In his 17 years of finance experience, Patrick has been an investor, board member, executive, banker, and entrepreneur (co-founded five businesses in finance, healthcare, and natural resource development). He joined Toptal to provide executive-level expertise between two board commitments. Patrick is highly visible in the business community and excels at using his network to provide executives with access to capital, clients, and partners.
Advisory boards are undoubtedly controversial. While many articles sing their praises, others condemn them as mere headshots in pitch decks. The truth is that advisory boards are usually not silver bullets. Still, they can be powerful tools and yield strong ROI—if executed properly.
This article includes an overview of advisory boards, their economics, when they can and should be used, and a step-by-step guide to building one.