article thumbnail

How to Hire a Remote Software Development Team

ReadWriteStart

Hence, this article will explore the concept of remote software development teams, their advantages, and how they differ from dedicated teams while providing a step-by-step guide on building your own remote dream team. What is a Remote Software Development Team? Now, let’s delve in. Incredible, right?

article thumbnail

Startup Runway Length Depends on Your Burn Rate

Startup Professionals Musings

As a rule, you need to review your burn rate every month, and manage it every day. When I was interviewed for my first startup CEO job, I was expecting a $150,000 salary, but instead was offered an opportunity to contribute $50,000 to the business, and work for equity only. The components are simple - expenses and income.

Burn Rate 232
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

High Burn Rates Result in Short Startup Runways

Startup Professionals Musings

As a rule, you need to review your burn rate every month, and manage it every day. When I was interviewed for my first startup CEO job, I was expecting a $150,000 salary, but instead was offered an opportunity to contribute $50,000 to the business, and work for equity only. Investors assume it will only go up with more funding.

Burn Rate 231
article thumbnail

The evolution of early stage investing in the UK

The Equity Kicker

We see this all the time at Forward Partners where we invest right from the idea stage and most of the companies get a first version of their product live for less than £30k (that generally includes founder salaries and time spent doing customer research). Forward Partners and Crowdcube are both attacking elements of these problems.

article thumbnail

12 ways to get your business development and tech teams on the same page

The Next Web

Here’s a problem I bet every non-technical founder has experienced: the communication gap between what the biz dev team wants and what the tech team thinks they want, and vice versa. You need to build trust between these teams. This makes people more aware of what their team members are up to and creates more harmony.

article thumbnail

Equity-Only CTO and Equity-Only Developers

SoCal CTO

Was it a Startup Founder Developer Gap ? Did they really need a Startup CTO or Developer or both? Did they have a Weak Development Team ? However, when I told him that the level of engagement required from me and the fact that equity-only development was required, he seemed to be a bit offended.

article thumbnail

How to Build a Winning Team: Strategies for Employers

The Startup Magazine

Transparent Pay and Benefits To combat ‘quiet quitting’, a phenomenon where employees disengage from their work without formally resigning, consider aligning salaries and pay structures with hard work by offering bonuses or raises to retain valuable employees.