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> The initial contract is expiring basically now. For several reasons it makes sense to transition the tech team (CTO and 4 SW Engineers) from tech company to s
by 908B64B197 5y ago
> The initial contract is expiring basically now. For several reasons it makes sense to transition the tech team (CTO and 4 SW Engineers) from tech company to startup, main reasons being that startup should not be "depending" on tech company, the startup should have its own CTO and tech team (important to future investors) and the startup does not further need to proxy "access permission" to sensitive data from customers to tech company.
Why? It sounds like the relationship worked out great so far.
Have they considered acquiring the (tech) company? Is the startup the only customer of tech company? Where's the startup headquartered?
- polygonwindow- 5y agoyes, the relationship worked out really well but a transition of the team definitely makes sense for the reasons stated above. Investors are reluctant to invest in a company that is based around a technical product (the platform) but has no dev team and CTO in-house... > Have they considered acquiring the (tech) company? Is the startup the only customer of tech company? Where's the startup headquartered? Well, not really but would be a possibility. But the tech company has significant business besides the startup. The startup is one "venture" of the tech company. Company size of tech company is ~45 FTEs and revenue is a few millions (besides startup). Startup is headquartered in central europe.