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Todd Gitlin of Safire Partners was nice enough to compile some data on Start CTO Salary and Equity at Venture Backed Companies for the LA CTO Forum and present last year. The data is a bit tough to deal with via a post, so I've shared it two ways: You can find a PDF with some analysis at: CTO Equity Compensation PDF.
Todd Gitlin of Safire Partners was nice enough to compile some data on CTO Equity and Compensation at Venture Backed Companies for the LA CTO Forum and present last year. The data is a bit tough to deal with via a post, so I've shared it two ways: You can find a PDF with some analysis at: CTO Equity Compensation PDF.
I've posted quite a few things on the topics associated with being a Startup CTO. Here are some resources that come from other sources: Want to Know the Difference Between a CTO and a VP Engineering? Lessons Learned: What does a startup CTO actually do? Lessons Learned: What does a startup CTO actually do?
I've posted quite a few things on the topics associated with being a Startup CTO. Here are some resources that come from other sources: Want to Know the Difference Between a CTO and a VP Engineering? Lessons Learned: What does a startup CTO actually do? Lessons Learned: What does a startup CTO actually do?
I’ve been having discussions with several people recently about the role of the CTO (Chief Technology Officer) in very early stage companies. In December 2007, I described how I commonly take on an Acting CTO Role in a Start-up. I used an image from Roger Smith that describes the varying roles of a CTO as the company matures.
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.
I received an inquiry from a reader of my blog and thought I would provide some thoughts, but would definitely welcome input: I am an unpaid CTO of a small startup. Please let this be a lesson to everyone – founders and CTOs. Find a lawyer and someone who does CTO searches for VC backed companies in your area. Or was it options?
I received an inquiry from a reader of my blog and thought I would provide some thoughts, but would definitely welcome input: I am an unpaid CTO of a small startup. Please let this be a lesson to everyone – founders and CTOs. Find a lawyer and someone who does CTO searches for VC backed companies in your area. Or was it options?
Andrew Warner from Mixergy posted - Before Looking for Funding, Get an Advisor. He recommends that early stage companies get input from people who know the funding process, know the vertical, etc. Of course, it's sometimes hard to find advisors. eHarmony for start-up / advisor relationships? That's great advice.
I acted as the occasional mentor, advisor and coach to Ethan. We generally have a policy to only fund entrepreneurs once the first version of a product has shipped or it near to shipping. So I asked Ethan to build his product first and then we would fund. The company was called Red Beacon. He was seeking $500k.
Hiring seems to be the preferred use of seed funds (by investors and founders), whereas I'd prefer a focus on customer acquisition. In many cases, during my Free Startup CTO Consulting Session with them, we discuss where they are in in the process. The startup founder is definitely not ready to hire a CTO. Far from it.
Background This post partly really came about as a result of a great conversation yesterday with David Croslin a former CTO at HP who recently conducted an interesting experiment. I am looking for one or two startups that I can work with on their road to success as a virtual C-level officer, board member, advisor or other relationship.
November 23, 2010 Entrepreneurs, Using Outsourcing to Obtain Capital Efficiency Needs to be Thought Through to be Effective - Robert Ochtel , June 7, 2010 Teen Entrepreneur, Brian Wong, Youngest Founder to Receive Angel Funding - teenentrepreneurblog.com , October 28, 2010 Build Your Own Silicon Valley? First Principles.
Michael Wong: I was previously CTO of an agency called Breakthrough Ads. My cofounder, Steven Elliott, was CTO of a company doing artificial intelligence and automated chat technology. Can you talk about how your company is funded? Michael Wong: We're with StartEngine, and have received a small amount of seed funding from them.
I've talked about that in lots of other posts, so you can visit some of these to help determine what you specifically need: Startup CTO or Developer Startup Software Development – Do Your Homework Before You Develop Anything Key ingredients in the equation are: How complex is the system? Your technical advisor can likely help.
Aliso Viejo-based Arkami, one of the startups in OCTANE's Launchpad Accelerator, has just zoomed past $360,000 in funding commitments on the crowdfunding site Kickstarter, according to the firm's myIDkey project page. READ MORE>>.
You and I were talking about a startup recently and where they might go for seed stage funding, what is your impression on that aspect here in Los Angeles? We are not “finders” and usually serve the role of advisor and attorney. Are you doing much of that? Los Angeles is a great place for startups.
The program is basically to take entrepreneurs, pair them with a mentor who is also an entrepreneur themselves, either a CEO or a CTO. It's structured so that they get funding, office space, all of the Internet resources, tools they need from mentors. There might be one or two mentors, one might be a CTO, another, a CEO.
Andy Wen was the CTO of Christianity.com, and the CTO of early online education firm VCampus, and he also ran the product and web security for eTrade, as well as started a company called Lighthound deals, like a Groupon. Tony Adam is an advisor, he was formerly at MySpace. Bong Koh: The experience there has all been positive.
Callinicos has been serving as a strategic advisor to the company since October. In an interview with the WSJ, Callinicos said he is coming on board as the company gears up for another funding round. The appointment comes as HyperLoop One has been recovering from a high profile legal spat with its former CTO last year.
The funds have been used up on the existing development. You may even have as much time left to get it "done" as it took to get it "mostly done" Normally, when I get this call, it's pretty far downstream (as in this situation). And the person is trying to get it from mostly done to done with little additional cost.
As I’ve written about recently, at Upfront Ventures we started talking a couple of years ago about wanting to fund stuff with more meaning. I think this is a combination of being realists as venture capitalists that outsized returns in our funds must come from taking on bigger, more impactful projects that can move markets.
