How many people, what composition, what work and time commitment, etc. Just start with bullet points.
Also why do you want one? Like an intern, they can be a real painintheass and a bigger distraction than help if you don't have a really good plan.

Jeff,
Thanks for the advice and feedback. I really appreciate it. ^[redacted]‌

Ryan - I attended a talk by Marissa Levin - she's an expert on how to build and get the most out of an advisory board. I read the book she handed out to each participant. Her book - or other similar books on Amazon.com - may be helpful for tips and tricks.

Ryan, my mentor puts together advisory boards for businesses as part of his services. He is very good and knowledgeable and has been doing it for many years. If are interested in an introduction I could make that happen. Feel free to email me if you are interested.

To Jeff's point, I bet this community could better help if you could articulate your objectives for your proposed board. For example, are you looking for industry experience to help source/screen deals in certain sectors, deal or functional experience that complements your own, or something else? Depending on the need it might only be an informal group of experts you call on periodically vs. a regularly schedule group meeting.

Hi Dave,

Thanks for your comment. Yeah, I am looking to build the board so I can have help with deal screening/sourcing. ^[redacted]‌

I mean this in a productive way, but if I understand correctly what you are asking then your question scares me -- the normal answer is call a bunch of people you know, trust, and have a relationship with in the industry you are looking at and ask them to join your board -- should take about 10 minutes tops. These are the people you have worked with in the past who were great mentors, knew the industry, have great business instincts, etc. -- those people that you worked with in the past and said "he/she would be really knows whats going on in this industry and is great to work with." If you can't find that group of ~3-6 people who fit that criteria then I would seriously question whether putting in money with a personal guarantee is really a good idea. In this case, if I read correctly, you are also looking to build a board because you need help screening deals,in other words you either don't trust your own analysis or don't have your "finger on the pulse" of the industry. That worries me even more. Perhaps I am reading too much in, and I'm not trying to be Debbie Downer or question your ability, just pushing you to do more work on really being part of the industry and building your network ion the industry.

Ryan - we just launched a platform that enables investors to connect with relevant advisors. I'd be happy to get you access to it to test drive and provide us feedback....let me know.

Ryan - how did you make out with you advisory board? I am just beginning the process of forming an advisory board