November 4, 2020
It's a bird! It's a plane! It's a revolutionary iOS/Android web and mobile-based application to improve the quality of life for the unforeseen future!
So you have an amazing idea, whether that be a physical product or an app idea. Your next step is to break ground on development: physically developing a product or developing your product via software development. As a startup founder you can either build your product, in which case you need to stop reading this and go get after it! Or you can find a technical co-founder, CTO or Technical Partner to build, or facilitate building your software or physical product. Technical founders are so much beyond a skilled product or software developer, you're essentially married to them to some extent.
Finding a partner to handle the technical side of your business that fits perfectly with your mission, has the product/software development chops and you actually get along with for the long-term can be a daunting task. A daunting task may it be, an extremely vital one to the survival of your company. A technical co-founder has a variety of benefits opposed to hiring a product or software development agency for a one-time transactional prototyping phase. We have outlined a few benefits and what you should look for when searching for a technical co-founder below:
One sure-fire way to tell if a technical co-founder might be a good fit for you and your company is to check their past projects. This gives direct insight on the work and successes they have achieved. If you have a FinTech idea, and you find a software developer that has FinTech startup experience, there is a much higher success rate.
When finding a technical co-founder, creating excitement and clearly showing what value you bring to the table is of the upmost importance. Imagine you have 10+ years of software development experience and one of your high school buddies approaches you with an idea. But, they're not organized, they haven't tested the market, they haven't backed the idea up with any data and they're just simply presenting themselves as unexperienced. Would you jump on the opportunity to spend hundreds, if not thousands of hours to help build and launch their product or idea? Not likely.
KNOW YOUR STUFF! It is so important to validate your idea to the best of your ability. Utilize free tools like Google Forms, reach out to your friends and family or extended network, do your research on the particular industry you're diving into. By providing everything, or close to everything, besides building the physical or software product you have will have a much more fluid experience when searching for a technical co-founder.
There is no exact answer to finding your "pot of gold" under the startup rainbow, however there are common resources which non-technical founders have discovered technical co-founders in the past.
- Facebook Startup or Tech Startup Groups
- Friends from College or High School
- Local Accelerator or Incubator
- Local Tech Meet-Ups
- Sites like Reddit (Dev Communities), CoFoundersLab, Product Hunt or Indie Hackers
This is ultimately up to you, but offering equity or money when approaching a technical co-founder needs to be a well thought out decision. Before diving into a long-term contract and giving away half of your company, we strongly recommend doing a small paid project with your potential technical co-founder first. This allows you to vet the software or product developer in a much more in-depth way, and get tangible insight to how they work and operate. After assessing what technical work needs to be done to develop an MVP or sellable product, then the conversation of equity might be more suited.
Hiperion is a very small company, so if and when partnering with us you're essentially getting the deal of a solo technical co-founder, with the resources and abilities of an entire product and software development agency. We offer a flexible payment model including: royalty, equity, cash or a combination. We're extremely passionate about assisting startup founders in the creation, growth, launch and sales of their product or idea. Beyond the initial prototype, we want to be in it for the long run!
To get more information about Hiperion becoming a technical co-founder for your startup, visit https://calendly.com/hiperion to book a free 30-min consultation with our CEO Jace Thomas.