Vijay Anand discusses key stages of a company and the challenges of being an entrepreneur. He emphasizes that as a startup it is important to avoid consultants and MBAs, and quotes Guy Kawasaki's view that they are the two people to stay away from. Anand explains the differences between a mentor, coach, advisor and consultant. He stresses the importance of engaging the right advisors to provide a disjoint perspective and increase the board valuation of a company. The advisor works with the entrepreneur, not for them, and chemistry and trust are very important factors in the relationship.