Board of Advisors

Board of Advisors

A Board of Advisors is most valuable early; at the angel or seed stage, and less crucial later. This is because potential investors in early stage entities frequently like to see advisors in place.  A Board of Advisors typically includes Advisors of various types (business technological market etc.) as well as attorneys; including intellectual property experts.  It is not really a cohesive group or actual “Board”; but a set of advisors that are used (usually separately) as deemed necessary by the CEO.

Investor Presentation – Boards and Advisors

The Boards and Advisors section/slide of an Investor Presentation should address:

  • Board of Directors (most startups do not have a complete Board in place prior to an A Round).
  • Board of Advisors; the Company should have written contracts with advisors addressing cash and equity compensation and describing vesting schedules for equity based compensation.
  • Legal advisors including IP experts
  • The corporate structure, needs to be described here or elsewhere.


Develop maintain and expand/contract Boards as you do any other resource; have the functionality match your need.

John Gale’s White Paper on Business Plans is Available for Download

This Post was originally based on a portion of John Gale’s White Paper, Startup Presentations to Angel/Seed Stage Investors and Partners: Recommendations for Best Practices  This White Paper can be downloaded from:

  • The Business Plans page on this Website
  • It can also be downloaded from this page on the Angel Capital Association website.  The Angel Capital Association is the leading professional and trade association supporting the success of (US) angel investors in high-growth, early-stage ventures

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