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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.
Even with an agreed initial equity split, it’s smart to have Founder’s stock actually issue or vest over a period of at least two years, on a month-by-month basis. The CTO of many technical startups was the original founder. Naïve cofounders have found themselves squeezed out in some well-known cases, including Facebook.
I always tell entrepreneurs that two heads are better than one, so the first task in many startups is finding a cofounder or two. Giving a cofounder a salary won’t get you the “fire in the belly” you want. Each cofounder should get equity for value, based on these key variables: Lived a key role in a previous startup.
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.
Even with an agreed initial equity split, it’s smart to have founder’s stock actually issued or vested over a period of at least two years, on a month-by-month basis. The CTO of many technical startups was the original founder. Naïve cofounders have found themselves squeezed out in some recent cases, including Facebook.
Even with an agreed initial equity split, it’s smart to have Founder’s stock actually issue or vest over a period of at least two years, on a month-by-month basis. The CTO of many technical startups was the original founder. Naïve cofounders have found themselves squeezed out in some well-known cases, including Facebook.
Wondering how to find the right cofounder but don’t know where to start? Finding a technicalcofounder. It’s a common issue – you have an idea that will require some technical know-how (eg coding, engineering, science) but don’t have those skills yourself. Finding a non-technicalcofounder.
Even with an agreed initial equity split, it’s smart to have Founder’s stock actually issue or vest over a period of at least two years, on a month-by-month basis. The CTO of many technical startups was the original founder. Naïve cofounders have found themselves squeezed out in some recent cases, including Facebook.
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. Despite this dynamic history, modern record company executives badly missed the most sweeping technical innovation—the Internet.
With their confidence in their startup and themselves, their passion for their work and their mission, and their desire not to harm the fragile dynamic within the nascent founding team, cofounders tend to plan for the best that can happen. But such a best-case approach is hazardous. How should founders deal with such developments?
Advisor. ); STARTUP. Chip Morse , cofounder and partner with Morse, Barnes-Brown & Pendleton P.C., He suggests granting the options on day one but making sure they vest only upon satisfactory completion of the project. That way, he says, "Vesting is an encouragement for the project to be completed.". Email address: Home.
Talking to CEO and CTO about role as co-founder/COO. > The cofounder title is much easier to give away then real stock. > Vesting? > . > Don’t agree to deferred cash, you usually never see this. > > Ask to see the bank account, proof of investment. > Do you have another job? Keeping it?
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.
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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