In startups, CTOs are responsible for translating a founder’s business vision into a tech solution that solves certain problems. Most startups I’ve seen have a non-technical product manager and a de-facto technical project manager in their CTO. I bet you keep hearing that “Finding your dream CTO is not easy”. As in any relationship, be ready to discuss contentious points and, at times, prepare to compromise. The dark streets of Gotham can get lonely without a partner in justice. Also, unless you’re a tech guru, it's quite complicated to check the candidates’ knowledge and skills. Hiring the right chief technology officer (CTO) at the right time is one of the most crucial decisions affecting the growth and evolution of your business. When I first started founding startups, I experienced the hurdles of finding a CTO first-hand. If you can’t find them you can also consider looking for a CTO as a service. If they fail this small test, it could point to much more substantial time management issues; as well as pointing to a lack of experience. This is the equivalent of $2,496/week or $10,815/month. He or she develops policies and procedures and uses technology to enhance products and services that focus on external customers. While there is no formula to find a CTO, there are specific steps you can take to put yourself in a position to succeed: If you can’t find a CTO for your startup, don’t panic. When building a startup, you have many options for software development. A startup’s CTO will likely be the first team member to own security, run audits, document security procedures, and train everyone on the basics. Most agencies worth their salt will offer this service in the form of a free quote or similar – Altar.io included. They will give you precious help on strategy. This requires evaluation. Get a straight to the point opinion from someone that has been building award-winning Products for the past 10 years, Use our pricing simulator to understand how cost can vary depending on your project’s size and complexity. Honestly, both outsourcing software development and CTO as a service are viable options to consider. Test your potential CTO by asking for a simple deliverable. Go to market quickly with a high-quality Minimum Viable Product. There are plenty of startups out there who didn’t start with a CTO. As a CEO at a startup, your most important job is finding and keeping the right talent on the team. Hacktoberfest is upon us. . If you have a brilliant idea that you want to bring to life - drop me a few lines in a private message and let’s chat! Align your expectations; make sure you like them and can trust them. With great power comes great responsibility. By the way, the average hourly rate of a CTO in Eastern Europe is $50. Make sure you’re talking to a real Robin; you may find an inexperienced guy behind that mask. CTO for Startup 1. By no means will you agree on everything 100% of the time, which is why it’s essential to have those lines of communication open. When I first started founding startups, I experienced the hurdles of finding a CTO first-hand. There are many successful startups, however, that build their products before onboarding a CTO. The second is if your potential CTO’s time has more than 50% difference from that of the agency. Discover seven primary reasons. Consider: Finally, don’t rush into a marriage with a CTO. Every startup faces hurdles. They were fantastic at understanding our business objectives and didn’t do anything just because it’s the norm or it just sounds good. Nobody can guarantee that a freelance CTO finishes the project. If they don't code themselves anymore, they should have previously been software engineer and deeply understand the whole stack and the system architecture. And he kept on nailing it. See our approaches to data intensive Apps. Finding a CTO with these traits, in your budget, at the right time is extremely hard – especially for an early-stage startup. They filled up our CTO seat and helped us with strategizing the product development of our MVP. There are circumstances in which it may be better to hire a contractor rather than a c-level technology expert. There is no unique standard about what CTOs should actually do. where you bring on an experienced freelancer to act as your CTO. This occurs when your CTO has another full-time job and ends up treating you and your startup as a “side-gig”. Having a CTO in-house, you can communicate and discuss all the issues without delays. It’s all possible thanks to a plethora of smart algorithms that connect a driver and a user. CTO for Start-Up 2. My name is Ivan Stepan’kov and I’m the Head of Marketing at Cleveroad. This allows you to discover your potential partner’s ability to forecast time to build; as well as their ability to spot the critical points. Alongside this, ask a software development agency to do the same thing. In this case, you won’t need to worry about the technical part. It took me more than 30 months and more than 300 headaches before I found the right guy for the job. How to hire a CTO for your tech startup? The fact is, your Robin needs to have it all, not few or most, all. Chief Technology Officer or CTO