Startup Professionals Musings

FEBRUARY 21, 2012

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. Another one to avoid cash burn for software development is a contract for percent of future revenue. Great strategy.

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Burn Rate Startup Salary Equity 232

Startup Professionals Musings

APRIL 17, 2011

Since my background includes software development, I often get the question about when to build a solution in-house, versus outsourcing it to a local company, near-shore service, or off-shore organization in China, India, or Eastern Europe. Overall, I believe that the demise of software entrepreneurs has been greatly exaggerated.

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Intellectual Property Non-disclosure Agreement Non-Compete Vietnam 225

YoungUpstarts

JANUARY 28, 2016

By Omer Tadjer, CEO and co-founder of Comeet. Hiring mistakes and turnover can be costly for any organization; according to the Society for Human Resource Management , it can cost as much as half of an employee’s annual salary to replace them.

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Startup Professionals Musings

JANUARY 28, 2011

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. Another one to avoid cash burn for software development is a contract for percent of future revenue. Great strategy.

Burn Rate 231

Burn Rate Startup Salary Equity 231

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?

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Technical Cofounder Cofounder CTO Hire Los Angeles 211

The Next Web

FEBRUARY 1, 2014

So you have a great idea for a new mobile app or Web service—but you don’t know anything about coding or developing. You might have started searching for a tech-oriented co-founder to help you launch your idea, only to find that your startup can’t afford the ongoing salary for a skilled software developer.

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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

Feld Thoughts

JUNE 6, 2016

To address this, Heather Terenzio, founder and CEO of Boulder’s Techtonic Group, developed Techtonic Academy , an innovative solution in the form of Colorado’s first federally recognized by the Department of Labor technology apprenticeship. I think many software developers share that sentiment. The benefits are obvious.

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Coder Salary Software Engineering Software 70

YoungUpstarts

JUNE 12, 2014

Working at Netegrity was an invaluable learning experience, and the salary and benefits gave me a level of disposable income and financial security that I’d never had as an independent consultant. If you’re not a strong software developer, for example, hire someone or bring on a co-founder who is.

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Angel Investor Security Cofounder Salary 275

YoungUpstarts

AUGUST 25, 2016

by Aytekin Tank, founder & CEO of JotForm. In the realm of software and internet companies, 2006 was a whole different landscape, and it was the year that I founded JotForm. I was working as a software developer in New York City and came upon a recurring problem, having to spend tedious hours coding online forms.

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Startup Professionals Musings

APRIL 4, 2010

Since my background includes software development, I often get the question about when to build a solution in-house, versus outsourcing it to a local company, near-shore service, or off-shore organization in China, India, or Eastern Europe. Overall, I believe that the demise of software entrepreneurs has been greatly exaggerated.

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Software Intellectual Property Non-disclosure Agreement Non-Compete 129

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. I can’t tell you how many times I run into first-time founders who’ve been fed absolute nonsense from ‘advisors’ ‘mentors’ or similarly named people about their ‘secrets’ for managing legal spend.

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Startup Salary Early Stage Software 48

Startup Professionals Musings

FEBRUARY 5, 2010

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. Another one to avoid cash burn for software development is a contract for percent of future revenue. Great strategy.

Burn Rate 120

Burn Rate Startup Salary Equity 120

ReadWriteStart

MAY 10, 2012

Bishay would charge tuition but would refund it if the students got jobs as developers and he earned a recruitment fee from the hiring company. So began Developer Boot Camp. I appreciate that the tech companies are hiring and there is a need, but that is not what inspires me. Teaching People how to be Programmers.

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Ruby Developer San Francisco Silicon Valley 137

www.joelonsoftware.com

MARCH 24, 2010

When we decide to hire someone, the interviewers who were involved in the "hire" decision will sit down with the candidates resume and salary history and figure out what level they will start at. Some companies actually consider it a firing offense to reveal your salary! Its neat and egalitarian.

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Software Review Stock Options Salary Technical Review 48

Hearpreneur

JUNE 4, 2021

Feeling motivated by this realization, I connected with my brilliant Co-Founder Amy Yuan, who then built a massive database consisting of reviews, assessments, and scientific research related to skincare. Even though I had a job and earned a decent salary, I was spinning my wheels just to pay my bills. Photo Credit: Victoria Wieck.

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Entrepreneur B2B Database Technical Review 133

Transformify

AUGUST 27, 2017

All of the above is true, but it is also true that many startups have failed because they hired too early, too fast, or fired too late. Many of the points below can be found among the best hiring practices for startups and there is nothing wrong with them in general. It all starts with the founders. Then the hiring begins.

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Hiring Software Review Burn Rate Startup 64

rob.by

MARCH 8, 2012

He begins by explaining how he arrived at his conclusion: I began the hunt to find a technical co-founder – a software engineer who works for no cash – to help me build my dream website. Twelve months into my startup journey I had four half-built websites that had been built by my four ex-technical co-founders.

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Technical Cofounder Cofounder Software Engineering Fractional CTO 42

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. There are a lot of engineers out there who have been burned by founders who pull and push them in a variety of directions. Sweat equity or salary?

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Engineer Software Review Startup Technical Review 41

A Smart Bear: Startups and Marketing for Geeks

NOVEMBER 7, 2017

A suitable replacement is too rare; it takes too long to find someone, convince them to join for almost no salary, and get them up-to-speed and productive. ” This is a component of why founders are almost always sad and sometimes permanently depressed even after a successful sale of a company. Talk about brittle!

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Software Review Channel Revenue Non-Compete 294

Duct Tape Marketing

FEBRUARY 8, 2024

He's a co-founder and chairman of Work Better Now, which provides talent from Latin America for US based businesses. Rob (01:06): Yeah, I hired my first assistant in 2013. There's plenty of work for them to do, and you even think about hiring another one. This is John Jantsch and my guest today is Rob Levin.

