CMO CTO COO Equity and Compensation

SoCal CTO

I was just asked about a particular startup situation (seed stage, CMO hire, non-founder) and particularly what compensation and equity is appropriate.

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CTO Salary and Equity Trends 2009-2011

SoCal CTO

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 ). You can also enter salary and equity data to see where you stand.

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Startup CTO Salary and Equity Data

SoCal CTO

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. You can find a public Google Spreadsheet with the data: CTO Equity Compensation Google Spreadsheet.

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Startup CTO

SoCal CTO

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?

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Equity-Only CTO and Equity-Only Developers

SoCal CTO

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 ? Understand where they were in terms of being able to pay or was this equity-only (sweat equity only). He needed some kind of CTO and as well Developers. There are cases where I will do equity-only deals.

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CTO Equity and Compensation at Venture Backed Companies

SoCal CTO

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. You can find a public Google Spreadsheet with the data: CTO Equity Compensation Google Spreadsheet.

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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. During that time one of the founders had mentioned that for the initial agreed time (3 months, equivalent dollars could be translated to 2% of equity but no agreement was reached at that time). Now I feel like I was part of the team to build the company but equity valuation offered to me is not fair.

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Visualization of Startup CTO Equity and Salary Data

SoCal CTO

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.

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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. During that time one of the founders had mentioned that for the initial agreed time (3 months, equivalent dollars could be translated to 2% of equity but no agreement was reached at that time). Now I feel like I was part of the team to build the company but equity valuation offered to me is not fair.

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Visualization of Startup CTO Equity and Salary Data

SoCal CTO

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.

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Los Angeles CTO / VP Engineering Job Searches

SoCal CTO

As the organizer of the LA CTO Forum , I get lots of inquiries by job seekers and people looking for CTO / VP Engineering talent. What I’ve not written as much about is what to do if you are a CTO looking for your next opportunity – especially in Los Angeles.

Hiring a CTO for Your Startup

SoCal CTO

Several people have recently come to me to help them source and/or hire full-time CTOs for their startup having found me through my post that looks at: Startup CTO Salary and Equity Data. I've organized the LA CTO Forum (a private group of 150+ CTOs in Los Angeles) for 10+ years.

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Free Startup CTO Consulting Sessions

SoCal CTO

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. In talking with a colleague who also does Acting CTO work, he said that he also does this kind of free consulting sessions and offered to help me if I didn't have enough time - which sometimes happens. So, I wanted to use this post to make it official - we are offering free startup CTO consulting sessions.

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Free Startup CTO Consulting Sessions

SoCal CTO

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. In talking with a colleague who also does Acting CTO work, he said that he also does this kind of free consulting sessions and offered to help me if I didn't have enough time - which sometimes happens. So, I wanted to use this post to make it official - we are offering free startup CTO consulting sessions.

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Equity for Early Employees in Early Stage Startups

SoCal CTO

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.

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Hiring a CTO for Your Startup

SoCal CTO

Several people have recently come to me to help them source and/or hire full-time CTOs for their startup having found me through my post that looks at: Startup CTO Salary and Equity Data. I've organized the LA CTO Forum (a private group of 150+ CTOs in Los Angeles) for 10+ years.

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Cast & Crew Names CTO

socalTECH

Cast & Crew Entertainment Services is backed by private equity investor Silver Lake Partners, which acquired Cast & Crew in 2015. Burbank-based Cast & Crew Entertainment Services , which provides technology and payroll and production management services to the entertainment industry, said it has named Alex Godelman as its new Chief Technology Officer.

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CTO Founders / Cofounders

SoCal CTO

I just got done reading a post by Roger Ehrenberg Advice for CTO Founders: Don't Let Business Kill the Business where he suggests that CTO Founders should not move too early in finding a business cofounder: Too often, however, I have found CTO / Founders paired with business people who not only don't add value, but frequently detract from the value of the business. I advocate treating them like a co-founder in every way except when they join and how much equity they get.

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GraphDive Closes $2M Equity Round | Sees 10x Growth

Tech Zulu Event

Social analytics and personalization platform GraphDive has closed $2 million in its first ever equity round from Crosslink Capital, Correlation Ventures, Plug & Play Tech Center, Start Capital and angel investors Pejman Nozad, Ullas Naik and Scott Banister. $2 2 million equity round.

Certona Scores $30M In Growth Funding

socalTECH

The funding came from private equity investor Primus Capital. The company is led by CEO and co-founder Meyar Sheik; the company's co-founder and CTO is Geoffrey Hueter. certona venture capital growth funding private equity recap personalization software saas ecommerceSan Diego-based Certona , a developer of personalization software which uses machine learning and predictive algorithms, has raised $30M in a combined growth investment and minority recapitalization.

