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I talk to roughly 2 or 3 new startups every week who need advice from an experienced CTO. Of course, I provide part-time CTO services. But the reality is that I engage with about 5 new startups each year which means that I end up working with less than 5% of the startups where I provide these free consulting sessions.
I talk to roughly 2 or 3 new startups every week who need advice from an experienced CTO. Of course, I provide part-time CTO services. But the reality is that I engage with about 5 new startups each year which means that I end up working with less than 5% of the startups where I provide these free consulting sessions.
The feedback was good, but some readers asked me to be a bit more specific on attributes that might indicate an ideal startup partner. In this context, I’m broadening the definition of partner from co-founder to “business partner.” You may be too independent to be partner material. Does not need to be managed.
Understanding where your VC partner sits in their respective fund and where their fund is in the cycle of its investment lifecycle will help you understand your VCs behavior. Trust me – that kind of encounter can mean the difference between securing a contract, protecting yourself from getting turfed or getting acquired one day.
I’ve worked with 30+ early-stage companies in all sorts of capacities (and spoken to many, many more), so I thought it might be worthwhile trying to classify the various ways that I’ve engaged in different technology roles in startups. important planning meetings or partner meetings). However, I’m always doing this part-time.
Make sure your plan answers every relevant question that you could possibly imagine from your business partners, spouse, and potential investors. A CEO who has “been there and done that” is traction, especially if teamed with a financial lead (CFO) and a product lead (CTO). Set realistic milestones and achieve some.
Make sure your plan answers every relevant question that you could possibly imagine from your business partners, spouse, and potential investors. A CEO who has “been there and done that” is traction, especially if teamed with a financial lead (CFO) and a product lead (CTO). Set realistic milestones and achieve some.
Make sure your plan answers every relevant question that you could possibly imagine from your business partners, spouse, and potential investors. A CEO who has “been there and done that” is traction, especially if teamed with a financial lead (CFO) and a product lead (CTO). Set realistic milestones and achieve some.
His goal was to find a programmer who would come in as an early partner and work as an Equity-Only Developer. At that point, you can't really just try to find someone to build it on the side, do equity only, etc. Ask a few CTO type people. Or ask me Free Startup CTOConsulting Sessions.
Make sure your plan answers every relevant question that you could possibly imagine from your business partners, spouse, and potential investors. A CEO who has “been there and done that” is traction, especially if teamed with a financial lead (CIO) and a product lead (CTO). Set realistic objectives and milestones.
His goal was to find a programmer who would come in as an early partner and work as an Equity-Only Developer. At that point, you can't really just try to find someone to build it on the side, do equity only, etc. Ask a few CTO type people. Or ask me Free Startup CTOConsulting Sessions.
George Deeb is the Managing Partner at Chicago-based Red Rocket Ventures , a startup consulting and financial advisory firm based in Chicago. There are a lot of variables to go into calculating a fair equity split a startup team. How do you manage your equity split in your company? How important is this person’s role?
Email us or call +44 (0) 844 3579899 home about services blog labs ChiefTechnologyOfficer job description (for web, start-up or corporate) « Upgraded your iPhone to OS 3 but files are missing? Some companies look for a more strategic or a more hands-on CTO. Firstly, theres no one-size-fits-all description.
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. .&#
by Marcus Turner, President and CTO of Enola Labs. We were not any different, we had corporate bylaws, which my partner and I both reviewed and signed. Our company was essentially going to be 50/50, but since my partner at the time was Indian, we decided that we would apply for HUB status as a business.
What is Sweat Equity Worth? Determining how to value sweat equity is key when negotiating with investors and employees. Entrepreneurs often ask me how to value the sweat equity invested in their startup. But over the years, I have come to realize that sweat equity isn't the same thing as market value for your startup.
Office Space. Virtual Office. How to Divide Equity to Startup Founders, Advisors, and Employees. The part that I’d like to zero in on is when you’ve got a high growth company what are some of the best practices out there to distribute equity to the founders, advisors, and employees? Equity for Founders.
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. But I don’t think so.
Should You Share Equity with Consultants? Science and TechnologyTechnology. Back in 1997, Randy Parker was staring at a blank whiteboard, wondering where hed find the money to hire the employees and consultants he needed to build his new product. "We But sharing equity can have pitfalls, too. The 2011 Inc.
A Part-Time CTOTechnology. Flexibility - You won’t need to commit to something, either cash, equity or involving other people, upfront. Un-knowledgeable - Since it’s just you and your partners, you might not be making the best choices. In Plain English. Archive Jun 20th Sun In-House or Outsource?
Chairman Alan Todd was formerly Founder and CEO of KnowledgePlanet, the largest cloud-based learning management system, which was acquired by a private equity consortium; and Founder and CEO of KnowledgeSoft, the largest IT training company in the mid-Atlantic region, which was acquired by Technicsource. Grovo solves this problem.
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?
Here’s how the pitch sounds from the engineer’s perspective: ‘For ten whole percent of equity, you will slave away to build a prototype out of my shitty idea, not have any say in the decision-making process…and oh yeah, you could be fired at any point.’ Date for a bit, then split the equity.
He argued that software engineers don’t finish what they start, and that you’re better off paying a technical person than partnering with one. ” I believe that by this he means they want cash rather than equity. They can make good money consulting or working as an employee of another company. Good riddance.
Obviously, Mike’s not looking for money yet, but those types are often tapped into technical people who are looking for a business partner. In fact, that’s exactly how I ended up at Cheezburger—a friend of a friend introduced me to one of the angels who had invested, who then introduced me to the founder (who needed a CTO).
Im trying to create a technology enabled recruiting service for an unproven business model. Partnering with me at that stage was speculative at best. If there's a business co-founder with an idea looking to partner with me, they've flunked their first test if they weren't able to raise cash. Act accordingly.
Web Startup Lessons Advice from a CTO and Entrepreneur Home About Finding a Technical Partner for Your Startup Today I received an inquiry from a student at an Ivy League university who wants to launch a web startup. How can I go about looking for a (very) good programmer willing to do this as sweat equity?
The negativity either impacted investment funding (venture capital fell off a cliff in 2009) or the customers they were targeted as was the case for Untitled Partners who were building a platform for fractional art ownership. We were obviously wrong about Untitled Partners’ ability to grow through the subsequent downturn. #19
In Meebo’s case, for example, I was lucky enough to partner up with Elaine and Sandy. No looking for partnerships (who’s going to partner with you anyway?). Trust me, once you’ve launched and achieved traction, you’ll have your pick of mentors, VCs, partners and all the legal expenses you need. Partner up? No legal muck.
For additional advice, I recommend reading " Finding a Technical Partner for your Startup ), by Daniel Kehoe, a CTOConsultant, who was kind enough to hear my struggles out and offered advice suggesting that we should supplement our current Advisory Board with a Technical Advisor. Want to be featured?
Someone who is egotistical enough to call themselves a rockstar, yet humble enough not to want 99% of the equity? If you are a creative guy with a good head for business looking for an engineering partner, send me a summary of your idea and business plan, and I'll do the implementation!" This person does not exist.
I also know someone else who consulted me about his website idea. Well as a programmer of many websites I find that it is easier for my clients to consult my ideas first. I do consult people, however I am not looking for work right now. Would love to hear your insights sometime into how to partner with engineers.
janryan (@janryan) | Twitter Kerry Rupp Kerry is a Capital Factory Mentor and founding partner of True Wealth Ventures, an early-stage venture capital fund that invests in women-led companies in the sustainable consumer and consumer health verticals. Jennifer Aldoretta (@JAldoretta) | Twitter Joseph Beard Partner Perot Jain, L.P.
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