A Fractional CTO helps you in quickly launching your MVP in
“weeks” and not “months”, and creating some low-hanging revenue stream for the
product and leaves room for quick future scaling, and saves you from going
off-track.
Fractional CTO for Early-Stage Startups
1. Understanding Your Product Idea and Long-Term Goal:
This is the first task essentially. The Fractional CTO
understands what you want to create thoroughly, divide the total feature list
of your product into “Regular features”, “Unique features”, “Complex Features”
and goes to the next Step.
2. Help You Create the MVP Quickly:
A Fractional CTO will guide you to create a lean but useful
MVP version of your product and launch within weeks and then put that into
iteration for gaining more market.
3. Tech Stack Identification, Architecture Design,
Building Technology and Product Development Roadmap:
Based on the specific demands of your product, a Fractional
CTO will identify the Technical Stack to be used to achieve the goals and also
considering the long term scalability of the product.
4. Guiding the Startup in Sourcing the Talent:
Depending upon the project needs and budget, a Fractional
CTO may suggest you to either outsource the whole project to a proper
Development Company like Agicent or to distribute different components of your
product to different vendors.
5. Overseeing the Developmental Operations:
So they get involved in implementation as a Supervisor or a
guide and review deliveries, give feedback to the team, help them with
troubleshooting when needed.
Fractional CTO for Bigger Startups
1- All or a Part of What a Fractional CTO Does in an Early
Stage Startups
2- More Strategic Involvement:
Assuming that a bigger or mature startup will have more
Technical leaders and Project and Product Managers, the role of the Fractional
CTO here would be more focused on creating short and long term Strategies
related to product development and Technology as a whole.
3- Creating and Owning Distributed Development Teams:
The CTO will define which team does what, and also design
their collaboration protocol, setup up KPIs and KRAs and oversees and makes
sure the work is being done as expected.
4- Helping in Creating Partnerships and Profitable
Collaborations With Other SAAS Providers or Tech Companies:
You need your Fractional CTO whenever you want to forge a
tech Partnership with another technology provider or a SaaS provider. The CTO
will help you getting a better revenue sharing deal here.
5- Team Transition:
A Fractional CTO will guide the process of Transition when
you outsource all or a part of the work to an offshore team or vice versa when
you bring back your outsourced work and create your own inhouse development
team.
The Wall