Im leading a start up venture, pre seed. I had the concept, blue prints etc for a proptech real estate brokerage start up. I was stuck and needed a CTO. I ended up meeting a biz developement person who has introduced me to a CTO and has said they are going to work with me to find VC. This is where im stuck. Once I find VC, Im not sure what lll need this person for. Obviously I wouldnt be where I am without this person but in saying that, once their role is completed, I dont know what fit they will have in the organization. How would you compensate this person? Whats fair?
From what you write, it seems that you have not yet matured into a role of startup founder. You treat the CTO like an software contractor who is supposed to write the application and oed. This is not how even a contractor is treated, because further software development will take many years after launch. If the company grows its role will never be completed. If you don’t have a cofunder, also look for a CTO who will be your business partner whom you can trust and rely on. Look for a person who has all the skills you don’t have, not just technical ones.
Did you sign up to reddit just to say that? Im almost honored to be one of your first posts!
My CTO and I have talked in great depth about their rule today and in the future. They are building the framework so that our product can grow as we grow and I vetted them for the long term.