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And for the record, that’s per month not total in aggregate! Another major hire was Ryan Lissack who joined as CTO. Ryan was not only a senior engineer at Salesforce.com (he ran mobile and also ran content management) but was also my cofounder at Koral and lead architect at BuildOnline.
The solution I’m exploring is a just in time learning methodology that accelerates founders’ learning curve by aggregating relevant content, peers and mentors.&#. They also over-invest in solo founders and founding teams without technicalcofounders despite indicators that show that these teams have a much lower probability of success.
They also over-invest in solo founders and founding teams without technicalcofounders despite indicators that show that these teams have a much lower probability of success. Technical-heavy founding teams are 3.3x Balanced teams with one technical founder and one business founder raise 30% more money , have 2.9x
However, they tend to be extremely difficult to navigate especially if you do not have a cofounder from and/or experience in that country. For e.g. platforms, market places, aggregators, advertising networks… chances are you are a B2B2C company. Indonesia from day one. E.G. Reebonz, BuzzCity, Groupon Singapore etc.
Marc Hedlund of Wesabe talked about this in his post-mortem stating: Between the worse data aggregation method and the much higher amount of work Wesabe made you do, it was far easier to have a good experience on Mint , and that good experience came far more quickly. Discord with a cofounder was one of the most fatal issues for a company.
Post launch, if you gain traction, is where the business person will help take the load off of the technical folks. The business person can take all the meetings while the technical folks work on making the product better. Ron Oh and another factor to bring reality to the table - Sometimes you find out your cofounders suck.
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