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Web Startup Lessons Advice from a CTO and Entrepreneur Home About Startup Advice: When to Use a ConsultingCTO There are not many to be found. Most likely, this is a person who is a serial entrepreneur and was the chieftechnologyofficer for two or more web startups. .&#
George Deeb is the Managing Partner at Chicago-based Red Rocket Ventures , a startup consulting and financial advisory firm based in Chicago. So, a fair split, would be closer to 60/40 in favor of the funding founder, when diluted for the cash. To me, that is no different than financing the business.
Rather, give titles such as VP of Engineering, Product/Technology, Sales, Marketing, Finance, etc. Having too many co-founders will only lead to your eventual dilution. This leaves the CTO / Senior Architect to focus on product development and managing the recently hired engineers. Don’t make everyone a founder.
Technology | Thursdays. Finance | Tuesdays. Financing a Small Business. Office and Operations. Financing A Small Business. Personal Finance. Should You Share Equity with Consultants? Science and TechnologyTechnology. Create an Inc.com account: Subscribe to Inc.coms Free Newsletters.
I got this formula from a big compensation consulting firm. But it is based on a common practive in compensation consulting. This "best value" can be the valuation on the last round of financing. Whatever approach you use, it should be the value of your company that you would sell or finance your business at right now.
Update Link to Questions, Topics and People Add Find Questions, Topics or People Comment Jason Crawford , Co-founder & CTO at Kima Labs 25 votes by Abinash Tripathy , Anon User, Dean Blackburn , (more) Chris Dixon says it all in a post titled "There Are Two Kinds of Pe. more) Sign up for free to read the full text. link] 8/12/15.
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