helps startups and established companies to build a new product from scratch or improve existing tech solutions, meet deadlines, follow the budget, and manage the development team. The chief technical officer is one of the central figures in a technology startup. CTO can help you close complicated deals. In-house CTO gets a bigger salary than freelancers or specialists from outsourcing companies. Bénéficiez de votre réseau professionnel et changez de travail ! Otherwise, you might fall into the infinite net-abyss. For startups, working with scarce budgets under the pressure of tight deadlines, CTO as a service option may be the key to success. CTO’s roles and responsibilities. Thanks for sharing if you find this article useful. Startup CTO: Roles and Responsibilities You can fully outsource your MVP to an agency, for example. While all of these options are viable, if you find a CTO with the right tech expertise, you’ll have gained a key player to help you succeed. Our technology options for simple transactional apps. Of course, if you don’t have a technical background, you think, “Ok, but how do I evaluate the tech expertise”, don’t worry I have a precise way to deal with that (which I will go into later). If you plan to ask a friend to join you, make your nerves like steel because non-stop quarrels and debates become a part of your daily routine. It really will become a “business marriage”. We are currently in reversed HR dynamics as it pertains to finding CTOs and developers: the talent picks the company – not the other way round. Hiring an experienced CTO is usually time-consuming. Make sure they’re realistic in terms of how long it will take to build the product and that they can identify the critical points. Finding the right CTO isn't a herculean task in today’s job market. You will spend many hours working directly with your technical co-founder. It’s important to find a CTO that is a responsible professional before onboarding them as your partner in crime. This usually means that while the CTO’s primary goal is to make the vision of the non-technical manager a reality, it … And by that I mean: spend the real time that it takes. I’ve taken my experience building six startups, advising dozens and working with many startup founders at Altar.io, and identified the vital qualities every CTO should embody. So, on Friday last week I asked Twitter: If you lose momentum, waiting for the perfect CTO, you risk a competitor taking your place on the market. Robin has to commit to results, but if he makes promises he can’t keep, your credibility will be at stake. Most developers are very, and when I say very, I mean. $120,000 per year. Get straight to the point, jargon-free advice from a tech expert that has been building award-winning Startups for the past 10 years. You must have enough tech knowledge to translate the industry language. You need a leader for your development team. For developers, these archetypes are ok; your CTO, however, is a different thing entirely. It’s essential to reach common ground before you plan the wedding! The right leader knows that: Healthy communication is vital for a healthy team. Communication difficulties are possible because of a time zone difference and a language barrier. Also, Chief Technology Officer analyzes the company’s business goals and finds tech ways to achieve them. We have multiple ways to solve AI challenges. Before I list said qualities, it’s important to point out that. For example, last year for every five developer job postings, only one was filled. As a founder looking for a CTO, you need to decide whether you need technical leadership or operational management. Freelance isn’t the best option since you need long-term cooperation. Let’s discuss your options. Your CTO will most likely be taking a considerable salary; working on a project they enjoy. It brings into question the trust you can give them with your business – from both a responsibility and commitment perspective. For example, a typical CTO salary in the US is between $204,957 and $285,891 per annum (as of April 2020 – before bonuses & benefits). Unless you find a CTO that has a passion for your company; during the storms, you will be navigating the challenges alone. Talented CTOs and developers should, almost instinctively, identify these critical points. The role of a CTO in a tech startup is clearly defined as the executive member of the company who oversees every aspect of the tech startup that has to deal with managing, handling/utilization of the company’s technical resources. As this founder experienced first-hand: If you find someone willing to jump ship, it shows how passionate they are about your vision. CTO for Startups, explained. . optimistic, about the time it takes to build a product. It’ll just take 18 seconds of your time but will be a huge help for us. In this article, we shed light on: It’s common to distinguish two types of CTO — operational lead and technical lead. It looks like you came to our website from Clutch. This method will give you more time to find a CTO that is right for you. However, you also need to know when to hire CTO. The daily job of a CTO is to lead the technical