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What’s The Difference Between An Advisory Board And A Board of Directors?

What’s The Difference Between An Advisory Board And A Board of Directors?

Many entrepreneurs I know are confused by the differences between an advisory board and a board of directors. So, to explain in one sentence: advisory boards are voluntary and have no fiduciary responsibility. I recommend a small one for every startup, starting at inception, prior to a major investor or key business scaling initiative. This board is […]