Most of your questions are answered here: http://news.ycombinator.com/item?id=105144 http://news.ycombinator.com/item?id=105144 PG has a response to advisory b

Most of your questions are answered here: http://news.ycombinator.com/item?id=105144 http://news.ycombinator.com/item?id=105144 PG has a response to advisory boards. Don't give them any compensation unless you're setting up a formal board of directors. If you're doing that, Guy Kawasaki in his book describes a board as having these types of people: 1) Customer- someone who understands your target market 2) Geek- Reality check guy for dev, and the tech expert 3) Dad- calming influence on the board, experience and maturity 4) Tight-Ass= The person who pushes for totally legal and ethical practices. 5) Jerry Maguire- Mr. Connections who can help you with whatever problem you have. As always, as long as your products are taking off, everything else will fall into place.