Finding a Technical Partner For Your Company: Platforms to Look, Alternatives, and Advice
To establish a startup and turn it into a prosperous and well-known company attractive to clients, the entrepreneurs need many components to make such a successful picture. Things like innovative ideas, cutting-edge technologies, and appropriate ways for optimization are important without any doubt. But you also need a tech partner who will be sufficiently competent and assist you in a startup.
So, this post will depict the question of the individuals with whom you can deal successfully with a tech startup, where to find them, and many other essentials.
The Essence of Tech Co-Founder
When choosing a tech partner for your project, you have three prominent options:
- Co-founders carry out their duties in exchange for an idea dealing with a non-revenue business.
- Chief Technical Officer (CTO) candidates are easier to be found since this position is financially rewarded. CTOs have a strong sense of motivation to carry out their tasks.
- A tech vendor alternative is suitable if you need a technical contractor rather than a long-term business partner. This choice will help you in such activities as making a list of features for your project, calculating costs, and providing you with a high-quality product as quickly as possible. Nevertheless, you should make some preparations from your side (e.g., writing a startup business plan).
We will discuss these alternatives and give you a hint on when and how to find such specialists.
First off, let’s find out what a technical co-founder is. This is an individual, technically skillful to perform various functions in an IT startup and be entirely devoted to the company development as you are, working with it from the very beginning.
The co-founders may usually perform such options as:
- Creating a development strategy
- Choosing the tech stack for the future projects
- Building an MVP
- Hiring new technology specialists and composing an IT staff, etc.
How to find such a helpful assistant? While looking for them, you should consider the following points given in the following picture.
Bear in mind that co-founders should obviously be trustworthy individuals as they are responsible for making key business choices. That's why you may choose someone you have a close relationship with (e.g., a childhood friend, a university groupmate, etc.). But since not everyone has a trustworthy friend with whom to launch a business, we have written this post.
When Should You Look For a Co-Founder to Your Tech Startup?
What signals suggest the necessity for a technical co-founder? When should you look for one?
Your innovative concept needs to be compelling to potential co-founders and should be unique. To make your idea attractive, you may employ various advertising strategies.
A devoted friend is what you require. You should work together with your startup co-founder as a team and support one another. Most tech professionals are weak at sales and marketing. You can help your technical co-founder in that situation.
You are looking for a technical solution to your issue. Your startup partner should be a strategic thinker familiar with the needs of the company.
You are prepared for legal difficulties. Co-founding a business involves additional paperwork and greater risks for both parties. Equity becomes a critical concern when founding a firm with two founders. How can it be solved? The further image will give you a hint.
Where to Search for a Co-Founder?
Startup owners frequently underrate the difficulty of obtaining a co-founder in the technology industry as they believe it’s an easy procedure that can be finished quickly. But to complete this activity effectively, one must keep an eye on several resources, maintain a large network of connections, and conduct thorough research.
We've highlighted the most effective methods for finding a tech co-founder for your technology startup.
Startup accelerators like Y Combinator and 500 Startups help startup entrepreneurs develop their businesses by raising funds for their idea or finding like-minded individuals. The most promising firms are also funded by incubators in return for a modest percentage of stock.
Web Resources. You may discover a technical co-founder via a variety of platforms, such as Cofounderslab, Angellist, or Founders Nation. The said systems enable founders to look for experts in line with their skill sets.
Networking. If you don't have time to meet your possible co-founders in person, you may conduct the hunt for partners using resources like LinkedIn.
Tech conferences. You can meet like-minded people having similar worldviews by attending conferences relating to your line of work. Additionally, you'll be able to assess your compatibility with them personally. This is essential for effective communication and collaboration between you and your technical co-founder.
Where and When to Look For a CTO or a Software Provider?
It’s time to discuss the most common situations where choosing a CTO or software development business is preferable more than hiring a tech co-founder.
Enough money available. If you don't feel financially limited, you may engage an expert to carry out CTO duties or apply to an IT vendor that will help you manage the software development process. But you should look for a co-founder if your idea requires more funding.
Willingness to Take the Lead. You may manage the business with a tech-savvy partner at your side and without worrying about legal problems. On the other hand, when starting an enterprise with a co-founder, the equity issue is crucial.
The Demand for Quick Value. It is considerably simpler to locate CTOs for hire or software development vendors to collaborate on websites like LinkedIn, Fiverr, Glassdoor, and others. They are prepared to get to work right away and quickly benefit the project. The reason for this is that they have simple duties and do not need to solve the whole company's issues.
Summing Up
We have given you the basics about how to find a tech partner that will help you manage your startup. But if you need the full picture, you can contact the skilled software development company. The IT experts will answer all the business questions that disturb you, and help you boost your startup to a large and well-known company.
Yuliya Melnik is a technical writer at Cleveroad. It is a web and mobile app development company in Ukraine. She is passionate about innovative technologies that make the world a better place and loves creating content that evokes vivid emotions.
