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After six months, I was able to sign up a local CTO to help build a Minimum Viable Product (MVP) that enabled me to secure funding. At this stage of the business we needed top talent, no low cost workers, so I ended the contract with the Indian team to focus on the local team. Contract Remote Teams On A Per Project Basis.
It will be used to power Industrial IoT sensors to reduce wiring complexity and to high-power applications that will provide easy access to primary sources of energy such as remote and offshore renewable. Together, the TransferFi Team has 20 years of experience in WPT optimization and industrial automation.
I’ve talked with a number of software development shops who are eager to get into the business of cofounding companies, i.e., getting product revenue and equity instead of just consulting revenue. Vlad and his team at DarwinApps are considering launching DevFund — their attempt at cofounding companies by developing the MVP technology.
Also hire offshore devs to assist you in building your product. I was basically a consultant without the payment and I basically got taken advantage of. If you can't do that convincingly, go get investor money and hire a consultant. So to close, a technical co founder and a low cost consultant are not the same thing.
But as any programmer will tell you (I’m one), any lucrative contract or full time job you can get, especially these days, will usually leave you so burnt out by the end of the day that the last thing you will want to do is sit down and bang out more code. This happens a lot. Better still, write your own post :) Ron Amen.
CEO, VP Products and CTO must all be in the physical location. What about offshoring? First, many people confuse outsourcing and offshoring. Offshoring is when you have your own team build it but your own team is located a separate location where wages are significantly cheaper. Here are my personal biases: 1.
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. Its best to agree to everything on the front end, and get it all in writing in a contract.
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