SoCal CTO

SEPTEMBER 27, 2011

Early Employee Equity is an Art I somewhat agree with Fred Wilson in Employee Equity: How Much? For your first key hires, three, five, maybe as much as ten, you will probably not be able to use any kind of formula. Suppose the company wants to make a "profit" of 50% on the new hire mentioned above.

Early Stage 391

Early Stage Equity Sweat Equity CTO Hire 391

SoCal CTO

MARCH 12, 2012

Here are a few perspectives on the topic of finding technical cofounders: In Building a sweat equity team , Joel on Software tells us: You simply need to network. Hire a Product Design Lead First Nailing that elusive technical co-founder Go to user groups. Go to tech (or other relevant industry) events.

Technical Cofounder 211

Technical Cofounder Cofounder CTO Hire Los Angeles 211

The Startup Magazine

JANUARY 10, 2023

He knows that quality of startup hiring is linked to the tone the founder sets for the company. He seeks zeal in potential hires. “We The goal in startup hiring, he says, is to make people feel they can’t walk away. Hiring people is similar to recruiting basketball players, Hufnagel says. Photo by nappy: [link]. “I

Hiring 124

Hiring Founder Sweat Equity Cofounder 124

Startup Professionals Musings

FEBRUARY 15, 2023

With one of the many new tools , and a dose of sweat equity, you can create a website for almost nothing -- and you are on your way to success with ecommerce, your latest invention or personal services. It’s more possible to bootstrap today than a few years ago, as the cost of entry continues to go down.

Equity 349

Equity Hockey Stick Bootstrapping Sweat Equity 349

Startup Professionals Musings

DECEMBER 23, 2013

In today’s Internet world, enterprising entrepreneurs have found that they can find out and do almost anything they need, from incorporating the company to filing patents, without expensive consultants, or the cost to hiring and firing employees. Need expensive resources up front. General startup expenses are beyond your means.

Bootstrapping 252

Bootstrapping Sweat Equity Entrepreneur Technical Review 252

Startup Professionals Musings

SEPTEMBER 25, 2023

The average amount per startup has been $23,000, usually in the form of a convertible loan, rather than an equity investment. The vehicle of choice is most often a convertible note, which is really a loan with a specified duration and interest, with an option to convert it to equity when professional investors come in later.

Sweat Equity 274

Sweat Equity Elevator Pitch Startup Equity 274

Startup Professionals Musings

NOVEMBER 13, 2012

In today’s Internet world, enterprising entrepreneurs have found that they can find out and do almost anything they need, from incorporating the company to filing patents, without expensive consultants, or the cost to hiring and firing employees. Need expensive resources up front. General startup expenses are beyond your means.

Sweat Equity 239

Sweat Equity Technical Review Bootstrapping Equity 239

Startup Professionals Musings

SEPTEMBER 22, 2011

In today’s Internet world, enterprising entrepreneurs have found that they can find out and do almost anything they need, from incorporating the company to filing patents, without expensive consultants, or the cost to hiring and firing employees. Need expensive resources up front. General startup expenses are beyond your means.

Sweat Equity 255

Sweat Equity Technical Review Entrepreneur Bootstrapping 255

Startup Professionals Musings

MAY 18, 2020

With one of the many new tools , and a dose of sweat equity, you can create a website for almost nothing -- and you are on your way to success with ecommerce, your latest invention or personal services. It’s more possible to bootstrap today than a few years ago, as the cost of entry continues to go down.

Hockey Stick 423

Hockey Stick Bootstrapping Sweat Equity Intellectual Property 423

Startup Professionals Musings

APRIL 10, 2016

Most founders like to talk about their many months or years of sweat-equity , but cash invested is a stronger commitment. Every startup should have at least a couple of outside advisors who are not major investors or family members, anxious to talk to new investors and key new hires.

Burn Rate 120

Burn Rate Sweat Equity Technical Review Intellectual Property 120

Gust

DECEMBER 15, 2013

In today’s Internet world, enterprising entrepreneurs have found that they can find out and do almost anything they need, from incorporating the company to filing patents, without expensive consultants, or the cost to hiring and firing employees. Need expensive resources up front. General startup expenses are beyond your means.

Bootstrapping 183

Bootstrapping Sweat Equity Entrepreneur Technical Review 183

Startup Professionals Musings

APRIL 8, 2015

Most founders like to talk about their many months or years of sweat-equity , but cash invested is a stronger commitment. Every startup should have at least a couple of outside advisors who are not major investors or family members, anxious to talk to new investors and key new hires.

