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CTO Equity - Negotiation After Funding

SoCal CTO

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?

CTO 167
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Hiring Developers Before Product/Market Fit?

SoCal CTO

Hiring seems to be the preferred use of seed funds (by investors and founders), whereas I'd prefer a focus on customer acquisition. The problem is you don't yet have product/market fit, and until you do, you don't really know what to build. These companies are very early-stage and definitely have not shown product/market fit.

CTO Hire 205
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CTO Equity - Negotiation After Funding

SoCal CTO

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?

CTO 150
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Startup CTO or Developer

SoCal CTO

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.

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Announcing a Deal I’ve Wanted to Talk About for a Year

Both Sides of the Table

And we wanted a head of global marketing. 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.

CTO Coach 359
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Interview with Michael Wong, MergeLocal

socalTECH

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.

CTO Coach 223
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Why Solving Big Food & Healthcare Problems Will Yield Spectacular Companies

Both Sides of the Table

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.

Company 207