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Yep, it's worse actually. You rarely get offered anywhere near 50%. Over the years I've coached more than a few founders. Usually they come to me because they
by jillesvangurp 5y ago
Yep, it's worse actually. You rarely get offered anywhere near 50%.
Over the years I've coached more than a few founders. Usually they come to me because they are looking for a CTO because they assume they need one. My #1 advice to companies like that is actually to not get a CTO unless they are a proper tech startup where the tech is what defines the company. Most startups simply aren't and they need skilled engineers rather than some CTO/propellor head. They need somebody that will build them an MVP and that is good at bringing in more tech people when growth happens.
I have a few reasons for this:
1) the type of engineer that ends up taking that role is rarely proper CTO or even management material; or even very senior when it comes to engineering. It's a convenience marriage between a random tech person who happens to be available and some business people not really qualified to make tech hiring decisions. So, avoid that situation and get some doers involved and give them enough equity or cash to keep them motivated but without creating the illusion that they are there to do something else than executing your vision.
2) inevitably the moment comes where early CTOs not really suitable for the job need to be replaced (or simply walk away) if the company actually survives long enough. As a founder you need to be honest about how the company will evolve. And that often means getting some grown ups involved as soon as money allows for that; especially on the tech front. I've seen more than a few startups with very awkward CTO types getting a senior baby sitter in the form of a VP of engineering or something similar.
3) CTO is a vanity title in a startup. You can use it to up-sell to engineers their role in your company and sometimes you need to do that to keep them and get them to build your product. However, it often ends up looking a bit desperate when you hand it out to the first engineer willing to talk to you and it creates awkward situations when you later meet someone more suitable for the role.
If you are a proper tech company it's different. You need such a company to be driven by a technical founder and such a company needs to be created primarily by technical founders. So, it would be unusual for such a company to be even looking for a CTO because that would indicate some serious issues with the founding team. They'd be looking for CMO/CSO/CEO types instead.