Startup Professionals Musings

SEPTEMBER 29, 2018

Deferred payments start with stretching the payables period but, more importantly, include giving employee equity in lieu of a higher salaries and negotiating vendor deferred payments out of future revenues. For example, a software development startup raising $250,000 from angel investors better be able to operate on $25,000 per month.

Burn Rate 223

Burn Rate Hockey Stick Startup Salary 223

Startup Professionals Musings

OCTOBER 5, 2014

Deferred payments start with stretching the payables period but, more importantly, include giving employee equity in lieu of a higher salaries and negotiating vendor deferred payments out of future revenues. For example, a software development startup raising $250,000 from angel investors better be able to operate on $25,000 per month.

Burn Rate 262

Burn Rate Hockey Stick Entrepreneur Salary 262

SoCal CTO

MARCH 12, 2012

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? Go to user groups.

Technical Cofounder 211

Technical Cofounder Cofounder CTO Hire Los Angeles 211

Startup Professionals Musings

FEBRUARY 21, 2012

The cost of giving up more equity early is often more than offset by the increased flexibility to recover from mistakes. Pay people with equity or future revenue. Another one to avoid cash burn for software development is a contract for percent of future revenue. Great strategy. Do it yourself and barter for services.

Burn Rate 232

Burn Rate Startup Salary Equity 232

This is going to be BIG.

AUGUST 21, 2014

They can help vet what you''re building, give you credibility in the hiring process and help assess candidates. Go find someone technical you could probably never hire. What you can offer is interestingness, a thoughtful challenge, and a little bit of equity. This is where a good technical advisor can help.

Founder 120

Founder Software Developers Software Development Venture Capital 120

Up and Running

AUGUST 30, 2021

You must have a passion for the problem and a love for building great products. It can be a small and nimble startup like Origin, or a company with 50 employees and hiring more every quarter. Alex understood he knew next to nothing about software development and engineering, so he searched for an engineer.

Entrepreneur 132

Entrepreneur Lean Colorado Engineer 132

Startup Professionals Musings

JANUARY 28, 2011

The cost of giving up more equity early is often more than offset by the increased flexibility to recover from mistakes. Pay people with equity or future revenue. Another one to avoid cash burn for software development is a contract for percent of future revenue. Great strategy. Do it yourself and barter for services.

Burn Rate 231

Burn Rate Startup Salary Equity 231

Startup Professionals Musings

SEPTEMBER 14, 2016

Deferred payments start with stretching the payables period but, more importantly, include giving employee equity in lieu of a higher salaries and negotiating vendor deferred payments out of future revenues. For example, a software development startup raising $250,000 from angel investors better be able to operate on $25,000 per month.

Burn Rate 120

Burn Rate Hockey Stick Startup Salary 120

SoCal CTO

MAY 27, 2010

You can follow the link above for more details, but the basic idea is that most startup founders have a pretty good understanding of the basics of what they want to do and a vision for the product. And there are all sorts of different kinds of technical people who might help with getting that product to happen.

CTO Hire 170

CTO Hire Developer Founder Startup 170

Startup Professionals Musings

FEBRUARY 5, 2010

The cost of giving up more equity early is often more than offset by the increased flexibility to recover from mistakes. Pay people with equity or future revenue. Another one to avoid cash burn for software development is a contract for percent of future revenue. Great strategy. Do it yourself and barter for services.

Burn Rate 120

Burn Rate Startup Salary Equity 120

Austin Startup

JULY 8, 2017

It usually takes experience in the market for business people to truly understand the realities of hiring and working with lawyers. Anyone selling anything (a product, a service, themselves) has to justify it somehow, and “those damn lawyers” are a great bullseye. Quickly hiring an “in house” lawyer won’t save you a dime.

Startup 48

Startup Salary Early Stage Software 48

crowdSPRING Blog

FEBRUARY 15, 2013

Why Humility is Essential for Every New Startup Hire – [link]. How should one go about pricing their software product? How Much Equity Do Your Employees Deserve? How CEOs Stay So Productive | Fast Company – [link]. What is someone going to stop doing when they start using your product?

Social Media 107

Social Media Small Business Design Media 107

David Teten

OCTOBER 1, 2015

Should you co-found your company with a software development shop? Not surprisingly, the list above also is ranked from least to most equity stake in an investment for the investor, relative to the cash they invest. equity that belongs to departed cofounders)? mentor VCs, e.g., most VCs. What are the timelines?

