Start-ups fail to execute their vision because tech teams, which are responsible for creating the user platform, are unable to demonstrate scale to investors after the initial funding round.
“The ugliest mistake a start-up can make is not to hire the right profile for the CTO role,” believes Sanchit Vir Gogia, Chief Analyst, Greyhound Research. “The CTO must have a deep tech focus and skills in new-age technologies, be nimble, agile, and come with zero baggage.”
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Analyst:
Sanchit Vir Gogia: Sanchit is the Chief Analyst, Founder & CEO of Greyhound Research, an award-winning global research & advisory firm. To read more about him, click here.
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Sanchit….I agree with you the CTO is super important. However no matter how good they are – he / she has to solve a real problem real clients want to pay for.
Very often Start ups fail because they are building what they want to build …not necessarily what someone wants to pay for.
I was shocked that this simple fact leads to one third of start ups failing