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I had a recent email dialog with the founder of a company looking for a CTO for their startup. Did they really need a Startup CTO or Developer or both? And do I fit as a Part-TimeCTO , Technology Advisor , CTO Founder , Acting CTO ? He needed some kind of CTO and as well Developers.
I generally am working as an acting CTO for about 3-4 start-ups or other companies at any one time. I also found this interesting graphic of the changing needs around the CTO role in different size/type companies that somewhat echoes my experience. During Stabilization, often the focus is transitioning to a full-timeCTO.
I received an inquiry from a reader of my blog and thought I would provide some thoughts, but would definitely welcome input: I am an unpaid CTO of a small startup. I have been working full time with two founders for about 10 months on full time basis. They both would have lots of thoughts and ideas. What type of shares?
I received an inquiry from a reader of my blog and thought I would provide some thoughts, but would definitely welcome input: I am an unpaid CTO of a small startup. I have been working full time with two founders for about 10 months on full time basis. They both would have lots of thoughts and ideas. What type of shares?
Building a new business is quite different from an executive role in a mature company, so people from these backgrounds are often a liability. Value is embodied in previous success with investors, proven problem solving ability, and having built and executed a businessplan with minimal resources.
It’s true the some VCs have started writing so many checks that they resemble stock pickers but the majority of us still have less than 10 board seats at any time and tend to go pretty deep so the result is that we care deeply about where we commit our time. Meredith came to see me along with the CTO Marc Berte.
You’re sales person is getting blocked by the CTO who says she shouldn’t go above him but the CTO isn’t approving the deal. But “he didn’t have the budget to hire a developer until he had raised money!&#. When he re-approached me he had a much better plan and he had a prototype!
Some great posts from April 2010 that talk to me in terms of being a CTO at a Startup. Redeye VC , April 13, 2010 Startup Development - SoCal CTO , April 23, 2010 Want to Know the Difference Between a CTO and a VP Engineering? Ben Casnocha: The Blog , April 15, 2010 Everyone I spoke with loved the idea.
Background This post partly really came about as a result of a great conversation yesterday with David Croslin a former CTO at HP who recently conducted an interesting experiment. This is actually fairly common and I think it’s a bit challenging in that the technology roles (from technology advisor to CTO) in a startup vary widely.
Talk and time are cheap, but they need to understand that investors judge past results as a good indicator of future expectations. Here are some tips which will signal traction and fundability to investors, as well as to your team: Document your businessplan. Build qualified advisory board.
Hire a CEO to Go Public. The VCs would hire a CEO with a track record who looked and acted like the type of CEO Wall Street bankers expected to see in large companies. — all great things when you are executing and scaling a known business model. If the founder was lucky, he got to stay as chairman or CTO.
In my post, Technology Roles in Startups , I described some of the different ways I engage with startup companies such as CTO Founder , CTO , Part-TimeCTO , Acting CTO , Consultant, Advisor and Advisory Board Member. And don’t confuse having a CTO with getting an Technology Advisor.
Talk and time are cheap, but they need to understand that investors judge past results as a good indicator of future expectations. Here are some tips which will signal traction and fundability to investors, as well as to your team: Document your businessplan. Build qualified advisory board.
Building a new business is quite different from an executive role in a mature company, so people from these backgrounds are often a liability. Value is embodied in previous success with investors, proven problem-solving ability, and having built and executed a businessplan with minimal resources.
Building a new business is quite different from an executive role in a mature company, so people from these backgrounds are often a liability. Value is embodied in previous success with investors, proven problem-solving ability, and having built and executed a businessplan with minimal resources.
Talk and time are cheap, but they need to understand that investors judge past results as a good indicator of future expectations. Here are some tips which will signal traction and fundability to investors, as well as to your team: Document your businessplan. Build qualified advisory board.
In order to be a successful tech startup, the team must consist of a Chief Technical Officer (CTO) level member to help with the technology plan. This is generally achieved in one of the following ways: CTO Level Co-Founder (Equity). CTO Level Board Member or dedicated Adviser (Free or Equity). CTO Employee (Salary).
Building a new business is quite different from an executive role in a mature company, so people from these backgrounds are often a liability. Value is embodied in previous success with investors, proven problem solving ability, and having built and executed a businessplan with minimal resources.
Talk and time are cheap, but they need to understand that investors judge past results as a good indicator of future expectations. Here are some tips which will signal traction to investors, as well as your team: Document your businessplan. Of course, a real contract or purchase order from a big customer is even better.
Businessplan competitions are the air guitar championships of the startup world. This is the case when the requirements of these events don’t actually include building a real business or product. Not only that, there’s a hugely disproportionate amount of time spent on pitching for money for these paper ideas.
500|5000 Conference Honorees Resources Press Apply 2011 ); Topics > Leadership and Managing > Human Resources > Job Descriptions > How to Hire a CTO When its time to add a technologist to your slate of executives, what are the best practices to follow? Some companies have a CTO focused on operations under the CIO.
Think about your playbook from the perspective of a new hire. In a businessplan, key questions are answered in an executive summary. The answers inform investors so they can understand what they’ll learn and decide whether to read the rest of the plan. What information do they need to execute a task immediately?
One recipe for failure (business failure and capital raising failure) is building a lopsided team weighted to one function of the business. Don’t hire people with skills and qualifications similar to yours. Hire based on functionality and avoid having too many C’s. Hire a diversified base of sales reps.
