article thumbnail

The Secret History of Minnesota Part 1: Engineering Research Associates

Steve Blank

Parker became President, and got 50% of the company’s equity for a $20,000 investment (equal to $315K today) and guaranteed a $200,000 line of credit (equal to $3M today). Norris became the VP of Engineering, Engstrom the VP of Research, and Meader VP of Manufacturing. How Did ERA Grow So Quickly?

Minnesota 317
article thumbnail

Building a High-Tech Startup Team

Business Plan Blog

Rather, give titles such as VP of Engineering, Product/Technology, Sales, Marketing, Finance, etc. Be sure to leave plenty of equity for investors. While consultative reps are key to building new business with big accounts, relationship managers are key to retaining those accounts. Don’t make everyone a founder.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Reincubate: Blog: Chief Technology Officer job description (for web, start-up or corporate)

www.reincubate.com

Share this: chief technical officer chief technology officer cto interim cto job description start-up startup cto web cto Weve been swapping some thoughts with Daniel Kehoe , a consulting CTO acquaintance of ours from across the pond. Firstly, theres no one-size-fits-all description. XML sitemap. VAT registered #867 0159 09.

article thumbnail

How To Find A Programmer To Build Your Startup Idea

socialmatchbox.com

Another option is sweat equity. It is important to realize that most people who are willing to work for sweat equity are not a) the best, b) in demand, and c) going to put their heart and soul into your project. Motivation to work for sweat equity is something else that founders tend to take for granted.

article thumbnail

Startup Advice: When to Use a Consulting CTO

rapidrollout.wordpress.com

Web Startup Lessons Advice from a CTO and Entrepreneur Home About Startup Advice: When to Use a Consulting CTO There are not many to be found. He or she might call himself a “consulting CTO,&# “freelance CTO,&# “on-demand CTO,&# “CTO on call,&# “CTO for hire,&# or just a “technology strategy advisor.&#