article thumbnail

How to Hire a Remote Software Development Team

ReadWriteStart

Hence, this article will explore the concept of remote software development teams, their advantages, and how they differ from dedicated teams while providing a step-by-step guide on building your own remote dream team. What is a Remote Software Development Team? Now, let’s delve in. Incredible, right?

article thumbnail

Startup Runway Length Depends on Your Burn Rate

Startup Professionals Musings

As a rule, you need to review your burn rate every month, and manage it every day. When I was interviewed for my first startup CEO job, I was expecting a $150,000 salary, but instead was offered an opportunity to contribute $50,000 to the business, and work for equity only. The components are simple - expenses and income.

Burn Rate 232
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

High Burn Rates Result in Short Startup Runways

Startup Professionals Musings

As a rule, you need to review your burn rate every month, and manage it every day. When I was interviewed for my first startup CEO job, I was expecting a $150,000 salary, but instead was offered an opportunity to contribute $50,000 to the business, and work for equity only. Investors assume it will only go up with more funding.

Burn Rate 231
article thumbnail

Don’t Get Burned By Your Startup Burn Rate

Startup Professionals Musings

As a rule, you need to review your burn rate every month, and manage it every day. When I was interviewed for my first startup CEO job, I was expecting a $150,000 salary, but instead was offered an opportunity to contribute $50,000 to the business, and work for equity only. Investors assume it will only go up with more funding.

Burn Rate 120
article thumbnail

Remote Work in the Time of COVID-19

ReadWriteStart

…suddenly, nearly all technical jobs are remote-jobs, all dev-teams are distributed teams, and virtually all hiring is remote hiring. Cost savings companies experience when they eliminate expensive office rents and the payroll costs associated with the salaries required for people to live in major metro areas.

article thumbnail

The Long-Term Value of Loyalty

Both Sides of the Table

Most of what I learned about operating startups I learned from the really tough years at my first company from 2001-2003. I was paid less in salary in 2004 than I was paid at the job I quit in 1999 (a job I had held 8+ years). I learned how to do a pipeline review with sales people without getting bullshitted to.

article thumbnail

Optimizing Your Agency For Profitability

Duct Tape Marketing

Marcel is the CEO & Co-Founder of Parakeeto, a company dedicated to helping agencies measure and improve their profitability by streamlining their operations and reporting systems. Click on over and give us a review on iTunes, please! I'm gonna lease you this, you know, cross-functional development team.