Software Developers 60

Software Developers Software Development Software Review Technical Cofounder 60

crowdSPRING Blog

MAY 9, 2014

Surprising Trends in Startup Founder Equity Stakes | by Tomasz Tunguz – crowdspring.co/1njnhbl. With IPO Hopes Fading, Square And Box Face Reality Of Commodity Products | TechCrunch – crowdspring.co/1rWbako. Words of wisdom from Bonobos: don’t hire for experience – crowdspring.co/1nQ25Mo. 1j0HTod. .

Social Media 93

Social Media Small Business Design Media 93

rapidrollout.wordpress.com

JANUARY 15, 2011

He or she might call himself a “consulting CTO,&# “freelance CTO,&# “on-demand CTO,&# “CTO on call,&# “CTO for hire,&# or just a “technology strategy advisor.&# And finally, you may be able to avoid diluting your equity. And why would you hire a technology guy who launched a failed startup?

Fractional CTO 40

Fractional CTO CTO CTO Hire Fractional VPE 40

Hearpreneur

JUNE 4, 2021

And that’s how I started my private equity business where I acquire both online and offline assets such as lead generation websites and physical real estate. So I packed in my day job – as a software developer – and devoted more time monetizing the blog and website. Thanks to Daniel Javor, Next Luxury ! #4-

Entrepreneur 135

Entrepreneur B2B Database Technical Review 135

crowdSPRING Blog

JANUARY 5, 2012

The ideal product manager – [link]. Stop whining and start hiring remote workers – [link]. The ideal product manager – [link]. Experienced entrepreneurs preserve equity – [link]. Experienced entrepreneurs preserve equity – [link]. Mocked And Misunderstood – [link].

Social Media 92

Social Media Small Business Design Media 92

crowdSPRING Blog

APRIL 5, 2013

“Products take off not just because of WHAT they do but HOW they make us feel.” Why I No Longer Advise Startups to Hire M.B.A.s | The Accelerators-WSJ – [link]. “Products take off not just because of WHAT they do but HOW they make us feel.” The Law of Timing in Negotiations – [link].

Social Media 92

Social Media Small Business Design Media 92

Software By Rob

NOVEMBER 19, 2009

People know when they’re in the presence of someone who really cares about their code/product/startup. If you don’t have passion for your code/product/startup everyone will know. It’s an insult to you, your product and your craft. So choose a market that cares and will pay for a great service or product. #3

Software Review 56

Software Review Software Developers Software Development RSS 56

SoCal CTO

FEBRUARY 13, 2013

Investors my tell you that, but what they can look at your product on paper and tell what it does and they will understand if it can be built. Leverage Existing Platforms or Third Party Products - you want to test your social network, grab Drupal and whip something together, or even just use a hosted service.

Technical Cofounder 338

Technical Cofounder Technical Review CTO Hire Fractional CTO 338

Altgate

SEPTEMBER 16, 2010

For example, you can barter for a service or you can negotiate payment terms or even equity for service. World class In-house UX is one of the most challenging hires you’ll make. Having managed a lot of software development both local and offshore, this is a topic I plan to write more on. To that I say baloney.

Software Review 65

Software Review Offshore Startup Boston 65

Scalable Startup

AUGUST 9, 2018

They need the money to rent offices, hire staff, and establish their initial presence (website, incorporation, marketing). when you are just starting, probably no product or service yet. Option Two: Once your product or service is up and running and gaining traction. Without funding most tech startups will die.

Technical Cofounder 20

Technical Cofounder Silicon Valley Early Stage Cofounder 20

femgineer.com

JULY 18, 2010

If you’re a founder who is still trying to grasp the product roadmap and create a company vision its probably not a good time to hire an engineer. Sweat equity or salary? So we get attached to our team and product, and its hard to forsake that for another opportunity that we’re unsure of.

Engineer 41

Engineer Software Review Startup Technical Review 41

www.virtuosimedia.com

MARCH 8, 2012

If, by chance, the relationship does survive and the product gets launched, that doesn’t mean that there’s smooth sailing from that point forward. Startup internet projects often arrive slightly buggy at first and if the entrepreneur didn’t take the time to research the market in advance, the product can be dead on arrival.

Technical Cofounder 41

Technical Cofounder Cofounder Technical Review NDA 41

rob.by

MARCH 8, 2012

Michael’s last gripe is that “software engineers don’t work for free.” ” I believe that by this he means they want cash rather than equity. “Business people” and “software people” are misnomers. What is the product? I absolutely want cofounders when the time comes.

Technical Cofounder 42

Technical Cofounder Cofounder Software Engineering Fractional CTO 42

discuss.joelonsoftware.com

NOVEMBER 1, 2010

where I can learn about how to build a sweat equity team? Right now, my business is just myself and a part-time employee who does support, testing, and product usability design. Rather, it is a proposal for sweat-equity investors. In particular, I want to bring on a full-time marketing person, and a full-time developer.