Technical Review 120

Technical Review Due Diligence Sweat Equity Burn Rate 120

Startup Professionals Musings

JANUARY 11, 2021

The average amount per startup has been $23,000, usually in the form of a convertible loan, rather than an equity investment. The vehicle of choice is most often a convertible note, which is really a loan with a specified duration and interest, with an option to convert it to equity when professional investors come in later.

Sweat Equity 346

Sweat Equity Elevator Pitch Equity Venture Capital 346

Startup Professionals Musings

MARCH 16, 2016

Sweat equity. This unpaid work component is sized in dollars, added to any funds contributed, to represent the total contribution of a founding partner and converted to an equity ownership percentage in a new startup. They may decide to acquire the startup in order to hire the team for another project in their portfolio.

Software Review 120

Software Review Sweat Equity Accredited Investor Angel Investor 120

Both Sides of the Table

APRIL 19, 2011

o Early on they hired 3 people from ACT software at once (more team hiring) on staff and supplement it with Agency (in LA worked with First Communications – good). If you need money to even hire a developer [means you cannot even excite one person to put in some sweat equity – not a good sign about your ability to motivate people.].

Acquisition 304

Acquisition Customer Warrant Term Sheet 304

grasshopperherder.com

SEPTEMBER 24, 2011

Piercing the Corporate Veil – Sweat Equity Consulting. But much like becoming a co-founder, getting paid sweat equity is essentially becoming an investor in the company. If you did, why would you be consulting for sweat equity instead of investing as a VC or for yourself? GrasshopperHerder.com.

Sweat Equity 41

Sweat Equity Equity Cofounder Non-Compete 41

socialmatchbox.com

OCTOBER 23, 2010

If they hire an accountant to help prepare and file their taxes that may cost around $500. Another option is sweat equity. It is important to realize that most people who are willing to work for sweat equity are not a) the best, b) in demand, and c) going to put their heart and soul into your project.

Part-Time VPE 41

Part-Time VPE Sweat Equity DC Washington 41

ReadWriteStart

DECEMBER 29, 2010

More events, money and startups, means more competition, making it all the more necessary to stand out by hiring outstanding people, being more ambitious, more risk-taking. Unsurprisingly, this seems to weed out the less passionate people, while encouraging others to put in sweat equity in their own ideas. 3 Choices.

Silicon Valley 156

Silicon Valley Finland Sweat Equity Entrepreneur 156

David Teten

MARCH 9, 2021

We hired a coach to help make us a world-class team.” . One or more of our past coworkers are joining us in this new business, and working for sweat equity.”. Note this applies in real time. If we meet you over a period of a month, we’ll notice what happens during that month.

Sweat Equity 78

Sweat Equity Equity Metrics Demand 78

sivers.org

JUNE 25, 2010

Derek Sivers about me blog books email list contact How to hire a programmer to make your ideas happen 2010-06-19 Do you have an idea for a website, online business, or application, but need a programmer to turn that idea into reality? Say, “We are hiring a developer to create only the beginning of an application. Hire one from each.

CTO Hire 84

CTO Hire Hiring Software Review Technical Review 84

The Startup Toolkit

AUGUST 29, 2012

But they also need to see a product team , and hiring someone to build your version 1 does not bring you any closer to finding a team. So is there ever a time when it’s wise to hire out your prototype? For example, if you are a service business that has a website, hiring out version 1 makes perfect sense.

Sweat Equity 45

Sweat Equity Bootstrapping Equity Salary 45

Startup Professionals Musings

DECEMBER 16, 2013

The intent of this question is to determine the level of commitment of founders, both cash and “sweat equity,” and how much others have already invested into this plan. They should be asking to speak to you if you are a potential investor or a superstar hire. How much “skin” is already in the game?

Due Diligence 253

Due Diligence Sweat Equity Intellectual Property Burn Rate 253

Startup Professionals Musings

NOVEMBER 2, 2012

The intent of this question is to determine the level of commitment of founders, both cash and “sweat equity,” and how much others have already invested into this plan. They should be asking to speak to you if you are a potential investor or a superstar hire. How much “skin” is already in the game?

Due Diligence 244

Due Diligence Sweat Equity Burn Rate Intellectual Property 244

YoungUpstarts

AUGUST 10, 2016

You could find cheap products to buy at auctions and hire third party professionals to fix the product before you sell. This is often a fantastic opportunity if you are already a skilled roofer or carpenter who can offer sweat equity. This is however capital intensive and why a lot of aspiring entrepreneurs choose to stay away.

Sweat Equity 100

Sweat Equity Lead Generation Demand SEO 100

Startup Professionals Musings

APRIL 6, 2016

With one of the new free tools and a dose of sweat equity, you can create a website for almost nothing -- and you are on your way to success with ecommerce, your latest invention or personal services. It’s more possible to bootstrap today than a few years ago, as the cost of entry continues to go down.

