03 of 18 ways to #KillAStartup - Bad Advisors #Startups - TopicsExpress

03 of 18 ways to #KillAStartup - Bad Advisors #Startups #Entrepreneurship #Leadership 3. You pick bad advisors. Startups will need some professional advisors, like lawyers and accountants. But they’ll also find informal advisors, and that’s where things get tricky. Mendelson recommended finding out potential advisors’ reputations. It not only helps you determine their credibility, but they’ll want to protect it, and that desire means they won’t mistreat you. “Make sure that anyone you’re talking to has what I call a reputation constraint. Whoever you talk to should have some pain inflicted on them if they treat you poorly,” Mendelson said. He also noted that if you agree to compensate an advisor, compensate them with equity. About the author: foundrygroup/wp/team/jason-mendelson/

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