Choosing the right board members and advisors is crucial for founders as they guide through challenges and impact the company's success.
Prioritize trust when selecting board members and advisors, matching their strengths with the company's stage and avoiding individuals who only give outdated advice.
Leverage their networks for hiring, deals, and fundraising, spend time with potential members before committing, and maintain a balanced board with diverse expertise.
Select advisors strategically to fill knowledge gaps, avoid overloading the board, focus on substance over brand names, and be willing to evolve the board as the company scales.