95% waste of time and energy - especially cap table nonsense. Just ask farcaster frens 👍
Founders
I'm lucky to have an angel VC online friend who loves what I'm working on. My sounding board is usually my wife though.
Founders
yes, however they’re people we formed organic relationships with that have the desire to contribute to the effort and who’s experience and relationships is directly in alignment with our purpose any pay they receive is mostly a nice bonus given i’m young, has been helpful to have older people associated too
Founders
No. Just talking to a bunch of frens I trust & helpful in their own arena. No need to get too formal at early stage as ur need changes quickly
Founders
No formal advisory board, however did bring on advisors to who would be impactful and glad we did that. At every stage we either sought new advisors or relied on existing network for advice
Founders
Not formally structured — preseed/seed is too early for such administrative overhead
Founders
Very helpful! Thanks to everyone who added their thoughts!
Founders
Genuine feedback from high-quality people in your network (includes ppl you meet in targeted settings) is your advisory board
Founders
Yes :) had good experiences with it, drop a pm if you want to 💡
Founders
Better off trusting your gut unless the advisor has deep knowledge of your industry/space. Most advisors offer generic advice that you can find anywhere.
FoundersI think you all just mvp’d this channel as an advisory board. 💜
Founders
One approach to an informal advisory board is identify different areas of your business and find an expert for that area (e.g. product iteration, sales, people management, technical design) And those that prove useful, you could offer a formal advisory position
Founders
We have an advisory board, the members are people who we’ve known for some time and have a network or intuition that we don’t have ourselves. Importantly, they’re also the kind of people we’d catch up with over a dinner like friends. They have added a lot of value so far!
Founders