Looking for a CTO? Can't find one? Here's why
www.thisisgoingtobebig.com/blog/2007/12/19/looking-for-a-cto-cant-find-one-heres-why.html
From the page
Saved with the link. Notes from 2007 to 2016 are mostly the page's own words, so this is probably an excerpt.
One of the reasons people work at startups to begin with is because they feel like their work will be a lot more rewarding versus working in a big company. If their work isn't highly valued by the people that start the business, then what's the point of even working for a startup? No one's going to join a business team as the CTO for a 5% stake in the company or if your first thought is, "I don't want to give that much away."