I’m at the stage where I know our product works in Russia, we’ve got a small team, and we’re about to make the move toward the US and European markets. Problem is, my entire network is Russian. My team is Russian. My market expertise is Russia.
I keep hearing from people in the community that I should be building an “advisory board” of US-based folks—marketing experts, creators, brand strategists, whatever—to guide my market entry. The appeal makes sense: different perspective, local market knowledge, credibility when talking to US partners.
But I’m skeptical. Here’s why:
Time cost: Building these relationships takes time. Initial calls, follow-ups, ongoing check-ins. I can barely keep up with our core business right now.
Unclear ROI: What does success actually look like? Do I need monthly meetings? Quarterly? Do I pay them, ask for equity, or just hope they’re generous with their time?
Real question: Since I can find a lot of this info through articles, case studies, and even hiring a consultant, what’s the actual advantage of building an advisory board versus just getting expert advice when I need it?
That said, I also realize there’s probably something I’m missing. If smart founders are doing this, there’s likely a reason.
So I’m asking the community: If you’ve built a cross-border advisory board (or considered it), was it actually worth it? What changed because you had those relationships versus if you’d just hired consultants or joined a program?
Maybe it’s a network thing—introductions, credibility signaling, connections. Or maybe it actually shaped your strategy in ways you didn’t expect.
What’s your actual experience?