I recently dissolved my advisor board. Advice is a strange thing. An
illiterate nincompoop on the street can be right today, but the pedigreed suit in the boardroom puffing his cigar can be wrong about the same thing. But back to the topic, Talk is Cheap but Effort shows Commitment. Or to put it another way, if you have skin in the game, then I'll know that you are putting your money where your mouth is. What do you think?
There's a word for advisors with skin in the game: board members.
The advisor's job, besides giving help and advice, is to find the flaws in your thinking before the board does.
by skin in the game, I am talking investment or some way they can have pain. To avoid irresponsible advice.