1. Life Sci VC discusses the pros and cons of having a Scientific Advisory Board (SAB). They can provide objective, external perspectives and be a conduit for idea exchange. However they can be expensive and sometimes have difficult dynamics if collaborators are involved. It should have 3-5 core members with ad hoc members invited as needed. Nobel Prize-winning scientists may help attract investors, but may not make much of a contribution. It’s good to have a mix of backgrounds and experiences.