Hey - it’s Jason Yeh 🕺🏻

This is my Friday recap of thoughts I’ve had while helping founders solve their fundraising challenges this past week (4.22.22)

But first...guess what? I'm in Brazil 🇧🇷!

On to the Fieldnotes for 4.22.22…

12 Best Tips for Finding a Technical Co-Founder / CTO

So much of investing is about evaluating team. Is this team capable of bringing a company to the promised land? In the world of technology startups, getting to the promised land requires trudging through a lot of technical swampland building and iterating on product in the pursuit of product-market fit.

No-code tools have helped non-technical founders get further on their own, but investors still prefer seeing a complementary co-founding team that includes someone who could ship product on their own…especially in the earliest days.

So, what is a non-technical, solo founder to do?

Get to work. There is always very valuable work that can be done outside of building product. Don’t fall into the trap of thinking nothing can be done without building a product first. Ever heard of market research and customer development?

Start recruiting. Use the efforts from your market research and customer development to help attract technical talent to join you as a co-founder. Of course, this is easier said than done so we went out to ask an important question to our community…

What is your best piece of advice for finding a technical co-founder / CTO?

To help you with finding a CTO for your startup, we asked successful small business owners and startup founders this question for their best insights. From hiring through word of mouth to making sure your candidate has a team-first mentality, there are several tips that may help you find your ideal CTO in the future. Here are twelve tips for finding a technical co-founder / CTO:

• Make Sure They Have a Team-First Mentality

• Build Something First!

• Go Where the Makers Are

• ​​Get Some Traction

• Find the Balance of Technical / Functional / Interpersonal

• Hire Through Word of Mouth

• Vet For Prior Experience that Complements Your Startup

• Search Within Your Personal Network

• Attend as Many Tech Meetups as You Can

• Partner With An Influential Person

• Search For Your “Better Half”

• Look for a Co-Founder Instead of a CTO

Make Sure They Have a Team-First Mentality

The most helpful and effective advice I can offer for finding a CTO is to keep in mind at all times that this person isn't going to be just a regular employee working for you. They will work with you along the journey and ensure the business's survival and success. Employees work for you while a technical co-founder will help you make decisions and find the best direction to head the business in for maximum results. So, when looking for a CTO, make sure that they have a team-first mentality rather than a solo approach for working patterns and decision-making. They should also share the vision and the ultimate goal you have in mind; you may conflict on deciding which path is best, but the destination should be one. The individual shouldn't just be qualified but also energetic and passionate about the business and its success as you. And lastly, their strengths and capabilities should cover your weaknesses and vice versa so that you both can support each other.

- Alan Wilford, I Peep BXS

Build Something First!

Whether it's a no-code/low-code solution or even just a community/following through social media, I think it's important that you've gotten your hands dirty and can clearly articulate the problem/solution pair you are going after. If you can build something that even a few people like with duct-tape and cardboard (so to speak), I think a future CTO will be very impressed and more inclined to want to join your cause.

- Brian McEuen, On Brand

Go Where the Makers Are

HMy advice for finding a technical co-founder is to hang out in the online communities where indie makers and startup folks are. That could be bigger platforms like Twitter but I met [my co-founder] on Indie Hackers: https://www.indiehackers.com/

They have a whole Looking to Partner Up group:

https://www.indiehackers.com/group/looking-to-partner-up

A high percentage of these posts aren't interesting opportunities to me as a previously successful founder, but this one caught my eye. Well-written & concise post, quality website and product that solves a big problem in the SaaS world.

I reached out to him on Twitter and we chatted in the DMs there for a while getting to know each other. Mostly what I was looking for here was a strong connection. It was also important to make sure we were both on the same page when it came to not wanting to work ourselves to death and to not pursue raising funding.

Then we hopped on a call to meet each other. I made sure he gave me a walkthrough of the product and discussed the technical aspects of it so I could make sure I was confident he could handle all technical aspects of the business. We also just got along really well, which is super important for this kind of commitment.

We both took 48 hours to sleep on it and decided to give it a go!

- Joe Howard, Driftly

Get Some Traction

To attract a technical co-founder to join your venture, you'll need to convince them that your idea has legs. Once you've done that, you can sell them on why they should be a part of it—and why they should work with you on it.

The first step is to show off how much traction your idea is already getting. Make sure you have a clear business plan and marketing strategy in place before approaching a potential co-founder, so that you can show the ways in which your idea has already demonstrated its potential for growth.

Then, convince them that you're the person to join up with. Demonstrate your commitment to the project, your knowledge of the hardware and software involved, and your industry connections. Make it clear how working together will benefit both of you, and what other areas of business are also coveredby your expertise—and theirs!

- Ann Young, Fix the Photo

Find the Balance of Technical / Functional / Interpersonal

Really take the time to evaluate what that ratio should look like. It's easy to assume that a co-founder / CTO should be heavily weighted on the technical side. However, if you're recruiting for your future, you'll realize that you'll need her/him to have the ability to lead and motivate future developers. And, you'll need her/him to develop a product that meets the end customers needs as much as it is technically sound. In fact, the act of code validation, testing, and some of the more hands-on technical roles can be fairly easily and cheaply sourced through the new gig economy even in the early days of the company. Once you find that ratio - and it could potentially be an equal 33% split, evaluate your candidates against it.

- Jeremy Ames, Hive Tech HR

Hire Through Word of Mouth

The best way to find a Chief Technical Officer is through word of mouth. I used to get my CTOs through agencies like Upwork, but I experienced high turnover. My CTOs were talented but frequently stopped responding to my email requests for help. Once I started hiring CTOs through word of mouth, my CTOs lasted a long time. In fact, my current CTO has been with my business for years. When you are breaking into a new business venture, you have enough on your mind. You shouldn't have to keep replacing your CTOs. By asking other business contacts for recommendations, you stand a strong chance of keeping your CTO for years.

- Janice Wald, Mostly Blogging

(continue to read the next 6 tips...we saved the best for last)

Smart Twitter Takes

These are good to read through... you don't have to follow the framework, just read and absorb the ideas

Aside from Funded, here some other good industry pods to level up your context for fundraising

Till next week. Stay adamant and be chased.

Jason

P.S. haha.. i can't unhear this now

In case you missed it…

Last week's post covered how seemingly small actions can lead to outsized returns:

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