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I was just asked about a particular startup situation (seed stage, CMO hire, non-founder) and particularly what compensation and equity is appropriate. Seed Stage Compensation What are typical compensation numbers? Quick & Dirty How-To: Employee Stock Option Allocations
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: CTOEquity Compensation PDF.
Several people have recently come to me to help them source and/or hire full-timeCTOs for their startup having found me through my post that looks at: Startup CTO Salary and Equity Data. You now have two issues: sourcing and hiring. I have a great network of fellow CTOs, especially in the Los Angeles area.
Todd Gitlin of Safire Partners - a go to resource here in LA for recruiting C-level positions at startups - was nice enough to compile some data again this year (see last year's Startup CTO Salary and Equity Data ). Or they are looking at Hiring a CTO and want to see what salary and equity ranges look like.
Todd Gitlin of Safire Partners was nice enough to compile some data on CTOEquity 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: CTOEquity Compensation PDF.
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-TimeCTO , Technology Advisor , CTO Founder , Acting CTO ? He needed some kind of CTO and as well Developers.
Several people have recently come to me to help them source and/or hire full-timeCTOs for their startup having found me through my post that looks at: Startup CTO Salary and Equity Data. You now have two issues: sourcing and hiring. I have a great network of fellow CTOs, especially in the Los Angeles area.
I talk to roughly 2 or 3 new startups every week who need advice from an experienced CTO. Generally I can provide quite a bit of help in that brief time. Of course, I provide part-timeCTO services. So, I wanted to use this post to make it official - we are offering free startup CTO consulting sessions.
I talk to roughly 2 or 3 new startups every week who need advice from an experienced CTO. Generally I can provide quite a bit of help in that brief time. Of course, I provide part-timeCTO services. So, I wanted to use this post to make it official - we are offering free startup CTO consulting sessions.
I was asked by a reader how much equity he should give out to early employees and to service providers in a very early stage startup. Founders are likely not paid for a long time and have a sizeable equity percentage for early risk and having the concept. Same Value for Sweat Equity as Investment Dollars?
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 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. I have been working full time with two founders for about 10 months on full time basis. Please let this be a lesson to everyone – founders and CTOs.
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. I have been working full time with two founders for about 10 months on full time basis. Please let this be a lesson to everyone – founders and CTOs.
This is not only sad but incredibly frustrating, because it is so easy to see how a great technology can be developed and commercialized if only - if only the CTO hadn't been impulsive and insecure and brought on a business partner too early in the game. … Mark Suster has similar advice in Hiring at a Startup? Camaraderie?
If you do not break it down into small pieces, its hard to make progress with part-time resources, freelancers, etc. Equity-Only CTO and Equity-Only Developers Technology Roles in Startups Want to Know the Difference Between a CTO and a VP Engineering? Third party products are used appropriately.
As the organizer of the LA CTO Forum , I get lots of inquiries by job seekers and people looking for CTO / VP Engineering talent. I’ve written quite a bit about aspects of this topic, especially from the perspective of startup founders looking for talent – you can find these in: Startup CTO.
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? Do you have dollars to pay for development?
they need a developer more than they need a CTO. What happens when you have a really good developer is that a gap exists where you may not ask the right questions to specify the right system, consider appropriate 3rd party technologies, etc. Many are not interested in 3rd party technologies that can streamline development.
You can’t afford and don’t want to hire a full-timeCTO or architect. For me, if I can help you within a couple hours Free Startup CTO Consulting Sessions , I’m happy to do that and I don’t expect compensation or equity for that. Here’s the other aspect that both Tony and I preach: get help.
There are a bunch of questions in Startup Software Development – Do Your Homework Before You Develop Anything and in Startup CTO or Developer. Now there are some hard challenges around what technologies to use to balance short-term and long-term. This is somewhat the heart of what a CTO does. Do not hire a CTO at this point.
I’ve worked with 30+ early-stage companies in all sorts of capacities (and spoken to many, many more), so I thought it might be worthwhile trying to classify the various ways that I’ve engaged in different technology roles in startups. However, I’m always doing this part-time.
According to those filings, the funding comes on top of $1.65M in equity raised in a round which opened in June of 2017. That earlier equity funding had a target of $2.975M, and had included 62 investors as of November. HyreCar's CEO is Joe Furnani, and its CTO is Abhi Arora.
Just weeks after Canoo took the wraps off of its electric vehicle , the Los Angeles-based startup and co-founder Stefan Krause has been accused of gender and marital discrimination, harassment, breach of contract, and wrongful termination in a lawsuit filed Tuesday. Stefan Krause filed for divorce from Christina Krause in July 2019.