team, set the goals and take the right technical decisions. No wonder the average salary of a CTO in … Equally as important as leadership skills are management skills. A good CTO looks at business goals and translates them into projects, with advice on specific technology that the team will need to deploy to get there. Don’t waste your time with someone who gets stuck in the unnecessary details. There are various factors that influence whether or not it’s time for your company to hire a CTO. You may not have found your Robin yet, but don’t worry; there are other superheroes out there who can help you serve Justice. Equally as important as leadership skills are management skills. We’ve mentioned the skill set required from a CTO, and you’ll probably agree it’s huge. Former Koho CTO, head of Uber Money launch new FinTech startup with $15.8 million CAD seed round The FinTech sector in North American is a tale of partnerships; startups having to find banking partners due to extensive regulations, and financial institutions trying to keep up with the digital age and looking for innovative solutions. You can fully outsource your MVP to an agency, for example. This isn’t different for a CTO too. Your Robin should be more passionate about your idea than you are – or at least come a close second. per annum (as of April 2020 – before bonuses & benefits). You can hire a CTO specialist with deep expertise in the required technologies. Excellent leadership skills are vital if they’re going to inspire and motivate your technical team. It’s what you have to do. You need to find a CTO that can strategically build, grow and lead the technical team in-line with the company’s goals. Before I move on, it’s essential to understand the market dynamics. 3. If you go to every meetup with the word tech or startup in it, you will waste valuable time and energy. If you’re located in different time zones, you’ll need to set a schedule for calls. If you think you’ve found them, your expectations must be aligned. Also, you can hire a CTO from us to fulfill your tasks without distracting your team. 7 Traits to Consider if You Want to Find the Perfect Co-founder. As well as helping you build and manage your team. In case your team needs tech leadership, a well mentored engineer, programmer, … As I’m sure, you’re aware, time to market matters. There are two red flags to look out for here: The first is if the agency spots the critical points and your potential CTO doesn’t. A CTO is simply the startup’s technology architect, and this role is very important in any tech startup. Secondly, you should be able to trust this person with your money, ideas & business. In addition, we create four to six customer persona to identify the usage profiles and requirements (content, graphics, functions) in terms of your customers. You don’t need to spend time on finding a CTO for your startup when you’re a techie person yourself or have a friend who can write code for you. Discuss all the mentioned points (Product/Company roadmap, Equity split & salaries and Work culture) before you make any kind of commitment. Check they don’t become “passion-blind” and is responsible enough to take charge of your startup’s tech decisions. It’s important that Robin leaves the Batcave and can assemble a league of citizens to help clean up Gotham. Or you could try to find a “CTO as a service” where you bring on an experienced freelancer to act as your CTO. CTO’s bring the perspective of tech as a differentiator for startup. It took me more than 30 months and more than 300 headaches before I found the right guy for the job. The most widespread option is hiring a Chief Technology Officer if you need a high-level technical specialist to manage the Hiring a startup CTO, you need to understand what they’re responsible for. As a non-tech founder, you need to be careful when talking to potential CTOs. Whether you, hire a team of developers, outsource to an agency, or find a CTO, While all of these options are viable, if you find a. CTO with the right tech expertise, you’ll have gained a key player to help you succeed. The average salary of the CTO in the USA reaches A consulting expert gives small companies the best of both worlds: technology leadership and an opportunity to reduce costs. We help startups and corporates build great tech products. To save time and money, you can cooperate with a reliable outsourcing company like Cleveroad. Startup CTOs might be industry veterans with years of management and business experience. It’s even harder to find someone at the right time who will drop their lucrative position and work just for sweat equity, no salary. This includes overpromising and underdelivering on a massive scale – but more on that later. Wrong communication skills will undermine your team’s performance. Hiring a professional CTO, however, can be a real challenge. Build a Startup With a CTO As a Service. Hiring this specialist can be challenging and time-consuming. If it’s going to be a demanding role, then you need to be honest and say so. De nouvelles offres d’emploi “Cto Entrepreneur Startup” sont ajoutées tous les jours. CTO startup responsibilities include hiring IT specialists, data scientists, and engineers. Search for somebody who can get various innovations (maybe including back end, front end, and mobile). Find someone as passionate about the project as you are. I would recommend limiting your time on this research (a reasonable 15 days max). In my life, I’ve seen crazy things like projects taking 500% the estimated time and cost. As I’ve talked about in a previous article, there is nothing worse than “getting married” to a CTO or technical co-founder who’s not fully committed. 