Some good advice has already been posted. I would suggest advisory board at most (be clear about the reason for inclusion of each person, carry no ballast, give

Some good advice has already been posted. I would suggest advisory board at most (be clear about the reason for inclusion of each person, carry no ballast, give them something to do), an option to take a 1st look at an early investment round (without defining price, which would be meaningless anyway at this point). Although dull and unexciting you may find your local equiv of NVCA, BVCA etc has some good documents to help you. Most important of all is that an advisor should earn their spot. There’s no shortage of “room meat” who will happily sign up to “advise” a dozen companies while providing zero real value to you or your company. Good luck.