startups   71847

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Being a start-up CTO (or ‘how I fired myself enough times to finally become CTO’)
"It’s one challenge to be CTO in a ‘normal’ startup, it’s quite a separate challenge to also be at the forefront of a new category. I’ll post separately about the category challenges, but first, here’s my functional CTO story..."
jobs  scalability  startups  product_management  dopost  learning 
2 days ago by niksilver
$100 Million Was Once Big Money for a Start-Up. Now, It’s Common. - The New York Times
Known as a mega-round in Silicon Valley, large-scale fund raising is producing a frenzy around tech companies with enough reach and momentum to absorb a large check.
startups  funding  fundraising  Entrepreneurship  nytimes 
2 days ago by jorgebarba
Entrepreneurs Are The New Labor: Part I
Via Tim O’Reilly on Twitter.

For the last few months, I’ve been cautiously testing a radical-sounding hypothesis on smart people: entrepreneurs are the new labor. Or to put it in a more useful way, the balance of power between investors and entrepreneurs that marks the early, frontier days of a major technology wave (Moore’s Law and the Internet in this case) has fallen apart. Investors have won, and their dealings with the entrepreneur class now look far more like the dealings between management and labor (with overtones of parent/child and teacher/student).

In attempting to make sense of today’s startup scene it is very useful to reflect on the evolution of the global steel industry in the nineteenth century, as it moved from its startup phase in England to its scaling and growth phase in America and Germany (similar things happened in mining, oil, railroads, telegraph and agriculture and machinery).

On the role of technical expert in the Steel Age.

It is critical to note two things about Holley’s role. First, he negotiated a significant (for the time) but low-risk remuneration package (amounting to about 1% of the capital raised, but as cash rather than equity). Second, he made sure he wasn’t tied to Carnegie via risk-capital, and offered his services as a highly paid mercenary, within a time-bound model. He was what we would call a rent-a-CTO today.
entrepreneurship  startups  vc  finance  economics  culture 
2 days ago by jefframnani

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