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I always tell entrepreneurs that two heads are better than one, so the first task in many startups is finding a cofounder or two. Giving a cofounder a salary won’t get you the “fire in the belly” you want. Each cofounder should get equity for value, based on these key variables: Lived a key role in a previous startup.
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 cap table and hire a CTO. Jane and Dick want to bring in their friend Praveena as CTO, but they don’t know how to structure the compensation.
Anyone who reads this blog frequently will know that I am a big believer in low-cost video content and specifically the power of YouTube as a content creation & distribution platform. Our industry just took one big step towards legitimacy with the hiring of renowned media exec Ynon Kreiz to run Maker Studios.
skip to main | skip to sidebar SoCal CTO Thursday, March 22, 2007 Discussion Creation Among Bloggers - LinkedIn, Blogging and Discussion Groups Ive been participating in a Yahoo Group that are users of LinkedIn and who are Bloggers: [link] Its an interesting group of folks from diverse backgrounds. See Five Things Meme as an example.
The negativity either impacted investment funding (venture capital fell off a cliff in 2009) or the customers they were targeted as was the case for Untitled Partners who were building a platform for fractional art ownership. Discord with a cofounder was one of the most fatal issues for a company. 3 – Not the right team.
Inevitably, the excuses begin: I need to hire people to build the product. 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. I don’t know any developers.
Find Questions, Topics and People Add Question Add Question Non-Technical Co-Founders Co-Founders Technical Co-founders Finding Co-Founders Startups & "How Important Are Ideas?" Developer, engineer, CTO, or technical co-founder? Maybe, dear asker, you do not need a technical "co-founder" at all.
Pierce Burnette knows the meaning of “humble beginnings” and has combined her intelligence quotient (IQ), emotional intelligence (EQ), entrepreneurial spirit, and technical knowledge to forge successful careers in engineering, information technology, and education. She is committed to improving representation in Austin’s technology landscape.
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