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I had a recent email dialog with the founder of a company looking for a CTO for their startup. Did they really need a Startup CTO or Developer or both? And do I fit as a Part-Time CTO , Technology Advisor , CTO Founder , Acting CTO ? He needed some kind of CTO and as well Developers.
Jane and Dick, our fearless cofounders of SayAhh, have set up an accounting system and created their first set of financial statements. This week they set out to create their cap table and hire a CTO. The founders each have common shares that will vest over four years. Praveena wants to invest $20,000 and get 20% equity.
Advisor. ); STARTUP. 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 Chip Morse , cofounder and partner with Morse, Barnes-Brown & Pendleton P.C., Entrepreneur news from reporter Eric Markowitz.
He can be technical, but he must be able to wield the tools of influence. What you don’t know Business founders who don’t code use bad proxies for picking technical co-founders (&# 10 years with Java!&# ). Technical founders who don’t sell also use bad proxies (&# Harvard MBA!&# ).
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. The question is: how should they be compensated when cofounding a company? equity that belongs to departed cofounders)?
VMware—Diane Greene. (*) While not technicallycofounders, Andy Grove and Thomas Watson, Sr. Andy Grove was Intel’s third employee (after the two cofounders Robert Noyce and Gordon E. Salmon points out that “not a single one of the 12 [candidates] is a CEO who was hired to run a company by its board of directors.”.
Discord with a cofounder was one of the most fatal issues for a company. Bricabox cofounder advises, “When a co-founder walks out of a company — as was the case for me — you’ve already been dealt a heavy blow. So, the best way of dealing with this issue is to take a long, long vesting period for all major sweat equity founders.”.
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