Fractional CTO Services
We love technology and we love people. We see the fCTO (fractional CTO) role at the intersection of these two sets. We lead by example and we do expect to roll-up the sleeves and actively problem-solve and implement solutions with the team.
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An fCTO is a fractional Chief Technology Officer providing on-demand services, usually on a part-time or temporary basis to an organization.
An fCTO is usually hired by a startup OR a smaller company with a startup attitude focused on growth through technology, not yet in a position to justify an investment into a full-time CTO role.
A fair amount of time, startups are founded with a great business idea. The implementation of the idea however is generally rooted in technology. Often times, the business entrepreneur hires outsourced developers to generate a Minimum Viable Product (MVP). Delivering an MVP is a race towards the most possible functionality at the lowest possible cost - usually sacrificing performance and scalability. As the MVP is proven, more technical leadership is warranted in order to drive the technical solution towards being able to scale and handle more than would be acceptable for an MVP. The technical team also usually needs guidance and mentorship in doing so. However, the startup is not yet in a financial position to be able to afford a CTO over-seeing the implementation. This is where the fCTO comes into play.
An fCTO should be a hands-on (not only a top-down leader with a vision to implement) technical professional who generally becomes embedded in the team, helps with the hands-on implementation and delivery of the desired technical solution. At the same time, the fCTO empowers the technical team by sharing their knowledge to level-up the team itself.
A quick FAQ about Ten-24 Inc's fCTO offering:
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What do you mean by a "hands-on" fCTO?
At Ten-24 Inc, we understand startups and our fCTOs are expected to wear multiple hats - including leading the way by driving scrum teams, actively coding or helping with AWS infrastructure delivery if necessary. Our fCTOs are coders and AWS architects at heart having not only the necessary technical skills but also the people skills required to lead. -
Which stage of startups do you collaborate with?
All stages. We only ask that your startup have at minimum a technical team assembled. We do not play the role of technical co-founders. The task of our fractional CTO is to lead and teach an existing technical team so they can grow with the startup. -
What are the rates for fCTO services?
Our fCTO rates depend on the project and level of engagement. We generally do not accept equity in lieu of monetary compensation however if the management of Ten-24 is really excited about the idea, we welcome the possibility to discuss. -
How long are your terms of engagement
It depends on the project. We have been engaged for terms of 3 months and we have been engaged for longer terms. It all depends on the business roadmap that the fCTO is expected to support. -
Where do we work out of?
We're all located in the Greater Toronto Area. We can however work on projects anywhere in North America. We do not take projects with development teams outside of North America due to incompatible time zones.