Equity-Only CTO and Equity-Only Developers


I had a recent email dialog with the founder of a company looking for a CTO for their startup. Did they really need a Startup CTO or Developer or both? And do I fit as a Part-Time CTO , Technology Advisor , CTO Founder , Acting CTO ? He needed some kind of CTO and as well Developers. In a few cases it’s where I’m a co-founder of the business. Likely the effective hourly rate as an equity-only CTO Advisor is pretty low.

Corporate Acquisitions of Startups: Why Do They Fail?

Steve Blank

Corporate business development and strategic partner executives are flocking to Silicon Valley to find these five types of innovation. For acquirers this math makes sense since they can factor in the potential impact the startup has when combined with their existing business.

Trending Sources

Episode 1 on Sirius XM Channel 111: Alexander Osterwalder and Oren Jacob

Steve Blank

My guests on Bay Area Ventures on Wharton Business Radio on Sirius XM Channel 111 were: Alexander Osterwalder – inventor of the Business Model Canvas. Oren Jacob , ex-CTO of Pixar and now CEO of ToyTalk. What’s the Business Model Canvas? “It’s

A Tech Company without a CTO is like a Bakery without a Chef

Business Plan Blog

However, the biggest mistake that a non-tech entrepreneur launching a tech business is to neglect bringing on a tech savvy co-founder on the management team. This is generally achieved in one of the following ways: CTO Level Co-Founder (Equity). CTO Employee (Salary).

I’m on the Air – On Sirius XM Channel 111

Steve Blank

Starting this Monday, March 9 th 4-6pm Pacific Time I’ll be on the radio hosting the Bay Area Ventures program on Sirius XM radio Channel 111 – the Wharton Business Radio Channel. Alex Osterwalder – Business Models.

Submitting a Request for Proposal to a Web Developer

Business Plan Blog

If you decide to outsource your website/mobile development to a third-party service provider you will want to put together a good RFP with your CTO before approaching potential vendors. Business name. Business address. Plans to integrate with any third party technology.

True Story: How Bplans.com Started in 1995

Up and Running

In 1997 we hired an NYU undergrad to create a better bplans.com site, focusing on business planning and especially publishing sample plans. He’s now in his middle 30s, has become known for his success as CTO of Huffington Post and as of this month as founder of rebelmouse.com.

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Acting CTO Role in a Start-up


I generally am working as an acting CTO for about 3-4 start-ups or other companies at any one time. I also found this interesting graphic of the changing needs around the CTO role in different size/type companies that somewhat echoes my experience. During Stabilization, often the focus is transitioning to a full-time CTO. So, what is my role as an acting CTO? Basically, the role is to support both the business strategy and technical strategy.

Startup Advice: When to Use a Consulting CTO


Web Startup Lessons Advice from a CTO and Entrepreneur Home About Startup Advice: When to Use a Consulting CTO There are not many to be found. 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.&# Investors use a consulting CTO for technical due diligence. Reply Was muss ein CTO tun?

Startup Blog: Staff & Money or Money & Staff

Taffy Williams

Examples may relate to Biotech, Pharma and Medical Device businesses, but the ideas apply to most technology fields. Hopefully, you got feedback which is useful to improving your presentation and business plan. Advisors and Luck Improve Business - Photo Example.

Document Your MVP for a Developer


I asked some of the same questions I ask in my Free Startup CTO Consulting Sessions and then I get to a very common conversation: Me : Do you have specs? Business Concept The key first part of the conversation with a developer is having a good capture of the business more broadly.

How Much Founder Stock Should You Offer Co-Founders?

Startup Professionals Musings

You need to find the skills or experience you don’t have in business, technology or money. Building a new business is quite different from an executive role in a mature company, so people from these backgrounds are often a liability. Experience and connections in your business area.

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Top 120 Startup Posts for 2010


Some really great stuff in 2010 that aims to help startups around product, technology, business models, etc. My 1,000th Post on This Blog - Tim Berry's Blog - Planning Startups Stories , July 21, 2010 HTML5 video markup, compatibility and playback - Niall Kennedy's Weblog , February 8, 2010 Your Product Needs a Soul - ArcticStartup , February 12, 2010 Product Friday: Monetizing Content is a Product Problem - This is going to be BIG.

