Hello! I have been getting a lot of requests to be a fractional CTO and needed advice on how the model works? Any Fractional CTOs here, do you usually charge $$ or take equity (how much should I be thinking?) or both? I’ll be working with seed, series A and B funded startups. Thanks!
I’ve done work as an advisor and fractional VP of Sales.
In my opinion, you should structure it as upfront cash compensation. This way you can reduce your risk exposure and increase your personal cashflow.
If you get enough gigs you will be able to replace your day job compensation and become a fractional CTO full-time. Happy to chat about it if you want to DM me