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What sort of value are you gaining from the MVP? Can you make money now from it? Is there substantial market learnings to be gained from it (outside friends and
by ugh123 9y ago
What sort of value are you gaining from the MVP? Can you make money now from it? Is there substantial market learnings to be gained from it (outside friends and family usage?). If not any of the above then you'll need a CTO who can build a production-ready service. Personally, i've seen some pretty shitty MVPs and would probably build from scratch.
Start at 50/50. Its on you to justify more for yourself.
- threesevens 9y agoYes, I should be able to sign on at least 10 paying customers ($500-5000 in MRR). It's actually in a really good place, tech and build wise.
- owebmaster 9y agoIf you can get the customers to pay before get a CTO, you can give him 10-20% and a good salary. If not, at least 50% and you will have a hard time convincing someone good enough to help you achieve success.
- threesevens 9y agoThat's what I was thinking. I won't be able to afford a "good salary" for a while, and it's still part-time only. I was thinking ~15% and then salary once we're there.
- owebmaster 9y ago> I was thinking ~15% and then salary once we're there. This is not what I suggested . If you want a junior as CTO you can find some in dev bootcamps, universities or startup events.
- brianwawok 9y agoWhy would someone code for 15% of currently nothing vs go consult for 150 bucks an hour? Could a developer do your job plus his own and thus own 100% of the business? Some developers can sell too.
- bdcravens 9y agoI think this overstates the value of the MVP. It sounds like the CTO contributed only technical assets, while the OP is the one building the actual business.
- hpagey 9y agoI agree, it will be very hard to convince a CTO or any good engineer for that matter to join for even 20%, especially since you are pre revenue.