Exym Gets Funding From Alpine Investors

socalTECH

Los Angeles-based Exym , which develops cloud-based EHR software used by outpatient behavioral clinics, has received an investment from private equity investor Alpine Investors. As part of the deal, Exym founder Matt DeBeer will become CTO of the company, focused on product strategy and customer advocacy, and Alpine'sd Nick Horn will become CEO. exym alpine investors merger acquisition software outpatient behavior venture capital private equity

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Capital Exchange Acquired By Revolution Capital Group

socalTECH

Valencia-based Capital Exchange , an online community site focused on the financial community, has been acquired by Los Angeles private equity firm Revolution Capital Group , Revolution Capital said today.

Finding a Technical Cofounder for Your Startup

SoCal 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?

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Building Your MVP as a Non-Technical Founder

SoCal CTO

Equity-Only CTO and Equity-Only Developers Technology Roles in Startups Want to Know the Difference Between a CTO and a VP Engineering? I did a presentation this week at Coloft that looked at how Non-Technical Founders can go about getting their MVP built.

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Finding Startup Developers - First Email Contact

SoCal CTO

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. Here is the most recent version of an all too common email inquiry from a startup founder.

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Lynda.com Inks Massive, $103M Funding Round

socalTECH

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 said today that it has raised a big growth round from Accel Partners and Spectrum Equity, and also reported that the firm exceeded $100M in topline revenues last year. lynda venture capital expansion growth instruction online video equity

HyreCar Raises $1.46M In Debt Funding

socalTECH

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. Los Angeles-based online car rental service HyreCar has just raised $1.465M in debt funding, as part of an ongoing $2.3M funding round, according to a regulatory filing from the firm on Thursday.

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Working with Developers

SoCal CTO

I.e., they need a developer more than they need a CTO. I just had a fellow CTO ask me about a particular technical design problem and several directions they could go and ask for my thoughts on the tradeoffs for those different choices.

Clearlake Capital Acquires NetDocuments

socalTECH

Santa Monica-based private equity investor Clearlake Capital Group announced this morning that it has acquired NetDocuments , a provider of cloud-based document management, email management, and collaboration software for law firms and corporate legal and compliance customers. Clearlake Capital said the company will continue to be led by Matt Duncan, CEO, and Alvin Tedjamulia, CTO.

What Startup Advisors Do I Need?

SoCal CTO

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. I side more with Mark Suster who says : “advisory boards are an expensive equity proposition for merely introductions.” Bob Dorf just published a post Where are the Hackers?

Foundstone's George Kurtz Raises $26M For Security Software

socalTECH

George Kurtz , the former founder of Irvine-based Foundstone , and most recently the CTO of McAfee, said last week that he's raised $26M for a new startup, CrowdStrike. The new funding comes from Warburg Pincus, the private equity firm where Kurtz had been serving as Entrepreneur in Residence. Foundstone was acquired in 2004 by McAfee, which subsequently named Kurtz CTO.

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Rubicon Project Bolsters Executive Ranks

socalTECH

Los Angeles-based online advertising firm Rubicon Project is significantly boosting its executive ranks today, saying that it has named a new CTO, General Counsel, and SVP of Product Management to the firm. The company said it has tapped Brian Pike, former CTo of Ticketmaster to the CTO role, Victoria von Szeliski, former Ticketmaster Deputy General Counsel to the General Counsel position, and former Yahoo VP of Product Management John Slade as its SVP of Product Management.

Top 120 Startup Posts for 2010

SoCal CTO

Both Sides of the Table , July 22, 2010 An updated Digital Trends presentation - Jeff Hilimire , June 2, 2010 I do what I hate - Jessica Mah , January 7, 2010 Startup Equity Allocation - charliecrystle.com , January 11, 2010 When good investment decisions end up backing more women CEOs: Conversation with Cameron Lester at Azure Capital. Some really great stuff in 2010 that aims to help startups around product, technology, business models, etc.

Service-now.com Reports Yearly Revenues

socalTECH

The company--which is backed by private equity firm JMI Equity--said it had a 105 percent increase in revenues from 2008, and has been cash flow positive for more than two years. Service-now is headed by former Peregrine Systems and Remedy CTO Fred Luddy. Tags: servicenow earnings financial private equity

Interlink Electronics Names Two To Board

socalTECH

Camarillo-based sensors and electronics developer Interlink Electronics has named two private equity and venture executives to its board, as part of an expansion of the group, the company said this morning. Levinson also was founder, CTO, and Chairman of testing and optical components company Finisar.

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