The impact of advisors on startup success is clear
We are often asked concrete evidence on the impact that advisors have on a company. Startup Genome's "The Scaleup report" has some interesting findings in this matter.
According to the report, the correlation between using advisors and startup success in scaling is clear. The report states that, compared to companies that do not use advisors, a company using one or two advisors is 100% more likely to scale successfully. Companies using three or four advisors are, once again, 50% more likely to succeed in scaling compared to those that use one or two.
According to the report, using advisors is the single most important factor in scaling success, much more important than, for example, offering stock options to employees.
Although advisors cannot work miracles, you should seriously consider using them to increase your chances of success.