I'm a single solo founder. I've conceived the idea and have already developed the entire product myself, and am ready to launch. This is not an MVP- it's a full-blown product that's complete. However, I don't have a team. I'm looking at getting another partner to join me in this venture. He'd take on the CTO role; whereas I'd take on CEO / marketing / business development / etc. His main duties and responsibilities would include: -Maintain the product and add new features -Attend networking events with me -Attend pitch competitions / startup conferences with me How much equity would it be worth to give him? P.S. This is a software product; a web application.
Why on earth do you need a CTO for that job description? If the product is done, funds aren't likely an issue and you don't need a team to pitch @ pitch competitions if you functional and presumably decent product. Sounds like you need a product guy which you could easily hire who could network with you and avoid title and paying s/he more as well as save your equity. Just a thought - no need to give away the house!
Answered 9 years ago
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