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Clarity

Andy White

San Diego, CA

I lead the VegasTechFund to become the 5th most active Micro VC firm. I'm currently an Indie.vc scout, an active early-stage investor, founder @ Data Science Alliance.

I help startup community builders understand how to lead a more tightly unified community through the ESHIP principles developed by the Kaufmann Foundation.

$1.67/min

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22 minutes
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Lean startup Startups Venture Capital Organizational Development Early-stage Startups Community Development Investors Angel Investor

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Startup Community Development

Learn how the City as a Startup process can lead to a more tightly unified ecosystem that encourages traditional investors to invest in early stage startups.

Help individuals become entrepreneurs and bridge the gap between seed capital and additional funding.

Unlock the potential of your community's Learners, Doers and Connectors.

Startup Business Model Development

I've been working with lean startup methodologies for over a decade now. You can find me @LeanStarter.

Data Science Centric Business Models

I'm very focused on data science centric companies that have access to data and differentiate through actionable outcomes created from their product. #NoMoreDashboards

I'm a founding member of the Data Science Alliance.

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Andy White answered

During the angel funding round, do they ask for Sales forecast for the entire year?

A year would be a minimum amount of time. We all know that forecasts are guesses so, what's important is how you've determined the numbers. Of course the numbers need to show that the business is worth an investment.

The rational justification of the numbers to demonstrate your expertise in the market is the most important part. You need to tell a compelling story that's supported by the data you present.

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angel investing

Angel Investor

Andy White answered

I'm a single solo founder. How much equity should I give to new cofounders / partners?

When bringing in a new cofounder it's important to give them an opportunity to earn their equity. Typically this means a vesting schedule over a certain period of time. For example you may decide on an opportunity to earn 10% of the company over 4 years with a 1 year cliff. This means there is no equity earned for the first year. After the first year they would immediately receive 2.5% (for the previous years work) and then a prorated amount (.2%) each month after until the end of the fourth year. This helps everyone's incentive stay aligned.

Now, in your situation it's important to understand why you want a CTO cofounder. From your description it sounds like you already have everything you need. Think about this first.

If you still want to find a tech cofounder then consider the following when making an offer:
What you would want if you were them?
What are they giving up to join you?
What will build a long term relationship?
What is the company worth without them?

The amount of equity can be supplemented by a salary, amount of time committed, or other compensation. Without knowing the specifics it's very challenging to give an exact % answer.

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Member since December 2014