A Global Advisory Board is for ventures that want to assemble a business advisory board made up of global luminaries and experts with deep industry domain expertise in the fields that matter for your business.
Many new ventures lack deep market expertise in their target market. The founders are often technical. And even if they are lucky enough to have a team member who is expert in the nuts and bolts of how the target industry works, there is usually just one of them in the company.
Many companies have scientific advisory boards. But far fewer have a business advisory board. But if well designed, this can go a long way to plugging the industry- and market-related gaps in the team's skill sets. We have noticed that CEOs and founders are often in favor of the idea of such an advisory board, but seem to find it very hard to put in place a good one. Often, if such an advisor group even exists, it contains the wrong type of people. It's like a breath of fresh air when we find a company with an advisory Board stuffed with industry luminaries with real business experience, of the right sort and in the right field.
We wanted a way to make it easier for new ventures to put together a group of world-class, market-focused advisors that can provide high level industry guidance in a cost effective way. The result is our Global Advisory Board approach.
A Global Advisory Board consists of a core group of 3-5 luminaries / experts, carefully matched to the needs of a specific business, and backed up by the entire Acceleration Co-op community of experts. Members of the Core Advisory Board are drawn in part from our community of experts, but may include other experts as well.
Global Advisory Board structure