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As Finance Fridays continues, we are introducing the concept of the CapTable. Jane and Dick, our fearless cofounders of SayAhh, have set up an accounting system and created their first set of financial statements. This week they set out to create their captable and hire a CTO. Time to update the captable.
He can be technical, but he must be able to wield the tools of influence. What you don’t know Business founders who don’t code use bad proxies for picking technical co-founders (&# 10 years with Java!&# ). Technical founders who don’t sell also use bad proxies (&# Harvard MBA!&# ). Check out the free samples.
I’ve talked with a number of software development shops who are eager to get into the business of cofounding companies, i.e., getting product revenue and equity instead of just consulting revenue. The question is: how should they be compensated when cofounding a company? equity that belongs to departed cofounders)?
Our categorization is not a technical one. This structure allows for alignment on the front end, and real-time flexibility for performance metrics,” says Samira Salman , a family office investor and advisor. . Early-stage: Cofounder with engineering/ product background from top-tier university or major technology company.
Wellington UniVentures’ latest deep-tech spin-out, Advemto, cofounders Professor Justin Hodgkiss (left) and Peter Lai. When the time comes to put together a captable, Pierre explains it’s a discussion between the university, its commercialisation office, company founders and investors. “We
His experience at Flexport; his pay-it-forward nature; and his friendly user interface, made his a desirable angel/advisor for startups. HW: I know from experiences within the Homebrew portfolio that you were doing some angel investing already, as well being very generous with your time as a formal/informal advisor to founders.
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