To give some context, I am a first time founder of a startup in San Francisco. We went through Y-Combinator early last year and raised about half a million out of demo day. Unfortunately, we realized quickly thereafter that our product was not working. We just couldn't get a few customers to love us. So we pivoted. We really believe in our product now and although still young, we do have a handful of paying customers who depend on us. But we also don't want to make the same mistake as last time and have started to talk with a few experts in our space who can be advisors for us.
I'm curious on how to best manage the advisory relationship. We are first-time founders. We want the best advisors, the most accomplished ones.
How do I interact with someone who is a lot more accomplished than I am?Should we treat them as an employee? Should we set milestones/goals they need to reach? Should we have them in the office a set number of hours? Should we clock their hours?How do we set the right expectations?
Thank you very much. I know you have been an advisor so any insight would be appreciated. What have companies done with you to get the most out of you?