario they should have skin in the game too.
  • I found it personally most useful if the company organized an advisory board meeting every 4-6 weeks that allowed the whole group to come together – getting the input from every advisor can create very productive discussions that would not have happened in a 1:1 environment
  • Most investors will not join an advisory board if they are not invested in your company – they already have too many board commitments so you are usually wasting your time trying to recruit them.
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Data / AI / ML

This November marks three years since the launch of ChatGPT. That moment brought AI into the mainstream, with large language models (LLMs) seen as the breakthrough technology powering it. Since then, innovation in AI has been relentless — perhaps one of the fastest cycles we’ve ever witnessed in tech. It’s worth pausing to reflect on […]