He started his first business at age 15 and ran it until he went off to college at UC Berkeley. When Gleb was in business school at Berkeley he founded NetRelevance – his professors liked his businessplan so much that they used it in the Haas School of Business as a teaching tool. Sometimes I’m wrong.
by Steve Owens, Founder and CTO of Finish Line Product Development Services. The lean start-up movement has been based on a single insight – which the purpose of a start-up is to discover a business model that works. You will necessarily have to spend time recruiting new skill sets, setting up new procedures, labs, IT, CAD/CAM, etc.
Building a new business is quite different from an executive role in a mature company, so people from these backgrounds are often a liability. Value is embodied in previous success with investors, proven problem solving ability, and having built and executed a businessplan with minimal resources.
Share this: chief technical officer chief technology officer cto interim cto job description start-up startup cto web cto Weve been swapping some thoughts with Daniel Kehoe , a consulting CTO acquaintance of ours from across the pond. Some companies look for a more strategic or a more hands-on CTO.
The elements of the decision making process are 1) Idea; 2) BusinessPlan Preparation; 3) Domain Expertise; 4) Commitment and Risk; 5) Responsibilities. BusinessPlan 2 3 6 8 16. I was originally hired as a contractor, developing a SaaS app from scratch, including DB design and coding. Idea 7 10 70 3 21.
I did the earliest bplans.com sites myself, in my spare time, while running a company growing about 50% per year. In 1997 we hired an NYU undergrad to create a better bplans.com site, focusing on businessplanning and especially publishing sample plans. He worked for us remotely from New York.
So one of the first things we did was to hire an Oracle expert and get to work. Some combination of the dot-com crash and a just terrible businessplan prevented us from having to take our scalability problems to the next level. I was building a new startup in 1999, and wanted to do it right.
Entrepreneur Homepage Startups Starting a Business Home How-To Guides Startup Basics Business Ideas BusinessPlanning Startup Financing Success Stories Home-Based Business Starting a Business Play Video How to Take a New Product from Just an Idea to a Business (Video).
Step 1: Start with a lean plan. Instead of sitting down to write a 40-page businessplan, start with a one-page pitch. It’s the fastest way to get your idea onto paper, and it’s the very first step in the lean planning process, which is much easier and more iterative than traditional businessplanning methods.
See Also: How Not Doing Market Research Sunk My Business. Don’t just do it to fill in a section of your businessplan. Do it because it will greatly reduce risk as you start your business. Detailed market research isn’t necessary for all businesses. Bureau of Labor Statistics: Another U.S.-centric
If you start framing the technology solution, then you’re not looking for a CTO or a tech co–founder, you’re looking for a contractor or employee to implement that solution, which is perfectly fine if you know what you’re doing. If yes, hire a contract developer. Tuesday, August 17, 2010 e.p.c.
aka: An Open Letter to the Next Big Social Network) - 500 Hats , November 1, 2010 I've held off writing this post for a long time, because I couldn't quite get my head around all the issues. In my experience, the iceberg part of a code iceberg often involves handling of a lot edge cases. Call it facts for hire. You got it.
August was a slow month in terms of traffic and I was away for a lot of the month, but there were some really great posts at the intersection of startups, technology, product and being a Startup CTO. Every time I see my graduate students try to teach for the first time, it’s usually so painful I bite my lip. The Dry Run.
Corporate business development and strategic partner executives are flocking to Silicon Valley to find these five types of innovation. In response, venture capital firms like Sequoia and Andreessen/Horowitz are hiring new partners just to work with their portfolio companies and match them to corporations.
Web Startup Lessons Advice from a CTO and Entrepreneur Home About Startup Advice: When to Use a Consulting CTO There are not many to be found. He or she might call himself a “consulting CTO,&# “freelance CTO,&# “on-demand CTO,&# “CTO on call,&# “CTO for hire,&# or just a “technology strategy advisor.&#
After a few months, the demo site won a businessplan competition. Eventually I was able to scrape up a few bucks and hired Sarah to build me a website prototype. That prototype is now something I use everyday to run my recruiting business. Also hire offshore devs to assist you in building your product. Interviews.
She is regularly invited to participate as a judge for businessplan competitions, as well as speak on topics including entrepreneurship, angel investing, social media, and authentic self promotion. Needless to say, the webinar was absolutely packed with great tips on what it takes to pitch your business so that investors take notice.
My Mama, the founder of Yuca’s Hut in Los Feliz, CA, didn’t allow a lack of college degrees or a businessplan to deter her from launching her dream. It’s an important quote for employees and business owners to internalize, because a company is people working toward success. It says it all right there.
If you are a creative guy with a good head for business looking for an engineering partner, send me a summary of your idea and businessplan, and I'll do the implementation!" you can steal an idea just from hearing it, it is not really a good defensible business idea. Yishan Wong • Nov 8, 2010 lol.if
Update: The end is near, Expensify is hiring a.NET programmer! As you might know, we’re hiring the best programmers in the world. If you are a startup looking to hire really excellent people, take notice of.NET on a resume, and ask why it’s there. Expensify Blog. Expense Reports That Don't Suck. Sjoerd Franken.
A startup is all about "execution" - meaning the equity should be allocated based on the value that each partner brings to the table in each of these dominant variables: Experience running a startup business. Sacrifice and time commitment. Who will be the CEO, CFO, and CTO?
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