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. But “he didn’t have the budget to hire a developer until he had raised money!&#. Should she take a chance and potentially ruffle feathers? I said that was my point.
I think people understand this title to mean more somebody who handles operational issues rather than somebody who is more like a “chief of staff&# as a COO often is. One great solution I see is to hire an outstanding CFO who runs both. This person can do budgeting, forecasting, strategic planning, legal, HR, office moves, etc.
You need to find the skills or experience you don’t have in business, technology, or money. So the first question I usually get is what percent of the company or equity is that person worth? Just because it was your idea doesn’t mean you “deserve” 90% of the equity. Level of responsibility and time allocated.
You need to find the skills or experience you don’t have in business, technology, or money. So, the first question I usually get is what percent of the company or equity is that person worth? Just because it was your idea doesn’t mean you “deserve” 90% of the equity. Amount of venture funding provided.
You need to find the skills or experience you don’t have in business, technology, or money. So the first question I usually get is what percent of the company or equity is that person worth? Just because it was your idea doesn’t mean you “deserve” 90% of the equity. Level of responsibility and time allocated.
The reason is that good attributes apply equally well to “external” partners, as they do to internal partners, like a co-founder or CTO. Partner decisions are more important than hiring decisions. Then, as I suggested before, it’s time to establish a formal agreement or contract to cement the partnership.
The Internet doesn't work right, and is broken, and without a CDN, you can't do what you need to do if you're the CTO of a large website. We're privately funded today, with some equity from Menlo Ventures and Steamboat Ventures. We're in the domain of hiring relatively technical people, gearheads.
Great content again in September that meets at the intersection of startups, technology, product and being a Startup CTO. previously explained that it usually requires some equity, but here is some more step by step practical advice. can’t believe how much time people devote to answering questions on it. Let's recap.
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. equity debate. Every time I see my graduate students try to teach for the first time, it’s usually so painful I bite my lip.
In his spare time he raised nearly $30 million. Trust me – that kind of encounter can mean the difference between securing a contract, protecting yourself from getting turfed or getting acquired one day. You may know how much to pay in cash or equity for your new VP Engineering. Always seek input.
aka: An Open Letter to the Next Big Social Network) - 500 Hats , November 1, 2010 I've held off writing this post for a long time, because I couldn't quite get my head around all the issues. Call it facts for hire. It would be a bit like the hired gun in the old west, but more suited for today’s times. You got it.
I was hired to head up strategy, marketing development, and product management. I got involved with talking to CTOs at large, Fortune 500 companies, introducing them to what this system could provide, and figuring out if they have this capability. To give you an overview, there are something like 6,000 equities in the U.S.
You need to find the skills or experience you don’t have in business, technology, or money. So the first question I usually get is what percent of the company or equity is that person worth? Just because it was your idea doesn’t mean you “deserve” 90% of the equity. Level of responsibility and time allocated.
You need to find the skills or experience you don’t have in business, technology or money. The first question I usually get is what percent of the company or equity is that person worth? Just because it was your idea doesn’t mean you “deserve” 90 percent of the equity. Level of responsibility and time allocated.
First, early in the post, Mark mentions: The idea behind the meetup is to connect technology startups with prospective hires who may be interested to work for “alternative compensation”–e.g., reduced salary, partial equity, good experience, etc. I’ll give you equity in the company.”
Your highest priority right now is hiring the 1 or 2 people that are going to join your company and make a difference. There’s you and your killer CTO co-founder. Imagine if the ambassadors from Seattle organized a dinner with 8 entrepreneurs, the CTO of Amazon, the head of Xbox and the head of marketing for Starbucks.
We''ve raised around $72 million now in equity capital. I founded that with the former CTO of my first company, Kevin Smilak, who now works at Google. We were hired by a company that did outsourced medical billing and consulting for physicial medicine and rehab doctors. Back to Kareo--what''s next for you?
It provides tools like the Equity Calculator and curates and vets vendors that service startups. They took the “Match.com for entrepreneurs” model literally and hired the former CTO of Match.com to create the algorithms to help predict and recommend matches.
A CEO who has “been there and done that” is traction, especially if teamed with a financial lead (CFO) and a product lead (CTO). Of course, a real contract or purchase order from a big customer is even better. If you are strong enough to surround yourself with a strong team, that’s great progress toward success.
A CEO who has “been there and done that” is traction, especially if teamed with a financial lead (CFO) and a product lead (CTO). Of course, a real contract or purchase order from a big customer is even better. If you are strong enough to surround yourself with a strong team, that’s great progress toward success.
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