Both Sides of the Table
SEPTEMBER 17, 2011
One great solution I see is to hire an outstanding CFO who runs both. Still, I’ll bet that functionally you divide areas of competence like sales & marketing, product, engineering, biz dev, etc. I usually encourage people to think about titles like, “Founder & CTO&# or “Founder & VP Marketing.&#.
Both Sides of the Table
JULY 22, 2010
You’ll need to hire and retain talen to grow your company. The more senior members you have (say you already have a CEO, CTO, VP marketing, VP Biz Dev, VP Products) then the less options you’ll need and vice versa. This states how the proceeds from a sale or dissolution of the company will be distributed.
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www.avc.com
SEPTEMBER 22, 2011
The most common comment in this long and complicated MBA Mondays series on Employee Equity is the question of how much equity should you grant when you make a hire. For your first key hires, three, five, maybe as much as ten, you will probably not be able to use any kind of formula. First, a caveat. x $125k which is equal to $31.25k.
The Next Web
OCTOBER 7, 2013
They were referring to non-founder engineers, most commonly the first hire for technology businesses. Every time a startup raises capital, all common shareholders are diluted. In a CTO Salary and Equity trends report by Safire Partners, it finds non-founder equity compensation to settle out below 2 percent.
Startup Company Lawyer
MAY 4, 2009
Joe Betts-LaCroix – CTO, OQO. How to scale from the first sale to the millionth. Hiring and Firing. July 14th, 2009: Implement hiring policies and practices. Description: When to hire and when to fire? How to hire the best vendors for the best rates. Michael Arrington – TechCrunch. Incorporation.
The Next Web
OCTOBER 10, 2013
Hire everyone you need as an employee. Too dilutive.”. Since we bootstrapped Backblaze, early on we would have months when the company did not have enough cash from sales to buy the additional servers it needed. At that time, Mac computers made up a mere 6 percent of the market and I argued we needed to focus on other areas.
Business Plan Blog
OCTOBER 4, 2013
Don’t hire people with skills and qualifications similar to yours. If you have a technical background and you are focused on product development, consider a co-founder with a sales and marketing background that can focus on selling your world class product. Hire based on functionality and avoid having too many C’s.
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