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skip to main | skip to sidebar SoCal CTO Thursday, March 1, 2007 Entreprenuer Network Great post by Ben Kuo - The Importance of the “Network&# to Entrepreneurs - the informal connections between people in the technology industry here who have a vested interest in helping entrepreneurs take their companies to the next level.
Now, they were able to raise enough money in the last 3 months to launch a product along with all the necessary softwaredevelopment to launch a pilot program for validating the idea. Do they recognize any Startup Founder Developer Gap ? During all this time, valuation pitched to the investors was in the $1M – $3M range.
Should you co-found your company with a softwaredevelopment shop? I’ve talked with a number of softwaredevelopment shops who are eager to get into the business of cofounding companies, i.e., getting product revenue and equity instead of just consulting revenue. 5% vest at clickable prototype. 5% launch of v1.
Now, they were able to raise enough money in the last 3 months to launch a product along with all the necessary softwaredevelopment to launch a pilot program for validating the idea. Do they recognize any Startup Founder Developer Gap ? During all this time, valuation pitched to the investors was in the $1M – $3M range.
Interesting but punitive provision in Skype’s option plan allowing repurchase of even vested options at grant price – [link]. Legal Contracts for SoftwareDevelopers Who Hate Contracts (w/free contract template tco use today) – [link]. Tech Start-Ups Struggle With Followup Fund-Raising – [link].
Good & useful post for entrepreneurs about founder stock vesting & things to consider – [link]. Legal Contracts for SoftwareDevelopers Who Hate Contracts (w/free contract template to use today) – [link]. Compete on Know-Why, Not Know-How – [link]. Did everybody see what just happened?
Not only are you getting financing with little risk, but with customer financing you have someone in the industry with a vested interest in your product succeeding. This situation is so unbelievably advantageous to a startup it’s like strapping rockets to your running shoes.
In retrospect, it seems totally natural that Larry Ellison transformed SoftwareDevelopment Labs from a consulting business into a software company called Oracle. They are paid in terms of stock options that vest over 4 years and cash bonuses for quarterly and yearly performance.
Im confident that this business will be able to compensate these two additional principles along the way, after initial risk of investing their time, and will later reward their vesting with an exit strategy. This isnt really a start-up team-- Ive been doing the business for 14 years.
I’m a web designer but I need to find a dependable softwaredeveloper to team with. We have a few contracts for softwaredevelopment, most of which were found through connections. All that being said, all equity allocation (giving) should be done with a 4 year vesting, 1 year cliff. What is next for you Dan?
The sponsor is a person who is not a direct manager but has a vested interest and is willing to help. Our softwaredevelopment team has achieved gender parity which is rare. Sponsorship. An advocate or sponsor within the organisation is introduced to each veteran. About the author.
This literally the dumbest, most ignorant piece that I’ve ever read about softwaredevelopment and/or hiring programmers. I also know numerous other programming languages and have worked with many softwaredevelopment platforms over the last 25 years. Look what happened to Gawker. March 25, 2011 at 3:23 pm.
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