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I’ve written quite a bit about aspects of this topic, especially from the perspective of startup founders looking for talent – you can find these in: Startup CTO. Of course, just because a CTO or VPE is listed doesn’t mean it’s working well. Armed with your networking tool, now it’s time to get it out to all the people you know.
Projecting from the seed stage, there are two types of team-building topics you want to address – key senior hires and org-level team building. As the company progresses through product market fit (PMF), you will want to highlight other key senior hires required to scale and round out the functional expertise of the exec team.
Don’t hire people with skills and qualifications similar to yours. Hire based on functionality and avoid having too many C’s. Hire based on functionality and avoid having too many C’s. Rather, give titles such as VP of Engineering, Product/Technology, Sales, Marketing, Finance, etc.
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.
The first part is the hardest part: hunting for a programmer. If you have a friend who is a recruiter then ask them to tell you what they recommend that will not cost anything. If they hire an accountant to help prepare and file their taxes that may cost around $500. Another option is sweat equity.
Start-ups often hire at one extreme -- closer to a Lead Developer or VP of Engineering -- whereas corporates may focus on their CIO, which is potentially quite a different role. The problem with development consultancies How to recruit strong technical staff for start-ups Call: +44 (0) 844 3579899 Email: Tweet: @reincubate.
To the right of that are five charts one each for: Current EquityEquity at Hire Base Salary Target Bonus Actual Total Cash Each of these bar charts shows the respective compensation for the management team on a percentile scale (compared to the cohort). I would love to hear your thoughts. Bookmark the permalink.
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.&# If you find him, he’s gold, and not only because of his knowledge and experience. For one thing, you’ll learn from his mistakes.
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