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They were referring to non-founder engineers, most commonly the first hire for technology businesses. A reason might be that negotiation techniques are not a part of their training. Captables sound intimidating. Every time a startup raises capital, all common shareholders are diluted.
Home About Press IA Capital Partners Archives After 17 years in M&A, Derivatives and Trading, Im spending my time with young entrepreneurs in and around financial technology and digital media. Main February 23, 2010 Advice for CTO Founders: Dont Let Business Kill the Business Founding a technology company is an amazing thing.
If the founding team is non-technical and you can’t figure out whether you are being screwed by your developers or whether your potential new CTO is amazing, a tech advisor can help by joining you in interviews and reviewing commits. You’ll need to keep hiring tech guys. And sometimes it’s super ambiguous.
Partnering with a source of capital, connections, and expertise for a large equity chunk is often worth it in those scenarios (e.g., I spoke with Thatcher Bell , Managing Partner, CoVenture. Help identify key technologist and product hires to transition in-house (week 13 onward, however this can take 1 year). Rock Health).
Saga says they’re a ‘return to tradition’ and the trio of founding Managing Partners are committed to the craft and to one another. HW: As Flexport grew and created a leadership team, how did you decide about promoting from within versus hiring from the outside? See you on some captables! Thanks Ben!
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