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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: CTOEquity Compensation PDF.
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-Time CTO , Technology Advisor , CTO Founder , Acting CTO ? He needed some kind of CTO and as well Developers.
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?
A long-time friend and colleague, Steve Wexler, who is great at visualization took my Startup CTO Salary and Equity Data and produced a really need interactive visualization via Tableau. Of course, as you would suspect, equity percentages dilute based on years in business. Most non-founders have less than 2%.
I talk to roughly 2 or 3 new startups every week who need advice from an experienced CTO. Of course, I provide part-time CTO services. So, I wanted to use this post to make it official - we are offering free startup CTO consulting sessions. I'm looking for free (equity only) development, should I contact you?
I talk to roughly 2 or 3 new startups every week who need advice from an experienced CTO. Of course, I provide part-time CTO services. So, I wanted to use this post to make it official - we are offering free startup CTO consulting sessions. I'm looking for free (equity only) development, should I contact you?
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 tried to argue that the equity should be what it was at the time I joined and discussed but there was no formal agreement at that time. Of course, that doesn’t help here.
A long-time friend and colleague, Steve Wexler, who is great at visualization took my Startup CTO Salary and Equity Data and produced a really need interactive visualization via Tableau. Of course, as you would suspect, equity percentages dilute based on years in business. Most non-founders have less than 2%.
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 tried to argue that the equity should be what it was at the time I joined and discussed but there was no formal agreement at that time. Of course, that doesn’t help here.
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? The good news is that likely is not what they want.
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. Of course, you probably are going to provide more of a feature list.
Lynda.com , the online video education provider which has been one of the region's most successful, bootstrapped companies--is no longer bootstrapped, after inking a massive, $103M growth equity round. Lynda.com offers up online education courses on things like Adobe Photoshop, Illustrator, Microsoft Excel, AutoCAD, and much more.
You can’t afford and don’t want to hire a full-time CTO 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.
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. The CTO of many technical startups was the original founder.
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. The CTO of many technical startups was the original founder.
Good entrepreneurs can admit when their course of action was wrong and learn from it. 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. They move the ball forward every day. They are quick to spot their mistakes and correct.
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. The CTO of many technical startups was the original founder.
We have been reading about the LA CTO Forum and we thought it would be a great place to find him/her. I've written before about having an Initial Conversation with a Potential CTO. Of course, this needs to be "elevator size" - 3 to 4 sentences. Please let me know if you can share this information with your members.
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. The CTO of many technical startups was the original founder.
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. It's a mission critical IT service that website owners need. Those two areas are a bit of a moving target.
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. CompStudy 2008 Report on Equity and Cash Compensation at Technology Startups.
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. The CTO of many technical startups was the original founder.
Of course I have. There’s you and your killer CTO co-founder. And of course you need a mature venture capital industry. 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. I’m in Seattle this week.
Of course everything could be replicated if a massive juggernaut like Amazon or Google wanted to pour all of their resources into it but I’m talking about technology that is hard to replicate, takes years of know-how and once adopted is significantly valuable. Of course the media doesn’t do nuance well so this is an emotional topic.
Of course, you should monitor social media such as Twitter, the social news sites, Facebook, etc. 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. Tell Rod about the LA CTO Forum. He sounds like he'd be a good member.
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.
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 (CIO) 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.
In the Q&A session someone asked about how to split equity between partners. Having the right partner can greatly help at challenging times like equity splits. If you’re the CEO and you’re looking for a partner CTO (sound familiar) you’re not just checking him out, he is checking you as well. What is a Partnership?
In the Q&A session someone asked about how to split equity between partners. Having the right partner can greatly help at challenging times like equity splits. If you’re the CEO and you’re looking for a partner CTO (sound familiar) you’re not just checking him out, he is checking you as well. Like marriage.
In the Q&A session someone asked about how to split equity between partners. Having the right partner can greatly help at challenging times like equity splits. If you’re the CEO and you’re looking for a partner CTO (sound familiar) you’re not just checking him out, he is checking you as well. What is a Partnership?
He previously co-founded and served as ChiefTechnologyOfficer of IMVU. As an undergradudate, Leila authored background papers for the World Bank's Development Research Group and Ashoka on equity and social rights. Eric Ries is the author of the blog Startup Lessons Learned and the lean startup methodology.
Equity-Only CTO and Equity-Only Developers - SoCal CTO , November 1, 2010 I had a recent email dialog with the founder of a company looking for a CTO for their startup. How to Take Down Facebook -- Hint: It Ain't Twitter. The United States is now a debtor nation to China and that the bill is about to come due.
’ OP: Of course we had to do a lot of research to figure out if this was a viable solution. It was great to relive a moment when I was in my dorm room at Harvard and watching Toy Story 3 on my laptop and seeing something that we built with no cash, just sweat equity. I wouldn’t have asked people to work for us on sweat equity.
One of the first tough decisions that startup founders have to make is how to allocate or split the equity among co-founders. Another common “failure to start” situation I see is one where the “idea person” insists that the idea is 90% of the value (and 90% of the equity). Who will be the CEO, CFO, and CTO?
One of the first tough decisions that startup founders have to make is how to allocate or split the equity among co-founders. Another common “failure to start” situation I see is one where the “idea person” insists that the idea is 90% of the value (and 90% of the equity). Who will be the CEO, CFO, and CTO?
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