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Advisory boards in startups: investigating the roles of advisory boards in German technology-based startups

  • 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 iestors 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.

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Document Type:Doctoral Thesis
Author:Eric Weber
Chairs and Professorships:Chair of Innovation Management and Entrepreneurship
Year of Completion:2017
Wiesbaden: Springer Gabler, 2017 ISBN 978-3-658-15339-7 eISBN 978-3-658-15340-3 Leipzig, HHL Leipzig Graduate School of Management, Dissertation, 2016