Although there similarities between both roles, board members and advisors have fundamentally different roles – and impact in a company.

First, the similarities: both advisors (or advisory boards) and board members (or the board of directors) aim to improve corporate governance and performance. They do this through situational analysis, recommendations, remarks, network opening and many other avenues.

Next, the differences: while advisors (or advisory board) only provide advice, board members (or the board as a whole) have a wide-range of powers, including overriding the CEO’s or management decisions if and when necessary. Members of advisory boards have no legal or financial responsibility, unlike board members who bear some responsibility and are subject to legal obligations. This means that board members also need insurance, while advisory board members usually do not.

Meeting preparation and frequency of meetings can vary, but in general, board meetings require more in-depth preparation and may have a set meeting frequency compared to advisory boards. With greater responsibility and work intensity on boards often comes greater compensation than on advisory boards.

SVX helps remove some of these complexities by helping you map out what you need and connecting candidates that are a functional & cultural match with your company.

Board members & advisors can provide strategic guidance, open doors and make connections so you can scale your business faster and more efficiently.

SVX’s network of partners taps into individuals with extensive regional experience and strong business acumen that is often crucial for companies in their growth stage.

We help match advisors or board candidates to your business based on their unique skills and background. These people could be seasoned entrepreneurs or functional experts in areas such as sales, procurement, product development, go-to-market strategies, marketing, law & government relations.

Recruitment is often a costly affair for many companies. At SVX, we offer a unique model that keeps costs low & minimizes your risk.

On one hand, most of our candidates are individuals who have already invested through our network. In fact, we often encourage companies to propose board members & advisors to make small investments into their companies too. This means they understand the economics of growth companies & often have aligned interests.

In addition, we at SVX also price ourselves competitively and charge only when an actual board member or advisor is signed.

Our members bring solid experience and strong business acumen that can be crucial for growth companies.

We match members to your business based on their unique skills and background. These range from experienced entrepreneurs to experts in areas such as sales, procurement, product development, go-to-market strategies, marketing and law. With this diverse network of partners, we are equipped to help your business grow and scale.

Typically the process begins with an initial meeting where we dive into your company’s strengths, needs and potential.

After this meeting, we will assess whether there is a match between your company and partners in our network and go through the next steps, such as conditions and opportunities for a potential collaboration.

If all parties agree, we then move forward with a formal search, validation, screening and vetting of candidates before passing these onto to you for further assessment.