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A Part-Time CTOTechnology. Flexibility - You won’t need to commit to something, either cash, equity or involving other people, upfront. Cons: Money - Unless you have cash to pay, the pool of developers willing to work for equity is small. Access - Good developers are tough to find. In Plain English.
” I believe that by this he means they want cash rather than equity. My hunch is that most good software engineers only work for cash because they don’t feel that working for equity is worth the risk of failure. They can make good money consulting or working as an employee of another company. I refused and he left.
Equity-Only CTO and Equity-Only Developers - SoCal CTO , November 1, 2010 I had a recent email dialog with the founder of a company looking for a CTO for their startup. can feel you now—corporate recruiters at career fairs, sending offer letters to work at banks and consulting firms. What went wrong?
Not surprisingly, the list above also is ranked from least to most equity stake in an investment for the investor, relative to the cash they invest. How would one set up such a startup to eventually raise capital from outside VCs, who will be wary of ‘dead equity’ (i.e., equity that belongs to departed cofounders)? The cliffs?
But as any programmer will tell you (I’m one), any lucrative contract or full time job you can get, especially these days, will usually leave you so burnt out by the end of the day that the last thing you will want to do is sit down and bang out more code. This happens a lot. Better still, write your own post :) Ron Amen.
" => I have not bothered to put up a landing page, survey to test customer demand, or done any customerdevelopment whatsoever. "Where is the best place to find a rockstar developer to bring it to life?" Developer, engineer, CTO, or technical co-founder? This person does not exist.
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