How To Find a Technical Co-founder or Technology Partner For your Startup?

You have a great startup idea; you believe in this idea, you live this idea. But, having an idea just doesn’t fit the bill anymore.

You may have a perfect business plan, investors willing to pay you, prospective customers waiting for your product, and you are an expert in marketing and sales. But, what about tech? You may have an excellent idea, but it would be challenging to launch a SaaS startup without tech experience. So you need someone to support the technical side of your startup.

Many entrepreneurs try to solve this by hiring freelance developers when they start a new business. But more often than not, this engagement does not work out as expected due to a variety of reasons. For example, if you do not have enough tech experience, it would be hard to interview and hire the right freelancer. I’m sure I don’t need to tell you the importance of getting the first hire of your startup right. So, it’s important that you have a tech guy that has some skin in the game to stay motivated and be working at your best interests.

This article will guide you about the following points and help you find the right tech partner for your business:

So, now that you understand the importance of having a tech guy by your side; you have two ways to solve this issue. You can find:

He/she can be responsible for:

A tech co-founder can be:

CTO: They have the skills to see the full picture and have both business and tech backgrounds. CTO will be a much-evolved version of a senior developer. It is worth hiring one if you can afford a tech salary and are willing to share a fair amount of equity. Or you could hire a fractional CTO, he/she is sometimes referred to as a virtual CTO may serve in a part-time or contracted capacity. Most startups don’t need a full-time CTO to handle strategy. In those situations, a fractional CTO will work extremely well.

One of the key benefits of keeping a fractional CTO is, they provide the same expertise and capability of a full-time CTO without the associated level of salary, benefits, and overhead expenses linked with adding a top-level executive.

Senior programmer: You can hire a person with more than five years of programming experience (including managing a dev team), many completed projects, and who knows the industry.

Is a tech co-founder already: The next level after a CTO: they have excellent skills in both programming and management but are more invested in the company. They have a voice in the company and are compensated with equity, or you may also need to pay their time and skills with salary.

A tech co-founder should be someone who believes in your vision and make sure that he/she has some skin in the game.

2. Tech partner: The technology partner is a bit different compared to an outsourcing team. They care about all the development processes- not just a contractor but also considers all business needs. An ideal tech partner helps you to build something scalable that grows with your startup. At Neoito, we specialise in working with non-tech founders to understand the vision, guide them, and even invest in startups to have that skin in the game to make sure we put out the best product.

The difference between a tech co-founder and a tech partner

It should be clear now that a technical co-founder is a founding member of the company who has a share in the overall profit. They might not be the ones who have come up with the idea, but you have brought them in because they have the experience of bringing an idea to a product. It is because they have a strong track record working with similar companies or pieces of technology that are integral to your business plan.

But, to develop a product, a tech co-founder alone cannot support you. It means; he/she can guide you with the strategies to build a successful product but still need to approach a team of developers to develop it. So, let me bring to your notice that you will have to hire a tech co-founder and also a team of developers, which can be costly.

Here comes the specialty of hiring a tech partner like us:

For instance, for a project that is worth 10,000$, we receive only half of the amount and consider the remaining half as an investment from our side. As we are very similar to a tech co-founder and invest in your idea, it becomes beneficial for us only if your product becomes successful. So, your product’s success is not only your priority but also ours. Thus, we intend to showcase our support for your idea by willingly investing in your product’s success.

Want to convert your idea into a successful product? Let’s discuss

What if you don’t have a tech guy?

As a startup, you will mostly be focusing on product development. For service level, you will have a technical co-founder because everything revolves around that. When it comes to product development, different stakeholders are involved in it. One of them will be providing business ideas, but may not know how to implement those ideas due to lack of technical knowledge. So, they outsource their product development.

One of the most common problems founders face when outsourcing is extended timelines.

For instance, your outsourcing team might demand extra time to complete their tasks as they approach their deadline. In such a situation, as a non-tech founder, you have no way of evaluating what they are saying. You don’t understand what is the real reason for the problem.

Most of the time, this common problem arises because a non-tech founder tries to manage the technical team. They are speaking two different languages then how can they ever communicate properly? Here, having a tech guy can help you understand the situation and can make decisions accordingly. With a tech guy by your side, you can well manage the tech team as well as concentrate on sales, marketing, and other non-tech processes.

Having a tech guy will help you:

For instance, you can find enough programmers available in the market for JavaScript. At the same time, it is hard to find Elixir programmers to develop a product using it. So, it is a kind of big decision-making to choose a particular language to develop your product.

What I want to convey is that, without having a technical mastermind, you will see a lack of proper structure in the development process. In that case, you won’t be able to deliver a successful product on time. It includes issues like loss of relationship, loss of profits, a lot of reputation, etc. can happen.

Now you understand how important it is to have a tech guy with you.

Also read: How to find the right outsourcing partner for your startup?

Where to find a co-founder or a tech partner for your startup?

The way to maintain a healthy co-founder relationship is to have a balanced relationship.

To find the right person, you need to spend a lot of time and effort. There are many things to check. It includes the co-founder’s portfolio, expertise in business, and communication skills.

You can find them through social media sites like LinkedIn, Twitter, etc., and platforms like Upwork. It is always good to find a person who is active on social media sites. His connections (with experience) will help you get more resources that can benefit your product development. So, here are some other favoured ways to help you find the right person.

If you don’t have a broad network, it’s time to correct this. You need that social presence soon.

Don’t go straight for a best friend or family member. Even if they could be an option, your main priority should be to find somebody who will help your business excel.

There might be a lot of networking events locally, or even some virtual hosted events you can attend]

If you are okay working with younger specialists, try to attend university events. You can find students with sufficient tech backgrounds to work on your project.

They may not have the experience, but they are loyal, passionate, and hard-working.

Connect me to the tech experts!

How do you know they are the right fit?

Before choosing one, always consider your requirements.

In fact, you need a variety of qualities in your team. It is even more versatile if it is more than just you two.

Why does it make sense to have a tech partner?

As you are a startup, it is useful to have a technical co-founder. It has its own benefits, but it may sometimes be difficult to find the right fit. And if you find one, they won’t come cheap.

Even if you have a tech co-founder, you will need a development team to develop your product. So, you need to hire a tech partner with a skilled team of developers.

Since you are a startup, hiring a tech partner is more affordable than hiring an in-house team. We act as a tech co-founder and let you know the right set of technologies to be applied to develop a successful product. In that case, you don’t have to hire a tech co-founder separately for this purpose.

As I said earlier, we as a technology partner are more than just an outsourcing team. So, delivering a successful product is not only your priority but also ours.

Conclusion

If your need is to quickly turn around a high-quality, innovative product, finding a tech partner for your startup can benefit you in many ways. The team will have the experience and knowledge to lead the project without a lot of hand-holding. So you can focus on things like sales, user acquisition, fundraising, business development, and other non-technical aspects.

So, if you are looking for a technology partner for your startup, then search no more! Neoito will be responsible for building your whole product cost-effectively from A to Z with better quality. We always hire developers or consultants on a particular project who are capable of doing or have experience in it. Starting from the lead, we provide resources with exposure to developing that type of product. It is because we always strive to deliver a successful product.

To build it smart from the start, hire smart from the beginning!

Ready to discuss your idea with us? Contact Us

--

--

Build, Grow, Scale. | We support founders on their journey from validation to multi-million valuation and beyond. Visit us : www.neoito.com

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
NeoITO

Build, Grow, Scale. | We support founders on their journey from validation to multi-million valuation and beyond. Visit us : www.neoito.com