Many startups now go through accelerators and have mentors passing through each day with advice – usually it’s conflicting. On teams I have a framework for tech teams “ CTO vs. VP Eng ” or on sales I have “ Journeymen, Mavericks & Superstars ” 5. Fund raising ? What is a founder to do?
You’re sales person is getting blocked by the CTO who says she shouldn’t go above him but the CTO isn’t approving the deal. Yes, I know it’s my job as the CEO to be the coach for people and that’s fine. Should she take a chance and potentially ruffle feathers? I certainly hope so.
I’ve spoken before about our desire at Upfront Ventures to fund really big ideas that solve hard problems, are science led and if successful will both have a positive effect on people’s lives as well as make great financial returns. We’re not Pollyannaish about this. In short, we’re after venture returns. They have raised $14 million to date.
Our founder, Yves Sisteron, was my mentor and board member at my first startup. “Getting the band back together” doesn’t stop for me with just our fund. We brought Ryan Lissack down from San Francisco to become Maker’s CTO and the rest is history. Mafias matter a lot to me, as well.
I will soon announce a few fundings (not yet closed, sorry) and I’m beginning to help them think about how to ramp up their engineering teams. And I spoke with the CTO of another great company I used to be on the board of and enlisted his support in potentially being an advisor to one company. You have to select carefully.
in a Series A funding round. The firm said the funding was led by Benchmark Capital, along with participation by BV Capital. The firm was co-founded by Woody Rollins and Rich Wolski; among the firm's advisors are former Citrix Online CEO Andreas Von Blottnitz, and former Citrix Online CTO Klaus Schauser.
El Segundo- and Austin-based Slingshot Aerospace says it has named a Board of Advisors, which will provide it with counsel, advice, and support. Slingshot is venture backed by ATX Venture Partners, Revolution's Rise of the Rest Seed Fund, Techstars Ventures, and Okapi Venture Capital, along with others.
Understanding where your VC partner sits in their respective fund and where their fund is in the cycle of its investment lifecycle will help you understand your VCs behavior. So if all I need to do is make some customer calls, interview potential employees or help with his fund-raising decks – hallelujah. And improve.
That's funding our new product, FanMix, which is a a social media tool. We have some great mentors now. Thanks to TechStars, we've got an awesome mentor who's co-habitating with us now, and we're learning something daily from him. It's actually uncommon to have a female CTO. We have a licensing business with that.
By the end of my sophomore year, I decided to go after this full time, and that's when I officially brought on a CTO, Shiv Prakash, and we went at it in the summer of 2011, and the rest is kind of history. Both have been great mentors ever since. We understand this whole effort was actually backed by Sir Richard Branson?
Startups can’t usually afford a business development team, so that effort is just one of the measurements that should fall on every CTO and CEO. Here is also an ideal opportunity to use your external advisors and Board to help identify external resources, potential partnerships, and acquisition opportunities. Partial acquisition.
August was a slow month in terms of traffic and I was away for a lot of the month, but there were some really great posts at the intersection of startups, technology, product and being a Startup CTO. They are: Fred Wilson: Lead Investors, Dipshit Companies, and Funding Every Entrepreneur. I've funded some myself.
Most VCs did well academically and had enough career success that a venture firm was willing to give them an investment role or they were able to raise their own fund. It’s the executives who trust you to join the early-stage startups you’ve funded. The number one advice I give is “stop trying to be too smart”.
In practice it can be a fine line between sparring partner / coach and stepping over the line to brute-force persuasion. The way we dealt with this issue is that we took each senior exec in the company (including the CFO and the CTO) and assigned them to important accounts. ” Of course I agree with this.
Entrepreneurs and mentors travel from various parts around the world to take part in the 500 Startups accelerator program. Along with work-space and mentoring from global experts in design, distribution and every aspect of launching a business, MailLift received $50,000 in funding as part of the program.
For me, FI was great for networking with Adeo and the other mentors, who are all world class successful entrepreneurs themselves, as well as the other founders in the program. On the development side, my top go-to person is my KlickFu co-founder and CTO, Rod Morison , as well as the other developers who are contributing to the project.
Main February 23, 2010 Advice for CTO Founders: Dont Let Business Kill the Business Founding a technology company is an amazing thing. I have met dozens of brilliant technologists with fantastic ideas, ideas requiring nurturing, mentoring and support. So my advice to CTO / Founders? Vaultive « Are Derivatives the Real Problem?
Photo: Barry Lieberman, President and COO; Eli Aizenstat, Founder & CEO; and Rob Patrick, CTO). Barry was a lead mentor there at Chapman University's Launch Labs, and we paired up. Barry and I worked together to create Beatshare as a business and go out for funding. That funding was geared towards development of our product.
The 3-6 month program had several hundred applications from all over the country and abroad vying for the chance of $21,000 in initial funding, office space, mentorship, and collaboration opportunities with other startups. Blayze CEO Ben Smith started first as a mentor and a resource to the community, believing in give before you get.
Startups can’t usually afford a business development team, so that effort is just one of the measurements that should fall on every CTO and CEO. Here is also an ideal opportunity to use your external advisors and Board to help identify external resources, potential partnerships, and acquisition opportunities. Partial acquisition.
Startups can’t usually afford a business development team, so that effort is just one of the measurements that should fall on every CTO and CEO. Here is also an ideal opportunity to use your external advisors and Board to help identify external resources, potential partnerships, and acquisition opportunities. Partial acquisition.
OneCubicle helps you build a career, through a jobs page, jobs listings, career advice, micro transactions for resume help, and an upcoming celebrity mentor feature. It was funded by David Geffen, Steven Spielberg, Paul Allen, and some other really big names. You can also use the service to network to your next job. How are you backed?
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