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Are You Getting Your Fair Share Of Startup Equity?

Startup Professionals Musings

You need to find the skills or experience you don’t have in business, technology, or money. Building a new business is quite different from an executive role in a mature company, so people from these backgrounds are often a liability. Experience and connections in your business area.

5 Things To Look For In An Angel Investor


by Tom Britton, co-founder & CTO at SyndicateRoom.com. Your first investors can be your most valuable assets so when looking to raise finance you should always look beyond the capital to what else the angel can bring to your business.

You Hardly Ever Fail Because of Your CTO

Babbling VC

If you're going to send your business plan to a VC or pitch their partnership make sure you address this issue right up front. It's always sales that kill most early-stage businesses. I can't remember ever saying "shit, we're going to fail with this one because of the CTO!" I have to admit that when sitting in a pitch hearing endlessly about tech and how innovative a product is, if I don't hear the business case, it all becomes "blah, blah, blah".

Lean Government

Startup Lessons Learned

We were there to talk to Aneesh Chopra, then the CTO of the United States, and Todd Park, then the CTO of the Department of Health and Human Services (HHS). Todd is there too, having just been appointed his successor as CTO of the United States. And that's not six months to write up a cool business plan. TLDR: Two things: 1) Uncle Sam (and I) want you to be an entrepreneur inside the US Federal Government as a White House Innovation Fellow.

Why Lean May Save Your Life – The I-Corps @ NIH

Steve Blank

The traditional model of how to turn scientific discovery into a business has been: 1) make a substantive discovery, 2) write a business plan/grant application, 3) raise funding, 4) execute the plan, 5) reap the financial reward.

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The Audacious Plan to Make Electricity as Easy as WiFi

Both Sides of the Table

Meredith came to see me along with the CTO Marc Berte. Meredith Perry came up with the idea for uBeam while still in college at University of Pennsylvania and like many great inventors won her school’s business plan competition. I am inspired by her ambitions and plans.

How Startups Can Keep Product Development Lean


by Steve Owens, Founder and CTO of Finish Line Product Development Services. The lean start-up movement has been based on a single insight – which the purpose of a start-up is to discover a business model that works. Start-ups are very different from established businesses.

Why Uber is The Revenge of the Founders

Steve Blank

A version of this article is in the Harvard Business Review. None of this was law, and nothing in writing required this; this was just how these firms did business to protect their large institutional customers who would buy the stock. A CEO brought in from a large company came with all the big company accoutrements – org charts, HR departments with formal processes and procedure handbooks, formal waterfall engineering methodology, sales compensation plans, etc.

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Customer Validation - 33 Great Articles


" Today I had two conversations with early stage startups (see Free CTO Consulting ). I saw a great post from Tristan Kromer Pivoting on Investor Feedback a.k.a Beware of Mentors. It was a top post on StartupRoar on Tuesday.

How to Dramatically Increase Pageviews on Your Website

Inc Startups

There are low-cost ways to increase views on any site for any business. Russ Jones, the CTO of Web marketing company Virante , told me the basic idea is to create pages that are targeted at specific influencers and high-profile experts.

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10 Entrepreneur Milestones That Make Funding Easy

Startup Professionals Musings

Every investor expects to see some business traction, both before and after a funding event. Here are some tips which will signal traction and fundability to investors, as well as to your team: Document your business plan. milestones entrepreneur startup funding business

Min.us Wins Babson Student Business Of The Year Award

Campus Entrepreneurship

has received the Babson College 2011 Student Business of the Year Award. Founders: * John Xie ’11 built his first website at the age of 9 and started his first business, Cirtex, at the age of 13. Later he served as CTO at AppZero. Receives Babson College 2011 Student Business Of The Year Award. American Exceptionalism Business Plans & Competitions Campus Eco-System Entrepreneur Profiles Entrepreneurship ProgramsFrom Babson College : Min.us


What Makes an Entrepreneur? Four Letters: JFDI

Both Sides of the Table

Somebody asks whether you plan to set up 401k’s and do contribution matching. You’re sales person is getting blocked by the CTO who says she shouldn’t go above him but the CTO isn’t approving the deal. This is part of my Startup Advice series.

