Do advisors really matter?

[wattcrypto]

I see lots of potential with Algebraix and the caliber of advisors they brought on. Has anyone else looked into them? Here's their telegram: https://t.me/Algebraix_Data

[wxa7115]

What do you guys think about advisors and their roles in projects? Recently saw algebraix announce their advisors and they're not the typical blockchain advisors most projects have, but seem very strategic in both the blockchain world and traditional business world.

https://www.coinbureau.com/press-release/algebraix-welcomes-leaders-advisory-board/

How do you think projects should go about bringing on advisors?

In my opinion advisors are not really that important unless they are very influential in the project or in the community, if that is not the case then you could just ignore them and concentrate on the developers and the project itself, if you are convinced by those two aspects of the project then you can invest in it but if you're not even if the advisors are very good then you should skip that project.

[itsik78]

It is obvious that advisors are not either full time employees nor team members, they are just for advise if a certain issue arise in there area of expertise but nowadays big names are used as advisors just to boost confidence in the project and attract big funds.

Do you know any very well-known consultants?For me it is actually not important who is the project consultant.The main thing that the project was working and needed in society.

[oddsig]

Depends on the advisors, but many just rent their faces for money.

[Joyeeta]

in this century in any businesses advisor has a greater role play and put lots of effort for a company success. so yea it is necessary to have few advisor in any company which want to grow and do marketing.

[BennyK]

Advisors play a very crucial role in the successful execution of a project. They might not be the idea creators but the brain and driven force behind the project. Choosing renowned advisors who are knowledgeable in both cryptocurrency and general marketing, always put the project on track and attracts the interests on investors.

[BitcoinBallerina]

Absolutely. Advisors are the ones who will look at your project and tell you if you are making the same mistake that another project make. They are called advisors for a reason and you would do well to listen to them when they tell what and what route to take and not to take. Advisors would tell you if the project you are working on is good or if it is not.

[kenelmark]

each project is clear there must be an advisor because if the advisor is not going to the project it will be confusing although sometimes the advisor does not affect the sale but will be very influential on the development.

[eMaxie]

I think they do but not that much. The team of the project is what it's better to look on. Look at Bitupper - it has some advisors but its team and developers (interact with them in Telegram) are what makes it interesting.

[jjbanks994]

so what does everyone think about algebraix's advisors?? strong? good??

[mich]

Strategic is important they need to manage their business well
otherwise it doesn't make any sense
it needs to be taken into consideration

[Audistar]

advisors always play a vital role in any business or project engagement.
Their role is like a cornerstone in building the company and strategizing the sale of products.
However, this is only the ideal role of advisors, there were also advisors that gave poor advices.

[sclmte]

Their advice it's have a huge contribution in a certain project and mostly investors will look into it. If they found out that they have a good advisors, investors will no doubt of investing them. But developers must also do their job to make their project succeed and not just letting it sleep in the market.

[Alert31]

   Advisors has a huge and important rule on every business project. It is the one that responsible for the success of a project and on how the project going through. But of course there are different kinds of advisor,they have different plans and motives about some projects. There are good advisors which is really concerns and focus on the the success of one project.

[chessi]

 Advisors are good if they are really knowledgeable and professional in the field of specific project. They need to cover lack of expertise in certain fields within the team members. I don't believe in celebrity advisers. This is pure promotion. We should go deeper and google their professional record. Sometimes it's worse to contact the advisors directly and to communicate with them in order to get our own impression regarding their level involvement and professionalism. 

[wxa7115]

Depends on the advisors, but many just rent their faces for money.

This is a very big problem there are many people that are willing to rent their faces for money, not understanding that many people could be deceived by thinking that they are part of the project when that is not the case, the developers of those coins know that, that is why they engaged in that practice which is dishonest to say the least, this is why it is very important to check not only the backgrounds of everyone involved in the project but also check how involvement in the project they really are.

[crenfrosck]

In my opinion, projects should have advisors in both important areas: the first one is specifically the area of life where they would like to gain some sort of prestige and experience from well-known experts. The second one includes advertising on social media sites with a help of major influencers. With this combination, a young startup has a slightly higher chance of being successful. Having advisors does not mean that the team does not have to work hard to achieve their goals. On the other hand, any sort of help from them is welcomed, isn't it?

[leezay]

I believe that advisers are really important part of the whole picture. They are usually specialist in a narrow aria and their expertise is making big difference.

[CryptoCrayze]

What do you guys think about advisors and their roles in projects? Recently saw algebraix announce their advisors and they're not the typical blockchain advisors most projects have, but seem very strategic in both the blockchain world and traditional business world.

https://www.coinbureau.com/press-release/algebraix-welcomes-leaders-advisory-board/

How do you think projects should go about bringing on advisors?

Veryyyyy controversial usually... You can end up with functionally useless advisors who happen to bring hype but no use. The only ones I'm really interested in are ones with serious subject knowledge who seem like they could offer development advice or ones who could directly / indirectly lead to potential future clients.

[Reid]

I have been in telegram for quite a while just reading messages from ICO owners and admins.
I can see they are really using this advisors pretty well.
There are rules that are not known by regular people and this advisors have the books for it.
They need them for that. This is kind of an odd question though. I didnt even expected someome will ask that.
Are you going to start an ICO?