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I was asked by a reader how much equity he should give out to early employees and to service providers in a very early stage startup. Founders vs. Early Employees To help with this discussion, let me start with a definition of "early employee." I'll get to service providers in a later post. n = (1.2 - 1)/1.2 =.167.
Based on my posts StartupCTO or Developer and Acting CTO , Chris O’Meara wrote an interesting post StartupCTO: Could It Work? Chris starts with a description of the person that pretty much every startup is looking for: Their primary characteristics are deep technical skills and a hacker mentality.
I received a great question via LinkedIn: I'm the founding engineer and working hard to launch my startup. I seem to encounter a lot of people who want to attach a CTO label to me as I'm the only programmer on the founding team of three. I've previously addressed the role of a CTO in early-stages in my post StartupCTO or Developer.
I was just asked about a particular startup situation (seed stage, CMO hire, non-founder) and particularly what compensation and equity is appropriate. Quick & Dirty How-To: Employee Stock Option Allocations Seed Stage Compensation What are typical compensation numbers?
I had a recent email dialog with the founder of a company looking for a CTO for their startup. Was it a Startup Founder Developer Gap ? Did they really need a StartupCTO or Developer or both? And do I fit as a Part-TimeCTO , Technology Advisor , CTO Founder , Acting CTO ?
The reason is that good attributes apply equally well to “external” partners, as they do to internal partners, like a co-founder or CTO. A good overall example is the synergy between Google co-founders Sergey Brin and Larry Page, as well as long-time Executive Chairman Eric Schmidt. Carry minimal historical baggage. Marty Zwilling.
We all like to think of startups as “non hierarchic&# organizations and to some extent that should be true. I never built a Google-sized business but I did build an organization from scratch that grew to 120 employees in 5 countries before we sold it. I see two common mistakes in companies (not just in startups, in fact).
Lessons Learned by Eric Ries Tuesday, September 30, 2008 What does a startupCTO actually do? Often times, it seems like people are thinking its synonymous with "that guy who gets paid to sit in the corner and think technical deep thoughts" or "that guy who gets to swoop in a rearrange my project at the last minute on a whim."
A while back I talked about how and where to find a co-founder in “ Ten Steps in Choosing the Right Startup Partner ”. The feedback was good, but some readers asked me to be a bit more specific on attributes that might indicate an ideal startup partner. Partner decisions are more important than hiring decisions.
I think I’ve read Paul Graham’s post on “ Startup = Growth ” three or four times now. “The growth of a successful startup usually has three phases: There’s an initial period of slow or no growth while the startup tries to figure out what it’s doing. So I like that bit, too.
A while back I talked about how and where to find a co-founder in “ For a Startup, Two Heads are Always Better Than One ”. The feedback was good, but some readers asked me to be a bit more specific on attributes that might indicate an ideal startup partner. Partner decisions are more important than hiring decisions.
It’s your startup, so you can give early partners any title you want, but be aware of potential investor and peer implications. VCs and Angel investors like to see a startup that is running lean and mean, with no more than three or four of the conventional C-level or VP titles. Chief Sales Officer (VP Sales). Chief Brand Officer.
Startups are hard. You’ve heard that a million times. The truth is you really don’t know how your teammates or your bosses will perform in good times and bad. The truth is you really don’t know how your teammates or your bosses will perform in good times and bad. You hire people who look good on paper.
The reason is that good attributes apply equally well to “external” partners, as they do to internal partners, like a co-founder or CTO. A good overall example is the synergy between Google co-founders Sergey Brin and Larry Page, as well as long-time Executive Chairman Eric Schmidt. Carry minimal historical baggage. Marty Zwilling.
A while back I talked about how and where to find a co-founder in “ For a Startup, Two Heads are Always Better Than One.” The feedback was good, but some readers asked me to be a bit more specific on attributes that might indicate an ideal startup partner. Partner decisions are more important than hiring decisions.
It’s your startup, so you can give early partners any title you want, but be aware of potential investor and peer implications. VCs and angel investors like to see a startup that is running lean and mean, with no more than three or four of the conventional C-level or VP titles. Chief Sales Officer (VP Sales). Chief Brand Officer.
they need a developer more than they need a CTO. I just had a fellow CTO ask me about a particular technical design problem and several directions they could go and ask for my thoughts on the tradeoffs for those different choices. I just want the cost, timeline and impact. But my developers want to go into way too much detail.
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.
This is part of my Startup Advice series. So the efforts by Andersen Consulting amounted to “rolling out the red carpet when the employee was on the way out the door.&# Many employees feel that they aren’t listened too, aren’t challenged or aren’t recognized for their hard work.
A week ago I talked about how and where to find a co-founder in “ How to Select an Ideal Startup Co-Founder ”. The reason is that good attributes apply equally well to “external” partners, as they do to internal partners, like a co-founder or CTO. Partner decisions are more important than hiring decisions. No historical baggage.
Although noteworthy, working with large corporations differs remarkably from working with startups. While the appearance matters, remember you are hiring the development firm primarily for its development skills, not its graphic design skills. What are the employees and contractors' skills? cto , product , saas
It’s your startup, so you can give early partners any title you want, but be aware of potential investor and peer implications. VCs and Angel investors like to see a startup that is running lean and mean, with no more than three or four of the conventional C-level or VP titles. Chief Sales Officer (VP Sales). Chief Brand Officer.
