Why you probably shouldn’t take on advisers who aren’t also investors

Everyone agrees that mentors and advisers can be incredibly valuable for most new businesses if you pick the right ones.

 

But when you get to the investment stage, should you avoid committed advisory relationships from people who won’t financially back you too?

 

This question is particularly pertinent with Spreets co-founder Dean McEvoy recently calling for Australians to get better at angel investing and the Australian start-up investment scene developing well.

 

Ed Dowling, co-founder of rapidly growing tech start-up App.io, spoke to StartupSmart about this question at the Startup Victoria Conference last year.

 

Dowling also shared how his team raised over $1 million in Silicon Valley.

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