7-day process to align the product with your business goals. Freelance type of work is quite popular these days. st 14 years, I have built many projects. To get a high dedication level and required experience, it’s better to hire an in-house CTO or cooperate with a specialist from an outsourcing company. Talented CTOs and developers should, almost instinctively, identify these critical points. Explicit responsibilities as CTO for a tech Startup has to evolve with maturity of startup. There are many successful startups, however, that build their products before onboarding a CTO. You and your Robin should agree on a plan before taking justice to the streets; you don’t want to face the Joker unprepared. If you want to know how to find the perfect person for this position, keep on reading. There is a famous occurrence in IT teams where, through promotion, you lose a great developer and gain an awful boss. © Cleveroad, 2014-2020. Finding a CTO is a critical business decision, and you need to be sure you’ve picked the right person – I hope this article has given you some clarity on the process. To fulfill these goals, CTO should have in-depth tech expertise, strong communication and management skills along with the ability to work under pressure. You should find a CTO who is, at the very least, as good at their job as you are at yours. To get a high dedication level and required experience, it’s better to hire an in-house CTO or cooperate with a specialist from an outsourcing company. These are the points in the web development cycle where it’s more likely to “hit an iceberg”. As a CTO for StartUps, we begin this phase by analyzing the (technical) starting position, calculating business affordables, generating proactive ideas and defining the KPIs and goals for your StartUp. Feel free to raise doubts or questions and also to criticise as much as you like , Address: Rua Adriano Correia de Oliveira 4A, 1600-312. On the other hand, you know this is one of the most crucial decisions you will make as a non-tech founder. Below you can find the table with CTO’s responsibilities depending on the persona type. of them are vital. This position requires deep technical expertise, strong management skills, agility, and resistance to stress. This point is highly relevant if you are bringing your CTO on board as your technical co-founder. NuBinary was an immense help for our startup, especially since this was our first startup and we didn’t have technical (CS or web development) background. I was at $220K + >=3% at my last two startups. One of the most popular being that they share a disposition for sitting alone in their “cave” accompanied exclusively by seven monitors, a coffee machine, half a dozen red bull and very little light. That’s why many founders spend years looking for the perfect person for the job. Try this approach if you couldn’t find the right person in the offline world (or if a global pandemic hits). We offer an IT consultation with our senior specialists. You must find a CTO who is realistic, or you will end up with considerable deviations in deliverables as you build the product – resulting in an increased time to market and unexpected costs. In my experience, it will result in using all of your energy and time discussing the wrong topics, taking attention from those that do. They are in a constant tradeoff of immediate speed vs. long-term productivity. You googled the list of IT providers for your project. We have qualified and experienced specialists! This method will give you more time to find a CTO that is right for you. Of course, if you want the CTO to control the development process and review the product’s quality, you need to check candidates’ technical skills and knowledge. A good CTO at a startup should be the bridge between other management and the developers. What does a CTO do in a startup? Hackathons, conferences, meetups, summits are all great opportunities to discover a potential CTO who would be a great asset for your company. Usually, the conflict is: You want to start building your MVP as soon as possible, so you might feel tempted to commit to the first decent option you find. The role of a CTO in a software company is crucial for the success of a tech startup − the CTO manages all technology-related issues and makes sure the company’s software product solves problems for the target audience. The best way to check the tech knowledge is to analyze the code. This is due to more demand than supply. 