In startups with small teams, every team player is important, so do we want to invest 30% or more of our startup in a person who can only program an app?
Why do early-stage startups think they need a CTO?
Many young entrepreneurs that have great ideas have long ago figured out that it takes more than that to achieve their goals. When we look at the current state of the market which is full of innovations and new startups show up every single day, we can understand the importance of creating a product that is already been thoroughly tested by a live audience as fast as possible.
And this is why the first thing that comes to mind of early-stage startups is to get a developer to join the team as a CTO (Chief Technology Officer).
The problem of having a CTO in an early-stage startup
In recent years both angel investors and ventures have grown more wary and suspicious, they aim to support products that have the most chance of success. They don’t judge products by the idea but rather the success of it's POC (proof of concept).
This requires a product that has very good performance. Development skills alone aren't enough, you must also have a good understanding of the market and exceptional UX (user experience) and UI (user interface).
Having a CTO that will develop the product seems like a no-brainer but in reality, a CTO could end up causing serious harm. Having development skills does not necessarily make him the right person for the mission. It's simple to just dive into code and start building the product as fast as possible but that could be the biggest mistake you could make. Your average developer does not necessarily have the UX and UI skills along with everything else you need in order to create a premium product.
The point we want to make is that building a fully functioning product that fully reflects your vision requires meticulous planning and other skills and if not done properly could result in a product that works but just not in the way you intended.
We understand the struggle, but a company that can provide you all these tools can be far more productive, faster and sometimes much cheaper than you might think.