Building a High-Tech Startup Team

Business Plan Blog

A bonafide team is the assurance that the idea can be executed and that the business can scale when the time is right. One recipe for failure (business failure and capital raising failure) is building a lopsided team weighted to one function of the business.

From Start-up to $420 Million Giant: Lessons in Growing Big

Inc Startups

Founder and CTO Walter Scott says Google, Apple, and Bing all use its imagery as does do NASA and even the Russian government. A Ruthlessly Honest Business Plan Don''t think of your business plan as something you''ll use to sell to investors.

How to Do Market Research

Up and Running

I’ve made plenty of mistakes in my business career. Tons of businesses would need it and it was going to be a huge hit! See Also: How Not Doing Market Research Sunk My Business. Don’t just do it to fill in a section of your business plan.

The Ultimate Guide to Starting a Software Company

Up and Running

Step 1: Start with a lean plan. Instead of sitting down to write a 40-page business plan, start with a one-page pitch. The one-page pitch format is also more suitable for SaaS businesses that are constantly testing new ideas. The business model.

Entrepreneur Startup Share Depends on Contribution

Startup Professionals Musings

A startup is all about "execution" - meaning the equity should be allocated based on the value that each partner brings to the table in each of these dominant variables: Experience running a startup business. Who will be the CEO, CFO, and CTO?

10 Keys to Startup Traction That Investors Look For

Startup Professionals Musings

Every investor expects to see some business traction, both before and after a funding event. Here are some tips which will signal traction and fundability to investors, as well as to your team: Document your business plan.

These 10 Steps Will Make Your Startup Fundable

Startup Professionals Musings

Every investor expects to see some business traction, both before and after a funding event. Here are some tips which will signal traction and fundability to investors, as well as to your team: Document your business plan.

Webinar Recap: 14 Tips on How to Pitch and Get Funded

Up and Running

” Our featured speaker was Caroline Cummings, the VP of Business Development at Palo Alto Software. Needless to say, the webinar was absolutely packed with great tips on what it takes to pitch your business so that investors take notice. Then there’s businesses.

Valuations 101: Scorecard Valuation Methodology


Diversification across industry sectors is not as easily achieved for angels as could be accomplished in public markets, but can be achieved by co-investing with trusted angel colleagues in a broader set of businesses. The first step in using the Scorecard Method is to determine the average pre-money valuation of pre-revenue companies in the region and business sector of the target company. In building a business, the quality of the team is paramount to success.

24 Entrepreneurs Share Their Favorite Inspirational Business Quote


Business owners are particularly partial to famous quotations. Reading a motivational speech from a business legend or famous creative mind can give you a spark. My favorite business quote as it relates to work ethic is: “Morgenstund hat Gold im Mund.”

How to Divide Equity to Startup Founders, Advisors, and Employees


Jones Center for Entrepreneurship at the Tepper School of Business at Carnegie Mellon University invented an interesting way to divide equity between founders in a way that is both logical and fair. Business Plan 2 3 6 8 16. Hi, I just started my first Business Venture.

Founder's Dilemmas: Equity Splits


Noam is one of a rare breed of business academics: he studies entrepreneurship using a rigorous empirical approach. At the company level, founders learn about the flaws in their initial plans and adjust the startup’s strategy, business plan,and business model.

Best Advice I Ever Got: Dries Buytaert

Inc Startups

Original Drupal creator and Acquia co-founder/CTO Dries Buytaert explains why startup founders can never think too big--and shares his story of open-source web publishing. We realized quickly that our business plan needed a big change--that we needed to support Drupal in whole.

What Makes a Great Cleantech Team?

Secret Formula

This post was co-written with Josh Rogers, a former Venrock intern who’s now in National Grid ’s Strategic Planning and Corporate Development group. If so, I could simply ignore all the other business plans I get and focus on the ones that matched the template.