Challenges of different companies
For pre-seed startups
Having a demo-able mobile app at hand can help in one of 2 ways:
- He can put it in front of potential customers and get early traction.
- He can go to VCs and show a real product that can scale up with their funding.
Downward spiral
No Proof-of-Concept (PoC) -> Slim chance of funding
No funding -> Can't hire more talent/Can't scale product
Can't scale product -> Can't reach next milestone
For post funding startups
Each hire is critical and can make/break the company. Engineering and technology may be hard but culture misfits are even harder.
Stagnation
Existing customers are excited to see more. The startup can't hire to keep up with customer demand. Customer issues pile up. Or the customers lose interest and realize that they can write their own tools and they move on.
Core Business
There are projects that aren't the core product but are peripherals and important for the overall health of the company. These can be farmed off to specialists
Mid-sized or Profitable companies
Companies at this stage are doing well. They have needs to maintain some projects as they chop and change their internal software tech stack. Or they may have interest in exploring projects that may indicate what their next step should be.
Costs and team interests
The existing team may not have the expertise to handle the tech stack migration and need a boost from a team that can share this workload.
Given the short term timeline, hiring a full-time engineer/s is more expensive than contracting a team.
Areas of passion
Medical devices, Implants, Neuroscience
ClimateTech, InclusiveTech, Food/Agtech
Edtech, Healthtech