There are two questions I am asked by new startup founders far more frequently than anything else. The first is ‘How can I raise funds to finance my product build?’ and the second, ‘Where can I find a CTO to help build my product?’
Everywhere you look, a startup (or, in many instances, a man with half-a-plan) is seeking a ‘Rockstar’ developer or ‘Ninja’ to help take their fledgling idea and make it happen. Of course, they can’t pay you in cash, but they will offer a generous equity deal and you’ll proudly wear the prestigious title of CTO.
My experience working with young and first time startup founders is a frequent lack in understanding the differences between Directors and Shareholders.
It seems everywhere I turn lately I meet enthusiastic individuals who are looking for a Technical Co-Founder to turn their idea into a reality, and experience implies they are in very short supply. If you find yourself in this position, I’ve set out some of the facts and myths, alongside some top tips which should help you achieve your goal.