This study examines the perceived contributions of external boards to the survival and success of high-tech start-ups from a resource dependency perspective. Existing research on the role of boards has nearly exclusively focused on large firms. What is less clear from the extant literature, however, is the extent to which external boards are actually valued by start-up teams. Our paper addresses the following research question: To what extent can the degree of resource poorness of high tech start-ups explain the contribution that boards make?