For decades large companies have gone shopping in Silicon Valley for startups. What can companies learn from others’ failed efforts to integrate startups into large companies? The answer - there are two types of integration strategies, and they depend on where the startup is in its lifecycle. The Innovation Portfolio.
As you find your footing and begin to scale, you might feel ready to hire a formal executive team. What’s right for one company may not make sense for another, but the goal is always the same — to hire talent that will ultimately help the business thrive. When is the right time to hire an executive team?
. — Unremarked and unheralded, the balance of power between startup CEOs and their investors has radically changed: IPOs/M&A without a profit (or at times revenue) have become the norm. The startup process has become demystified – information is everywhere. Hire a CEO to Go Public. Board Control.
He has grown our US operations from 1 employee (him) to a global organization of 75 employees that will finish the year with 8-digit revenues (90+% recurring) and more than 350% year-over-year growth. In his spare time he raised nearly $30 million. Startup Advice' He is very pleasant when he calls and writes.
Hiring the wrong person for key company positions can cost a business thousands — or tens of thousands — of dollars and man hours. This is especially true when it comes to tech companies hiring the wrong chief technology officer. Leadership Abilities Are A Must It’s natural to want a tech savvy and competent CTO.
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 StartupCTO. He blogs to 10,000 web entrepreneurs at Software by Rob and co-hosts the podcast Startups for the Rest of Us. The Dry Run.
So many tech startups begin the same way: One founder, one dream and a plan to make it happen. Most businesses stay that way - there are many more solo entrepreneurs than business owners with employees. But to succeed, most startups need a much broader set of skills and experience. It’s worth spending time on recruiting.
A while back I talked about how and where to find a co-founder in “ For a Startup, Two Heads are Always Better Than One ”. The feedback was good, but some readers asked me to be a bit more specific on attributes that might indicate an ideal startup partner. Partner decisions are more important than hiring decisions.
I’m looking to turn dots into lines over time. I’m inspired by the enthusiasm of the young, emerging startup ecosystem that is here. And I think about the “Seattle issue&# as a metaphor for startups and business in general. There’s you and your killer CTO co-founder.
One of the first potential advisors I reached out to was someone who 10 years earlier tried to hire me as the VP of Marketing of his new division at Sun Microsystems. For lots of reasons that never worked out, but I liked him so much that the following year I tried to hire him as the VP of Engineering of Ardent. (He But I was crushed.
Great content again in September that meets at the intersection of startups, technology, product and being a StartupCTO. Chris Dixon , September 12, 2010 My most useful career experience was about eight years ago when I was trying to break into the world of VC-backed startups. Why You Should Write. Status / reputation.
Much has been written about when it is time to hire a “professional CEO” to run a startup company and of course that has long been a norm in Silicon Valley when founders find that their inexperience may be a limiting factor in company growth ( know as the Peter Principle ). Startup Lessons'
Guest Post by Misti Yang, Writer for Lean Startup Co. Editor’s Note: We wrapped up the 2017 Lean Startup Week in San Francisco just a few weeks ago, and we’re excited to share with you some of the best lessons learned in entrepreneurship and corporate innovation. Because these Lean Startup people, they do crazy stuff,” Alex joked. “So
Guest post by Lisa Regan, writer for The Lean Startup Conference Eleven months in the making, the full schedule for The Lean Startup Conference is at last complete, and we can’t wait to show you around! For first-time attendees, this conference offers a complete introduction to Lean Startup.
A week or so ago, we launched the Key Hire Wire at First Round. If you know of senior level business and technical professionals looking for exciting startup opportunities, they can sign up here. If you know of senior level business and technical professionals looking for exciting startup opportunities, they can sign up here.
Most of the startups we’ve backed at Homebrew don’t rush to announce their funding. Contrast this to just a few years ago when it seemed every startup was jumping up and down to shout about their initial raise. Hiring Has Changed: Before the press was a way of generating interest for hiring.
It’s your startup, so you can give early partners any title you want, but be aware of potential investor and peer implications. VCs and Angel investors like to see a startup that is running lean and mean, with no more than three or four of the conventional C-level or VP titles. Image via Wikimedia Commons. Chief Brand Officer.
Guest post by Lisa Regan, writer for The Lean Startup Conference The Lean Startup Conference is next week--and now that we can step back and see all the speakers and mentors, we have to say: Wow. Ben Horowitz ’s book The Hard Thing About Hard Things is driving the conversation around startup management this year.
The reason is that good attributes apply equally well to “external” partners, as they do to internal partners, like a co-founder or CTO. How the leaders of your company handle adherence to the spirit as well as the letter of the law will be seen by all employees, customers, and investors. Carry minimal historical baggage.
Here are their breakdowns of the costs and time investments to create 10 of the world’s hottest startups. Therefore, if you want to bring an MVP ( Minimum Viable Product ) to market, Werdelin approximates that you’ll need $50,000 to $250,000 , depending on the skill sets of the developers and designers you hire. 1) Twitter.
That’s what a couple of my friends – engineers at Google and Bloomberg who have been following the rise of startup culture with intrigue – told me recently. They were referring to non-founder engineers, most commonly the first hire for technology businesses. These common shares are granted to founders from the beginning, not employees.
Every Tech Startup Needs a Chief Technical Officer. 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). CTOEmployee (Salary).
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