There is definitely value in having a seasoned CTO on your team but is this business scalable? I have first hand seen companies loose 100s of thousands of dollars on simple decisions so without a doubt there are benefits to having a service like this. In regards to scalability and target market though, I have gotten arguments on both sides of the table. One of the biggest concerns comes from the standpoint of a virtual CTO with arguments saying that companies rarely need JUST the advice but typically need implementation too.
Is there value in a virtual CTO (without the development team)?
Is this a scalable business?
I'm the founder of elevationlab.io where we provide a subscription access to a suite of CTOs / Technical Advisors and I am wondering where others stand on the business proposition.
I doubt it's scalable. Here are why:
1. Startups with small team usually have tech cofounders who are excellent persons to advise team technically.
2. As the startups grow, they either hire dedicated CTO or promote tech cofounders to CTO
Hopefully it helps.
To put it simply, a subscription to elevationlab.io will get you (and your team) access to a suite of seasoned CTO/Technical Advisors. You will be assigned a point of contact virtual CTO that has access to a network of experts behind the scenes and in certain cases can connect you with specialists in particular fields of interest.
Non-technical Founder? Then why guess on your technology decisions, get expert advice without the long term costs or commitment.
Already have a CTO? Why not back them up with support from a suite of CTOs that have scaled technology and teams already.
Work with experts, be an expert. Have confidence in your software, have confidence in your team.
How are you going to get "CTO that has access to a network of experts "?