HOW TO FIND AND VETA TECHNICALCOFOUNDERFreelanceCTO – FastStartStudios – November2012
How to Find and Vet aTechnical CoFounderAgenda Introduction and Quick Survey What are we talking about? Who am I? Who are you? Presentation Questions and Wrap-Up
FreelanceCTO is aTechnical CoFounder Founding Engineer for first commercial Internet company: HotWired/Wired Digital Founder Status at 10+ companies over 20+ years 40+ companies and products over 20+ years Company stages include Bootstrap, Seed, Angel, VC (Series A,B, C), Fortune 500 Funding ranges from 0 to $60M+ over multiple rounds Team sizes range from under 5 to over 150 Acquisitions range from $10M to $4B+
Questions for AudienceAbout You: First-time founder? First-time technology founder? Business background? Technology background? Launching a new product? Overhauling an existing product? How many of you are having problems?
The Talent Landscape All techies are working. If not, it is their choice to not work. The economy is in bad shape. Technology is not! It takes too long to find talent. Above 30 (or after 2 or 3 startups), techies build their own companies Local colleges started targeting startups 1 or 2 years ago
You…in the Eyes of a Techie Techies have heard it all before Hype: world-changing, but “I can’t tell you what it is” Terminology: “revolutionary” terminology = unfunded All techies have been burned Techies are the “belle of the ball” at practically every tech event. It can overwhelm them You have an unrealistic budget (time, money, or both)
CoFounder Goals Determine the following: Do you need full-time technical leadership? Is CoSourcing an option?: Meet as many techies as you can Get expert help A little help: Technical Adviser (free) Some help: Technical Adviser (paid) A lot of help: CTO (paid) Build trust over time with the techies you meet
Where to Find YourCoFounder? Your personal network Technology Meetups Meetup verticals with bad reputations with techies: Entertainment Business Development, Marketing, and Sales Ask an expert which ones you should go to Hackathons Bring your own team or join lots of teams Local Universities(?)
Interviewing Your CoFounder If you are a techie: If you are not a techie: Smarts Skills Culture Smarts Skills CultureAsk your potential CoFounder to draw yourbusiness:• Diagram with only boxes & arrows 1 in 10 Only• Use generic terms techies can do it!!• Avoid using brand names
After Hiring Your CoFounder Seed, Feed, and Weed Fire Fast!!!! Learn how to interpret and listen to your gut instincts
FreelanceCTO LLC John Shiple, CEO John@FreelanceCTO.com www.FreelanceCTO.com 310.893.3687 @FreelanceCTO Active in local community: LA CTO Forum SoCal Code Camp Silicon Beach Fest Hackathons, Hackathons, Hackathons!