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Dictionary by pitch.dog
Founders & startup ecosystem · Working

Advisory board

Also called: board of advisers

ELI5

A group that advises but does not govern the company.

Used in conversation

“Do not present the advisory board as if it has fiduciary authority.”

Definition

A group providing advice and credibility without the formal governance powers of a board of directors.

Here “Advisory board” means: A group providing advice and credibility without the formal governance powers of a board of directors.

Pitch context

You will see “Advisory board” in fundraising decks, data rooms, term sheets and investor conversations when the discussion reaches founders & startup ecosystem.

Why it matters: It helps a reader interpret founders & startup ecosystem without confusing the measure, decision, role or evidence being discussed.

Connected terms

  • Board of directorsA board of directors has formal governance authority and duties; an advisory board gives advice without the same statutory decision power.
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Sources & evidence · 5

Supporting source families. This entry is an editorial synthesis rather than a quotation from one canonical glossary.