Are you considering using BoardSi for an advisory board position? Did you see an ad for a board seat and the application is a simple contact form? Do not sign up here is why!
In this reviews i’ll share my experience with this advisory board and help you make an informed decision.
What Is Boardsi
BoardSi formerly known as ExecRanks, TheExecRanks, connects people, like mid-level managers, with advisory board roles at companies. They say you can earn money or equity by joining these boards. However, some people have had trouble getting results after paying fees. However, the question is, ” Is Boardsi reputable? What are customer complaints about this company? Keep reading!
How The Boardsi Works
If you’re thinking about this company Boardsi.com, which changes its name a lot (currently called BoardSi), here’s what you should know. They put ads on LinkedIn, targeting mid-level managers like you for local board positions. They promise you can earn $30k a year or get equity.
But here’s the deal: To apply, you have to subscribe to their platform, and they will charge you a fee $200 to register, plus $195 every month to use it. I tried it a few years ago, and it was frustrating. They match you with jobs at companies you’ve never heard of you apply, and… nothing happens.
They send emails saying Company X invited you to apply, but it’s the same story – nothing. When you try to reach them, if you ever get through, they tell you it takes months to hear back. It seems like their goal is to keep you paying for as long as possible, taking your money. It’s not a reliable way to find board positions, from my experience.
My Expereince With Boardsi
So i had an introductory call with Boardsi a couple of weeks ago, and right from the start, something didn’t feel right. They were asking me to pay $200 per month plus a $200 initiation fee to get set up. That raised some red flags.
I asked for specific information about their placement rates for their subscribers, but all I got in response was, “I don’t have that specific information, but it’s very high.” That wasn’t convincing at all.
I followed up with the guy multiple times, asking the same question about placement rates so I could evaluate the return on investment. But it’s been nothing but crickets – he hasn’t replied to any of my follow-up requests.
I’m planning to keep reaching out every five days to see if he responds, thanks to Gmail’s follow-up reminders.
It got me thinking, if Boardsi is such a great and efficient way to place people on boards (and these boards are supposedly paying $10,000+), why don’t they change their model to a profit-sharing one? They could take, say, 10% of whatever I earn from my board placement. That would make it a lot less risky for me as the candidate, and it should result in higher revenue for Boardsi (assuming their placement rate is as high as they claim, even though they haven’t provided any numbers).
Honestly, the whole thing just doesn’t make sense. Why would they ask for my personal credit card number during the first phone call about a compensated board membership? I’ve been on boards and worked as a consultant for several companies, and I’ve never encountered anything like this. It feels like a scam.
Is Boardsi Legit: Red Flags to Watch Out For
So there have been a lot of customer complaints on Reddit that made me believe Boardsi to be a scam:
1. Unusual Payment Request: During our initial phone call, they requested my credit card information, which is highly unusual and makes me skeptical of their intentions.
2. Lack of Placement Rate Data: When I asked about their placement rates, they couldn’t provide any specific numbers. Their response was vague, stating only that the rates were “very high.”
3. Ignored Follow-Up Requests: Despite reaching out multiple times for more information, I’ve received no response from them. This lack of communication raises concerns about their professionalism.
4. Payment Model: Their payment model, with a $200 monthly fee and a $200 initiation fee, doesn’t align with industry standards.
Tips To Avoid Being Scammed
To dodge the Boardsi scam and any other type of scam
- Be careful with unexpected emails and video graphics about refunds. If they look weird, have mistakes, or come from strange addresses, watch out.
- Don’t click any links or download stuff from these emails. They could be bad news.
- Check if it’s real by contacting the real folks through their official website or customer service.
- Keep your computer safe with antivirus
Steps To Take If You Have Been Scammed
- Contact your bank or credit card issuer immediately.
- Inform your bank or credit card issuer about the unauthorized transaction and request a chargeback.
- Change your online passwords: If you have shared your password with the scammer, change your password immediately.
- Also be sure to use a strong and unique password for each account.
- Report the scam: You can report the scam to the Federal Trade Commission (FTC) or your local law enforcement agency.
- Check your credit report: Monitor your credit report for any suspicious activity.
- Stay vigilant: Be alert for any other phishing scams or suspicious emails, and do not share your personal information with anyone.
The Boardsi Scam connects people, like mid-level managers, with advisory board roles at companies. Just like AdvisoryCloud They say you can earn money or equity by joining these boards. However, some people have had trouble getting results after paying fees.