If you’ve made it here, you likely know that you need technical support on your team but may be having trouble finding someone you trust to help you.Â
That’s where I come in.Â
What is a Fractional CTO
A fractional CTO is a trusted technical advisor on your team. They are experts with years of experience working with startups. They serve as an on-call, part-time chief technology officer (CTO). They not only are well-versed in programming, but they thrive in fast-paced environments and are comfortable giving business strategy advice.
What does a Fractional CTO do
While there is no one size fits all definition of what a Fractional CTO does, there are a couple of key areas where they can provide invaluable support.Â
Why work with a Fractional CTO
There are three main reasons why anyone would want to work with a Fractional CTO:
- Saving cost of having a full time CTO
- Marrying Business Goals with Technical Vision and CapabilitiesÂ
- Strategic SupportÂ
Saving Costs
According to Glassdoor, the average annual salary of a Full-Time CTO can be anywhere between $138k – $282k. That’s a pretty penny. The appeal of working with a Fractional CTO is that you can get pointed advice and support on an as-needed basis.Â
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Marrying Business Goals with Technical Vision and Capabilities
Are you a founder with a clear vision for your business over the next couple of years? PERFECT. The role of the fractional CTO in your business would be to create a viable product roadmap to get you there. They will provide you with recommended next steps, make notes on whether you should build or buy software, and more.Â
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What’s great about a Fractional CTO on your team is that they’ve been there. They’ve seen what makes or breaks a startup. Their advice will save you hours of research. Having a member on the team with whom you can run ideas by is invaluable! Having a trusted voice at arm’s length will save you so much time in the long run.
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Strategic SupportÂ
Needless to say at this point, but the number one value-add of a CTO is that not only can they make technical recommendations but they can DO IT FOR YOU! They can project manage any project from start to finish.Â
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I hope this helps!
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