Bootstrapping 120

Bootstrapping Hockey Stick Sweat Equity Intellectual Property 120

Startup Professionals Musings

SEPTEMBER 5, 2011

The intent of this question is to determine the level of commitment of founders, both cash and “sweat equity,” and how much others have already invested into this plan. They should be asking to speak to you if you are a potential investor or a superstar hire. How much “skin” is already in the game?

Due Diligence 237

Due Diligence Sweat Equity Intellectual Property Entrepreneur 237

Startup Professionals Musings

JUNE 1, 2015

The average amount per startup was $23,000, usually in the form of a convertible loan, rather than an equity investment. The vehicle of choice is most often a convertible note, which is really a loan with a specified duration and interest, with an option to convert it to equity when professional investors come in later.

Sweat Equity 120

Sweat Equity Entrepreneur Elevator Pitch Equity 120

Gust

DECEMBER 8, 2013

The intent of this question is to determine the level of commitment of founders, both cash and “sweat equity,” and how much others have already invested into this plan. They should be asking to speak to you if you are a potential investor or a superstar hire. How much “skin” is already in the game?

Due Diligence 174

Due Diligence Sweat Equity Intellectual Property Burn Rate 174

YoungUpstarts

APRIL 12, 2016

To do this, you will need to invest money in hiring programmers who can build and maintain the app. In the early stages of business, sweat equity can often be a good substitute for cash. By compartmenalizing your business idea, you can identify smaller components that can be launched with your own savings. Find a cofounder.

Cofounder 100

Cofounder Sweat Equity Startup Seed Capital 100

Startup Professionals Musings

AUGUST 20, 2010

The intent of this question is to determine the level of commitment of founders, both cash and "sweat equity,” and how much others have already invested into this plan. They should be asking to speak to you if you are a potential investor or a superstar hire. How much "skin” is already in the game?

Due Diligence 229

Due Diligence Sweat Equity Intellectual Property Startup 229

Up and Running

DECEMBER 23, 2019

Sweat Equity. “I Hire somebody on Upwork or a prototyping agency to create a super simple, stripped-down version ( minimal viable product ) that demonstrates your product. You can use your own savings to fund your company and move to a cheaper area to save money. Inexpensive Freelance Labor.

Finance 92

Finance Sweat Equity Bootstrapping Entrepreneur 92

rapidrollout.wordpress.com

OCTOBER 23, 2010

How can I go about looking for a (very) good programmer willing to do this as sweat equity? You can find a technologist to join you as a partner, for half of the company’s equity. Or you can find seed-stage investors who will give you the money to hire a developer. So you see my dilemma.

Technical Review 40

Technical Review Fractional CTO Partner CTO Hire 40

Up and Running

FEBRUARY 12, 2019

Investors want to hear about your first customers, other investments put into the company (including your own sweat equity), key media placement, signed letters of intent (LOI) to purchase/partner, product and customer milestones , key hires, and so on.

Sweat Equity 122

Sweat Equity Churn Rate Elevator Pitch Forecast 122

Ben's Blog

FEBRUARY 23, 2011

The best companies invest time, money, and sweat equity into becoming world-class recruiting machines. Is it fair game to hire employees from your friend’s company? Nevertheless, almost every CEO will be faced with the decision on whether or not to hire an employee out of her friend’s company. Will you still be friends?

Hiring 78

Hiring Sweat Equity Employee Engineer 78

The Equity Kicker

SEPTEMBER 2, 2015

The founding team sets the mould for future employees of a company and the oft repeated cliche that A players hire A players while B players hire C players is very true. Most commonly that’s done through freelance arrangements and sweat equity deals. Building the right founding team.

Sweat Equity 60

Sweat Equity Cofounder Angel Investor eCommerce 60

philipsmith.typepad.com

SEPTEMBER 24, 2011

What kind of client is this that has blown through the money, wants a top-notch CFO for equity only and actually thinks its OK to waste $80k a year on an executive assistant to the CEO? Looks like you should have hired a CFO a long time ago! Working for equity only is a perfectly valid way to go. Don't get me wrong.

Silicon Valley 40

Silicon Valley Equity Technical Review Software Review 40

Up and Running

APRIL 10, 2019

Many businesses will hire recruiting and onboarding agencies to find employees for their burgeoning digital marketing agency, but if you’re going to build an agency without funding then you need to be doing this yourself. When you’re ready, you can hire the right people for the culture that you create around your business.

Marketing 79

Marketing Sweat Equity Bootstrapping Harvest 79