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threesevens

11 karma · joined September 2, 2017

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threesevens··on Ask HN: What % equity should I give to CTO?
I do need a programmer, but I would like someone that also takes accountability and ownership of the business. Eventually they'd grow into a CTO role.

I wanted a product made for my own use case, so I paid someone to make it. Now I'm showing people, and there are minor changes they'd want.

threesevens··on Ask HN: What % equity should I give to CTO?
Thank you for this response. Naturally, I agree 100%.

You're right, I may not need a CTO. I would love to bring on someone to do part-time work as it comes up, until revenues start coming in. Scaling up from there and having that person become the CTO and grow into the role would be ideal.

threesevens··on Ask HN: What % equity should I give to CTO?
Currently none, but 15 beta testers that will either convert to paying customers or cancel < 30 days.
threesevens··on Ask HN: What % equity should I give to CTO?
That'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.
threesevens··on Ask HN: What % equity should I give to CTO?
No, I'll be the one performing web demos and selling customers. I've gotten pretty far with product market fit, now it's figuring out marketing and selling.

CTO will come on to make updates to the product and make it even better/fix bugs.

threesevens··on Ask HN: What % equity should I give to CTO?
It was a good friend of mine that was 50/50 partner, but ended up choosing to work on another project instead. I was left with 80% of an MVP, so I hired a contractor out of pocket to finish up.

I'm a VP of Sales at a startup, and have done the design, product fit, and selling. Literally everything aside from coding.

threesevens··on Ask HN: What % equity should I give to CTO?
Yes, 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.