The 5-Minute Startup CTO #6
Debt vs equity, Mobile phones, Hackathons
Here are your picks for this week:
Something to know
Even if as a CTO or Tech lead, finance isn’t so much your area, working in a startup means some exposure to fundraising. So here’s a good primer on using debt or equity in their many variants, and their pros and cons.
It’s all about People
With time and focus in short supply, any tips to avoid distractions are welcome. This short video has some good advice for managing your mobile phone.
And if you own an iPhone, check out this long checklist to set it up in a productive way. Definitely worth sharing with any team!
Process makes perfect
Textio recently explained the many reasons why they do regular in-house hackathons, and I couldn’t agree more.
From the very early days of Brandwatch, every other Fridays we let the dev team work on whatever they wanted - with an end-of-day meeting where people could show off what they had done. Later we extended that to run quarterly Super Fridays where the whole company would work together to find new solutions to existing problems (eg: Onboarding). All of which showed the benefits mentioned above.
I hope you enjoyed this. Have a great week!
Fabrice
The 5-Minute Startup CTO: every Sunday, 3 top insights in 5 minutes for startup CTOs and Tech Leads. Hand-picked by Fabrice, a consulting CTO. Let me know if you need help with your startup!