The Ins and Outs of Advisory Boards for Startups

4 min read

As outside general counsel to dozens of startups in the technology, life sciences, medical device, clean energy and innovation economy, we are often asked about the utility and purpose of advisory boards. Setting up an advisory board can be a great way for a startup company to capture the knowledge, seasoned experience, network and expertise of top leaders in your industry, market and field. Advisory boards are one of the most common ways for companies to bring in external experts for advice and introductions, without the complexity and responsibility that comes along with naming someone to the board of directors…...

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Louis Lehot Louis Lehot is a partner and business lawyer with Foley & Lardner LLP, based in the firm’s Silicon Valley, San Francisco and Los Angeles offices, where he is a member of the Private Equity & Venture Capital, M&A and Transactions Practices and the Technology, Health Care, and Energy Industry Teams. Louis focuses his practice on advising entrepreneurs and their management teams, investors and financial advisors at all stages of growth, from garage to global. Louis especially enjoys being able to help his clients achieve hyper-growth, go public and to successfully obtain optimal liquidity events. Prior to joining Foley, Louis was the founder of a Silicon Valley boutique law firm called L2 Counsel.