Startup Follies, Part III
I was the Chief Technical Officer. We wrote software for others on a contract basis (or at least wanted to). We had an offshore site with relatively inexpensive and great programmers. We had a mixed model with technical expertise locally and offshore.
At a company meeting our CEO made a pronouncement: " We were now developing intellectual capital, not merely providing contract programming services." I think a change in the technical direction of the company should be something discussed with the CTO first, namely me. And such a significant business change should probably have been discussed with the VP of Marketing and Sales who had probably more business experience than all of us combined.
Our sales and marketing guy told me he was out of there right after the meeting ending. I should have left then too!
At a company meeting our CEO made a pronouncement: " We were now developing intellectual capital, not merely providing contract programming services." I think a change in the technical direction of the company should be something discussed with the CTO first, namely me. And such a significant business change should probably have been discussed with the VP of Marketing and Sales who had probably more business experience than all of us combined.
Our sales and marketing guy told me he was out of there right after the meeting ending. I should have left then too!







Comments on "Startup Follies, Part III"
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Anonymous said ... (Friday, June 10, 2005 5:58:00 AM) :
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Anonymous said ... (Saturday, June 11, 2005 2:21:00 PM) :
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Ted Demopoulos said ... (Saturday, June 11, 2005 8:33:00 PM) :
post a commentAha,
Clearly the Cerint!
They left a stream of bad kharma . . .
Joe Blow
Oh balding one - I don't get it. Can you explain what "developing intellectual capital" actually means in this context? Did that just mean you were actively training dev. resources for which no contracts currently existed? Or something else? Just curious....
- JF
What it meant, at least in part, other than that we're desperate, was that we were going to try to productize and sell some of the things we were coding under contract.
The first (and perhaps only)attempted product was a "Learning Management System" - Google for details of what it is.