Investigating the Effectiveness of Corporate Advisory Boards

Document Type


Publication Date



MCB University Press/Emerald


While advisory boards have been around for a long time, they have become rather commonplace in Silicon Valley (USA) in the past decade. In fact, they are so common for new ventures as to be unremarkable and taken for granted. However, there is really very little empirical evidence about advisory boards, how they work, why they work, or do not work, and the like. The purpose of this research is to explore and to discover how advisory boards operate in practice. A number of tentative conclusions arise from this investigation, which can provide guidance to entrepreneurs in the composition and disposition of advisory boards, and also offer clues to future researchers for topics requiring more focused and in‐depth inquiry.