4. Keep in mind that great developers don’t always make great CTOs. Just about every startup will need to hire a CTO at some point in its development. At the earliest stages, the CTO will be part of the IT/development team, assuring the quality of services and proactively steering the company around avoidable risks. Make sure they have the right expertise for. However, it’s not the best option for a CTO specialist. Someone that only looks at hard skills will never be a good leader. So, CTO’s working tasks vary on the role they play. You want to go through digital transformation. You will be asking them to drop all of that for your early-stage idea. So, you’ve decided to hire a CTO and want to cooperate with a skilled and talented specialist for a reasonable amount of money. Make sure Robin is still sober enough to make responsible decisions. A bunch of software development companies offer IT consultancy, and you can hire a CTO from them to fulfill your tasks. The truth is that in a startup environment, the CTO often wears several hats. If you lose momentum, waiting for the perfect CTO, you risk a competitor taking your place on the market. Benchmark: Ask your candidate to elaborate their tech rationale on technologies, architecture and infrastructure. So, Chief Technology Officer improves the tech part of your product, solving existing problems. But they’re often inexperienced, talented programmers who have turned a passion into a business. Cooperating with an outsourcing company, you can reduce the time required for interviewing candidates and end up paying less. You may face security difficulties. There are many archetypes of developers, and a few stereotypes to boot. Or you could try to find a “CTO as a service” where you bring on an experienced freelancer to act as your CTO. You will find many wannabe CTOs. Whether you hire a team of developers, outsource to an agency, or find a CTO. software development and take the lead of a development team. Can you imagine a part-time Robin? You were looking for information about Cleveroad. So ma k e it your job to find a CTO. Explore startup cto careers and find about startup cto salaries, jobs, companies and much more at Indeed. But remember, if you pick the wrong CTO you won’t survive long – you may not even make it to launch. Many wannabe CTOs will display the same characteristics. Study your potential CTO’s portfolio and ask an unbiased expert (who is exempt from your search) to validate the quality of their previous work. outsource development to Ukraine? It should be something not too complicated, and you should give them a feasible time frame (again, if you are not sure on this ask an unbiased techie friend). If they don’t deliver, it’s a huge red flag. As I mentioned, it may take years to find a CTO for your startup. Over the la. When is the right time for a startup to hire a CTO? Building a team of developers yourself (just make sure you create a. software development agency to do the same thing. When building a startup, you have many options for software development. Chief Technology Officer or CTO helps startups and established companies to build a new product from scratch or improve existing tech solutions, meet deadlines, follow the budget, and manage the development team. Passion is great but can make people blind. An outsourcing company takes care of the CTO’s qualification. There are several options — an in-house CTO, a freelancer, and an outsourcing company. That happened because: Our representative contacts you within 24 hours, We collect all the necessary requirements from you, We suggest a few design concepts to choose from, The team of analysts and developers prepare estimation, We keep confidentiality with all of our clients by signing NDA, How to Hire a CTO Without Tech Background, Where Is the Best Place to Hire a CTO: Hiring Options, Top 19 IT staff augmentation firms from all over the world, Cleveroad Is in the Top 1000 B2B Service Providers, What is staff augmentation and why it's beneficial, interview candidates to check their technical knowledge, pick technologies for mobile or web development. Ensure they’re committed to the project – and aren’t treating you as a “mistress” to their real job. Finding your dream CTO isn't easy, it takes a lot of time and commitment. There are certain traits to look out for as you try to find a CTO. I’m the Co-Founder of Altar.io - a team of experienced second-time founders & world-class developers and product talents based in London and Lisbon. Your message is checked by the moderator and. All companies are different, so each startup may need to hire a CTO … What I mean by this is your CTO’s capability to evaluate the timeframe and effort needed to build your product. CTO requires long-term cooperation, but freelancers can break up the project without finishing it. Anything up to 50% is acceptable as it’s not an exact science. Just be ready to spend plenty of time on feature prioritization, code writing and constant communication with a project designer. Open Source contributions with tons of swag the vital qualities every CTO should embody CTO startup responsibilities include it..., budget estimate, etc cycle where it ’ s job market responsible professional before onboarding them as partner! Choices – to name but two is, your Robin needs to have for! 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