We had our first meeting with our business advisor today. He’s really awesome and generous with his time. He’s a co-founder of an angel investment group, and will be a great asset to help us get off the ground. We gave him our business plan for his review to see if we are on the right track.
We also learned a lot. It was almost too much to put down. One of the highlights that came up was putting together an “advisory” board. This is simply a group of people that are support of your business idea, and can bring something to the table (so to speak), either experience in a particular industry or other useable skills. At the beginning, they will not be anything more than advisors/supporters, however, in the future, there is a possibility of either stock or other investment opportunities.
I already named my friends Eric Bram, and Dariush Derakhshani to the board. Both have already been extremely supportive.