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Most of what I learned about operating startups I learned from the really tough years at my first company from 2001-2003. My company had raised venture capital in April 2001 but we were told that there may never be any more coming. I learned how to do a pipeline review with sales people without getting bullshitted to.
Investors use a consulting CTO for technical duediligence. Also, working with a consulting CTO will prepare you for finding and selecting a permanent technology partner. Avoid delay by using a consulting CTO on a short-term basis while you are searching for a permanent technology partner.
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