When you hear the term CTO, you might think of a timid techno-geek who only works in the background. The common perception has everything to do with rubbing shoulders with fellow coders and mastering the sleekest of coding skills.
A challenge? Being a CTO is as much an entrepreneurial job as a CEO is, and why not, be even more media active? A good example is Andrew Bosworth, CTO of Meta. No kidding — this guy essentially brought augmented reality and virtual reality to life. This guy does more than just coding; he is the head of a branch of Meta known as Reality Lab and developed smart glasses with an inbuilt camera from Ray-Ban that allows a user to take photos, listen to podcasts, and do other futuristic tasks.
Therefore, it is time to forget about geeky images – hiring a CTO does not only have to be interested in technical aspects but could also be the one who initiated the whole tech startup idea and that is who you have to look for. The right CTO can change everything.
In light of this, we will take you through the 2024 version of ‘How to hire a CTO for your startup’ below. From sharing the internal structure of a CTO down to his hungriness for risk and adventure, wait for it. data, it’s a quick tips ride!
What Does a CTO Do?
Can you think of a business or startup that pole-high would not need a technical person as part of its supranational assembly? One does not come up easily as even the farming or greenhouses business entails some software to plan and manage the machine's trig routes or the soil's moisture levels.
So, tell me, please, what are a CTO, and chief technology officer to be fancy, roles and responsibilities in a startup or a company?
To cut a long story short, they are the one who takes responsibility for all technological-related aspects of the business or start-up team organizational structure. This person is highly skilled in the relevant technology solutions when it comes to the area of focus whether it is a crypto Play-To-Earn mobile application or payroll software for SaaS. In addition, even more than that, the hiring of a CTO is faced with a unique situation where he or she appreciates all these intricacies and more importantly, facilitates the achieving of the company's goals by ensuring the relevant technology solutions are in place.
What you should be aware of regarding the position of CTOs in the year 2024? The relative importance of each of these facets will change. know mainly that it is turning from just a technical expert role into more of a biological echelon of a business possessing strategic positioning. A lot more is expected from such a specialist as it does not boil down to merely performing the execution of the process. It is more about using technology as a solution to business problems and finding possibilities that can serve the company’s advantage right now and in the future. This is the reason why a CTO is more often than not included in the top management and decision-making – to put everything in the technological aspect into context with the position, competitive edge, growth strategies, and overall objectives of the organization.
Wishing you the best in your search for the next Greatest Of All Time, Chief Technology Officer!
Hiring a CTO is not an easy task as the candidate needs to be good at three key things at the same time: technology, business strategy, and managing teams. In the case of new businesses, it is even more difficult to lure such a specialist as the reasons provided above. They want established firms that pay more even if they do not have to work as hard. It is not only about the remuneration package though. When it comes to hiring a potential CTO, put more emphasis on overcoming the challenges the startup presents and the bright prospects of it. Assess his or her abilities as far as your dreams and objectives as an organization.
Offering shares or a considerable stake in the project also sweetens the offer. As a founding member of the startup, Do not be afraid to break off a piece of the equity for yourself!
If you’re still having trouble hiring a CTO, you can always consider hiring a part-time or looking for interim CTO services. These are the solutions offered by the Alliance Recruitment Agency UAE – which includes experienced C-level tech talent and a back office staff. Whether part-time or through a professional network for guidance, we have the right solution to ensure your startup is on the move.
Contact us today to get the appropriate CTO for your startup so that you can take your business to greater heights!