What does a startup CTO actually do?
startuplessonslearned.blogspot.com
startuplessonslearned.blogspot.com
Best description I've seen. Startups that follow the opposite scenario often die because they're little more than academic labs, and no one will pay for what they're doing.
Make sure your product does a few things but does them better than anyone else. Define your core competency and stick to it, establish a name for yourself, then begin stacking on features to distance yourself while competitors play catchup.
Any product with a feature list 10 feet wide but only a 1 foot deep, is still a baby pool. So guess what happens when a potential customer dives in head first during diligence? For some hackers, it may explain why they can't close a deal.
You only have to be deeper than the other guy, and there may not be much competition. On the other hand, every customer needs a new feature...
The "five essential skills" are critical on day -1 of the start-up. If you select the wrong platform, aren't aware of what it can do, can't come up with many options to do each of the things that need to be done, don't find the right 80/20 compromise, and can't recruit more technical talent, your technology start-up is screwed from the get-go. It might burn on for a while, but it'll all turn to ashes if you don't have a good start-up CTO.
CIO = Consume Best Technologies for The Business
It's worth pointing out that many of these responsibilities don't just appear out of nowhere. They're there from day one - from day -1, in fact. They might become more formalised as the start-up grows, but I'd be seriously worried about any start-up whose CTO (or technical cofounder) doesn't take up responsibilities 1-4 at least right away.