Daniel Fazio (speaker) explains, from personal experience owning multiple SaaS businesses, that the single most important factor for success is having a good CTO who has equity and incentives aligned with the business. A competent CTO can accurately manage developers, assess timelines and costs, and prevent founders who lack technical expertise from being misled.
I own five SaaS companies, own shares and five SaaS companies. And the number one thing that makes it work well is just having a good cto. And what I mean by that is if you're not technically inclined and you start trying to talk to developers and they give you timelines and they, they say something is going to cost this much or take this many hours, you have no idea if they're lying. So if you have a good CTO who is also involved in equity, like has equity himself and has an actual incentive to grow the business, he, he will manage those developers and knows what actually is realistic.
