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Advisory Board Definition

advisory board – n: a group of advisors formed by a company to provide sounding-board advice, typically regarding the company’s strategic direction and product plans; some companies form separate, discrete advisory boards to provide science and technology input vs. business advice. A strong advisory board not only provides useful advice to a startup team, but also enhances the young company’s credibility.

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Adapted from "The CompanyCrafters Entrepreneur's Dictionary"
Copyright © 2004-2006 CompanyCrafters LLC

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