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Offshore America El Salvador Software Review 68

www.virtuosimedia.com

MARCH 8, 2012

This article should also serve as a starting guide for programmers who are approached about becoming technical co-founders. Do an initial financial projection based on competitors’ prices, your development costs, and the advertising costs to see if your product is financially viable. Sign that person to an NDA if necessary.

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Technical Cofounder Cofounder Technical Review NDA 41

ReadWriteStart

JANUARY 16, 2020

The same person can be a developer and a technical manager, while a non-technical founder is more likely to be accountable for marketing. The expertise of administrators and senior-level developers suffices to handle routine technical tasks under the guidance of such company members as VP of Engineering, Team Lead, and Project Manager.

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Fractional CTO CTO CTO Hire Part-Time VPE 85

YoungUpstarts

AUGUST 19, 2016

Crab says she was swayed by the company’s culture of continuous learning — not the perks or salary — proving that employee development hones the sharpest competitive edge companies can buy. Depending on your startup’s needs, it can be a toss-up on whether to hire for attitude or skill. Talent vs. Training.

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Startup Burn Rate Cofounder Salary 100

Startup Lessons Learned

AUGUST 26, 2020

They founded Onward, a platform that matches displaced workers--usually, hourly workers--to industries that are hiring rapidly right now. Jake Soberal and Irma Olguin are the founders of a company called Bitwise. Here's my conversation with the founders of Bitwise. I am the co-founder and CEO of Bitwise Industries.

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Reid Hoffman

JULY 27, 2021

Notice that I didn’t say I wouldn’t invest in a founder with an MBA; there are many amazing entrepreneurs and investors with MBAs, such as my friend Aneel Bhusri of Workday. 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.

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Silicon Valley Venture Capital Balance Sheet Cofounder 69

Reid Hoffman

JULY 27, 2021

Notice that I didn’t say I wouldn’t invest in a founder with an MBA; there are many amazing entrepreneurs and investors with MBAs, such as my friend Aneel Bhusri of Workday. 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.

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Silicon Valley Venture Capital Balance Sheet Cofounder 69

blog.nahurst.com

JULY 19, 2010

Compensation is probably between $0 and a ramen salary. This is an area that varies widely and can significantly impact how much equity a technical cofounder receives (if they take more salary). Execution is what matters, and in most web startups that falls on the technical founder. Especially a company based on your vision.

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Technical Cofounder Cofounder Equity Salary 43

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. Whats is the best way to find a co-founder for your startup? Ability to hire top talent (A+ talent). you can hire for those. Maple Butter.

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Technical Review Startup Cofounder Software Review 44

www.paulgraham.com

OCTOBER 23, 2010

And since a startup thatsucceeds ordinarily makes its founders rich, that implies gettingrich is doable too. A lot ofwould-be startup founders think the key to the whole process is theinitial idea, and from that point all you have to do is execute.Venture capitalists know better. Ideally you want between two and four founders.

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Startup Cofounder Software Stock 105

Software By Rob

SEPTEMBER 29, 2010

Almost four years ago, after a failed attempt to grow my consulting firm, I made the decision to never hire another employee. Through my experience as a manager and employer I realized that the time and energy it takes to hire, manage, motivate, train, administer, and retain employees would be better invested in adding value to my products.

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Software Review Costa Rica RSS Employee 50

Software By Rob

SEPTEMBER 29, 2010

Almost four years ago, after a failed attempt to grow my consulting firm, I made the decision to never hire another employee. Through my experience as a manager and employer I realized that the time and energy it takes to hire, manage, motivate, train, administer, and retain employees would be better invested in adding value to my products.

Software Review 27

Software Review Costa Rica RSS Employee 27

discuss.joelonsoftware.com

NOVEMBER 1, 2010

Movie: "Make Better Software" is a 6 movie course designed to help you as you grow from a micro-ISV to a large software company. An employee is normally paid a salary or wages. where I can learn about how to build a sweat equity team? But it is a start-up in the sense of making a big quantum step forward in the marketplace.

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Sweat Equity Equity Angel Investor Affiliate 40

Software By Rob

JANUARY 7, 2009

You can go without these expenses for a short time while in startup mode, but if you plan to build a company that’s sustainable in the long-run you’re going to need to cover these expenses before you think about collecting a salary. 4 Inflecto [Software Developers] on 01.08.09 Costs range from $300-$1000 per year.

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Software Review Software Hosting Salary 52

www.singlefounder.com

OCTOBER 23, 2010

Company founders don’t have the luxury of ‘diversifying their portfolio,’ so to speak. They work at their company until funding is pulled, it goes bust, it’s sold, etc… It’s hard to be the founder at multiple companies at the same time. Myth #3: I need a partner. However, it could be more complete.

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Software Review Software Startup Massachusetts 40

A Smart Bear: Startups and Marketing for Geeks

FEBRUARY 7, 2011

Maybe hire an employee for $30 per hour and re-bill them at $60. Suppose you hire an employee at $60,000/year. Oh sure, founders work 60-80-hour weeks, but not employees. And let’s suppose you want to allocate just a little time for career development. Easy money, right? Double is nothing. Isn’t that better?

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America Employee Hiring HTML 330

blog.expensify.com

APRIL 24, 2012

Update: The end is near, Expensify is hiring a.NET programmer! As you might know, we’re hiring the best programmers in the world. If you are a startup looking to hire really excellent people, take notice of.NET on a resume, and ask why it’s there. Expensify Blog. Expense Reports That Don't Suck. Sjoerd Franken.

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Java PHP Software Review Coder 107