Sweat Equity 40

Sweat Equity Equity Angel Investor Affiliate 40

blog.captainrecruiter.com

MARCH 8, 2012

If you want to build a business that requires software, be prepared to invest a little money. I recently met a junior software developer working for $200/week + room & board at a business geeks house. The business geek needed a working software prototype and the programmer needed experience.

Cofounder 40

Cofounder Technical Cofounder Founder Software Engineering 40

blog.nahurst.com

JULY 19, 2010

This covers one of the most common situations I encounter: For a pre-funding web startup whose team includes only a non-technical cofounder, how much equity should an incoming technical cofounder get? This is an area that varies widely and can significantly impact how much equity a technical cofounder receives (if they take more salary).

Technical Cofounder 43

Technical Cofounder Cofounder Equity Salary 43

bhargreaves.com

MARCH 7, 2010

Most disturbingly, I’ve occasionally found myself agreeing with an entrepreneur’s decision to hire a development shop to build their product. In brief, startups succeed because there is strong alignment of interests among all parties, especially with the people who are actually building the product.

Hiring 40

Hiring Technical Review Agile Software Review 40

Reid Hoffman

JULY 27, 2021

If they don’t have the right skills or resources, they’ll pick them up along the way by hiring someone, partnering with someone, or just learning it themselves. As opposed to taking a potentially smart risk on equity). The broad brush description of entrepreneurs is that they are Nike fans – they just do it. In other words, execution.

Silicon Valley 69

Silicon Valley Venture Capital Balance Sheet Cofounder 69

Reid Hoffman

JULY 27, 2021

If they don’t have the right skills or resources, they’ll pick them up along the way by hiring someone, partnering with someone, or just learning it themselves. As opposed to taking a potentially smart risk on equity). The broad brush description of entrepreneurs is that they are Nike fans – they just do it. In other words, execution.

Silicon Valley 69

Silicon Valley Venture Capital Balance Sheet Cofounder 69

maplebutter.com

JANUARY 8, 2013

You are here: Home » Hiring » Crazy! Written By Dan Martell on February 2nd, 2012 | Category: Hiring LeanStartup Marketing Metrics Startup Life | 6 Comments. Building Product 2. Would it be a good idea clubbing all the other products / services under 1 venture, because some of them are totally unrelated.

Technical Review 44

Technical Review Startup Cofounder Software Review 44

Startup Lessons Learned

FEBRUARY 22, 2010

There’s been a lot of hand-wringing about gender equity in the high-tech and entrepreneurship worlds lately. Even if men have an innate advantage at software development, the gap would have to be massive in order to explain why startup after startup has an all-male team. This is a good thing. (I

San Francisco 167

San Francisco Lean Sweden Continuous Deployment 167

crowdSPRING Blog

FEBRUARY 21, 2014

The Right Way to Grant Equity to Your Employees - crowdspring.co/1bCrvce. How to hire and keep good women technologists | LinkedIn - crowdspring.co/1harsCi. Keith Rabois on the Role of a COO, How to Hire and Why Transparency Matters - crowdspring.co/1bCtGfO. The Right Way to Grant Equity to Your Employees – crowdspring.co/1bCrvce.

Social Media 92

Social Media Small Business Design Media 92

Ben's Blog

APRIL 28, 2010

The conventional wisdom says a startup CEO should make way for a professional CEO once the company has achieved product-market fit. Salmon points out that “not a single one of the 12 [candidates] is a CEO who was hired to run a company by its board of directors.”. These innovations are product cycles.

Technical Review 78

Technical Review Cofounder Technical Cofounder Software Review 78

crowdSPRING Blog

NOVEMBER 18, 2011

Zynga, Equity & Tough Decisions – [link]. The Wisest Entrepreneurs Know How to Preserve Equity – [link]. So much excess in hiring by Silicon Valley startups. Legal Contracts for Software Developers Who Hate Contracts (w/free contract template tco use today) – [link].

Social Media 96

Social Media Small Business Design Media 96

www.quora.com

JANUARY 16, 2011

Someone who is egotistical enough to call themselves a rockstar, yet humble enough not to want 99% of the equity? " If you just have an idea, my advice is to outsource the dev of the minimum viable product to someone on RentaCoder or GetaCoder. Just go to a meetup or post an ad promising equity. This person does not exist.

Developer 42

Developer Technical Review Cofounder Technical Cofounder 42