The Problem with Local Advice

<p>In today’s Startup Therapy Podcast, Wil and Ryan talk about finding the right advisor. It’s natural for anyone to seek advice from people who we think know more than we do but it doesn’t necessarily mean that what they know is beneficial for founders. Well-meaning people will readily share their knowledge and expertise, and we can all learn from it. Sometimes, it isn’t enough to resolve the issues at hand. Don’t limit your Startup’s potential within your local circle.  </p><p><br></p><p><strong>Sign up for the Startups Newsletter</strong></p><p><a href="https://www.startups.com/newsletter"><strong>https://www.startups.com/newsletter</strong></a></p><p><br></p><p><strong>Resources:</strong></p><ul> <li> <a href="https://www.startups.com/community/startup-therapy">Startup Therapy Podcast</a><strong> </strong> </li> <li><a href="https://www.startups.com/begin">https://www.startups.com/begin</a></li> <li>Join our <a href="https://www.startups.com/community/founder-groups">Network of Top Founders</a> </li> <li>Send an email to <a href="mailto:therapy@startups.com">therapy@startups.com</a> </li> <li>Check in with us on <a href="https://www.linkedin.com/company/startups-co/">LinkedIn</a> | <a href="https://www.linkedin.com/in/wilschroter/">Wil Schroter</a> | <a href="https://www.linkedin.com/in/ryan-rutan/">Ryan Rutan</a> </li> </ul><p><br></p><p><strong>What to Listen For</strong></p><ul> <li>00:00 Intro</li> <li>00:53 Who told you exactly?</li> <li>09:13 Competitive investors vs. local investors</li> <li>14:00 Basics in qualifying a local investor</li> <li>19:02 The hometown hero founder</li> <li>23:53 What do you expect from a piece of advice?</li> <li>27:07 Super successful but totally irrelevant advisor</li> <li>32:12 Go outside of your local circle</li> </ul>