One of the first things every startup should do is form an advisory board.

An Advisory Board is a magical mental construct that gives you access to all of the skills and experience you need but don’t have. It’s an excuse to regularly talk to smart people without paying them very much and if you’re not doing it then you’re leaving your best player on the bench.

Kate Putnam is an angel investor and helps lots of founders as an advisor.

After a quick introduction Kate is going to talk about what it means to be on an advisory board and how companies can benefit. We’ll talk about how to find advisors, how to compensate them, and the difference between an advisory board and a board of directors.