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But I would point out that these days there are really talented tech developers & teams everywhere. Think USV is only invested around Union Square in NYC? And in many communities that are new to building tech startups I’ve found that a lot of angel money is not very sophisticated at investing in startup companies.
While not investing in certain areas may seem like a good idea in the short-term, not spending enough on key elements could shortchange your business, leading not only to headaches but requiring expensive fixes down the road. Here are some areas where it pays to make the necessary investments to get it right the first time: 1.
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I've previously addressed the role of a CTO in early-stages in my post Startup CTO or Developer. for a Lead Developer: How much will it cost to build what we need to build? for a Lead Developer: How much will it cost to build what we need to build? How can I control costs but effectively get stuff developed? Accounting?
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