Question
Im a co founder of a SAAS application and we found a good adviser, we just need to prioritize what we need help with and what they are comfortable advising on.
But what can we expect from the adviser? What is a typical agreement?
Is it as simple as - The adviser will offer X hours of time a month for Y? or is it more detailed than that?
Answer
I have served on over 40 corporate boards and advisory boards. What you can expect from any advisor depends on the advisor's experience base and character. Some advisors take all the air out of the room and require massive amounts of care and feeding. Others are nearly invisible. Probably so long as you understand what you want from the advisor and communicate it to them clearly, you will have good results. Let me know if this was helpful and if you would like to discuss the matter further.
