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Introducing the Cap Table and Hiring the CTO

Feld Thoughts

As Finance Fridays continues, we are introducing the concept of the Cap Table. This week they set out to create their cap table and hire a CTO. The vesting schedule protects each of the co-founders in case one gets hit by a bus or decides to drop the project after a short period of time.

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Equity for Early Employees in Early Stage Startups

SoCal CTO

For your first key hires, three, five, maybe as much as ten, you will probably not be able to use any kind of formula. For example, suppose you're just two founders and you want to hire an additional hacker who's so good you feel he'll increase the average outcome of the whole company by 20%. n = (1.2 - 1)/1.2 =.167. and we have 11.1%

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Why Uber is The Revenge of the Founders

Steve Blank

Hire a CEO to Go Public. The VCs would hire a CEO with a track record who looked and acted like the type of CEO Wall Street bankers expected to see in large companies. The role of the independent member was typically to tell the founding CEO that the VCs were hiring a new CEO.). People had to actually pay you for your product.

Founder 269
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What Makes an Entrepreneur? Cojones (7/11)

Both Sides of the Table

They often make great team members such as head of products, CTO, head of sales, CFO, etc. It’s lost salary for a period of time. VCs don’t have the same net worth litmus test and great entrepreneurs have a ton of sources for seed money to get financed very early. Pay me half salary until the fund is closed.

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How I Found a Great CTO

www.huffingtonpost.com

Ive occasionally worked with executive recruiters, for example in hiring a CTO for my first company, Eve.com. This time, I decided to handle the process myself. Minted.com is both a global design community and stationery retailer.

CTO 43
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On Leadership, Teams, Success & Happiness

Both Sides of the Table

I’m looking for somebody who is good at planning but doesn’t try to do the work of the VP Finance. So yes, I want to hire somebody with really high IQ and EQ but not somebody who is more knowledgeable at your specific skill set than you are. or; “I don’t have enough money to hire my team yet.

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What to expect before accepting the offer to become Engineer #1 at a startup

The Next Web

They were referring to non-founder engineers, most commonly the first hire for technology businesses. Every time a startup raises capital, all common shareholders are diluted. In cases where a startup is sold within a few years time, there is often acceleration agreements for unvested shares. How do you feel about that number?

Engineer 129