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Board of Directors vs Board of Advisors: Startup’s Brain vs Soul

In essence, a board of advisors is more concerned with a company’s strategic interests, while a board of directors focuses on advancing the interests of shareholders. This distinction seems subtle, but for many companies that originate outside the U.S. startup ecosystem, this can be quite a foreign concept. Lifelong entrepreneur Michael Burtov explains the difference between the two.
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I almost joined the Newchip accelerator right before it collapsed. Was it a scam? Here’s what I recommend to other founders.

The recent collapse of Newchip, one of the world’s biggest accelerators, was a shock to the venture ecosystem. Bjorn Erik Hansen, founder and CEO at INTIEM, an AI-based SexTech solution, believes the organization’s business model was an intentional deception. Just a few days before news of the bankruptcy became public, his Miami-based startup had said “no” to joining Newchip’s new cohort.
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How immigrant investors are rebuilding the U.S. supply chain

Coming from non-traditional backgrounds, immigrant and minority VCs are open to investing into overlooked niches. Three newly-established funds are aiming to foster sustainability within the global supply chain, which has recently been disrupted by the pandemic.