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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. As first time entrepreneurs they did not create an employee optionspool; we’ll fix that in a little while.
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!&# ). Check out the free samples.
Advisor. ); STARTUP. Chip Morse , cofounder and partner with Morse, Barnes-Brown & Pendleton P.C., If youre offering the consultant stock options, youll also want to take into consideration what the exercise price is going to be and how long the options will be outstanding. Entrepreneur news from reporter Eric Markowitz.
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