Notes by Narsi
There is little doubt that mentorship by experts and veterans can make a big difference to startups. The challenge is to get these mentors commit quality time, something I have seen to be a significant challenge, especially if the mentors have no tangible gains from the exercise.
You will be correct if you feel that most mentors perhaps are quite well off that they are not doing this for money. But I can tell you getting committed hours is not easy from them - so, if it is not money, then it has to be something else other than pure motivation that we should rely on.