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Los Angeles-based electric car developer Faraday Future , even after dramatically scaling back its ambitious plans, appears to be circling the drain--losing three executives, including its CFO, CTO, and head of its manufacturing line. In addition, Faraday Future said it had "terminated immediately" the employment of CTO Ulrich Kranz.
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. Ask for help reviewing your press release. Equally each of your board members are probably on 5-10 boards. Assign away.
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. They can then direct staff, allocate budgets, talk to the press, connect you with politicians and attend events. They need somebody bending their ears.
Our industry just took one big step towards legitimacy with the hiring of renowned media exec Ynon Kreiz to run Maker Studios. This followed an investment late last year by Time Warner in the company in a round totaling $36 million , led by Rachel Lam , head of their investment group.
The press around the raise & company was fantastic and the promise of their technology – wireless charging that works as easily as WiFi – would positively affect many of our lives. We hired outside experts. Marc Berte, the CTO, and a masters from MIT, is exceptionally gifted. What about battery charge times?
What we are talking about is a spectrum of how you restrict early communications around your business: Who you will talk to including the public / press / etc. Startups that come to me and ask me to sign an NDA in order to get Free Startup CTO Consulting really are missing it. But generally I'm going to favor being open.
Very, very few founders have an easy time despite what you read in the press. Read the press and gather every named investor you’ve never heard of before and see if they’re increasingly active. Never stop in the ink is dry on the contract and the money is in your bank account. Fund raising is hard for everybody.
What we are talking about is a spectrum of how you restrict early communications around your business: Who you will talk to including the public / press / etc. Startups that come to me and ask me to sign an NDA in order to get Free Startup CTO Consulting really are missing it. But generally I'm going to favor being open.
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. It is not uncommon for a board to learn about the CEOs fund-raising activities by having a friend forward a press article announcing a raise or the “leak” of a fund raising.
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.
Home About Press IA Capital Partners Archives After 17 years in M&A, Derivatives and Trading, Im spending my time with young entrepreneurs in and around financial technology and digital media. Main February 23, 2010 Advice for CTO Founders: Dont Let Business Kill the Business Founding a technology company is an amazing thing.
We initially hired him as our in-house recruiter. Tim did such a great job of hiring the best, brightest people so quickly that our company infrastructure wasn’t keeping up. Our IT group was not able to support all of the new people we hired. As CTO, it was my job to solve this problem. Tim was my right arm at L90.
So yes, I want to hire somebody with really high IQ and EQ but not somebody who is more knowledgeable at your specific skill set than you are. What results must you have in order to raise venture capital or garner good press coverage that helps drive customer acquisition (and also more funding!)? Hiring a team is a data point.
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