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Development Team ReviewDue DiligenceSoftware Review
Many CEOs of software-enabled businesses call us with a similar concern: Are we getting the right results from our softwareteam? We hear them explain that their current softwaredevelopment is expensive, deliveries are rarely on time, and random bugs appear. What does a business leader do in this situation?
Both of these schemes use the tax code to make it more attractive for high-net-worth individuals to invest in startups. These two developments combine to make startup investing much more exciting than it ever used to be and we have seen a massive increase in the number of individuals who want to be angel investors.
To explain the difference, let’s take me as an example: I’m a software entrepreneur, and, in recent years, a member of an angel investment group. I get involved in detail when the group is looking at startups in software, web, mobile apps, or financial forecasting. It’s reviewed and revised frequently.
Investors use a consulting CTO for technical duediligence. A consulting CTO is an expert on the current state of the technology and can suggest the most appropriate development platform for your business. Ask developers if they’ve been involved with a previous web startup and what their role was in the startup.
The right sort of person is so passionate about coding, they can’t be stopped from doing it. But every day spent in that kitchen is a day NOT spent in a real kitchen, learning how to cook real food, and write real code. Full discloure, I am a former PHP, Perl, ColdFusion, ActionScript, VB.NET, ASP.NET and C# developer.
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