Should a company under fifty people have a CTO at all?
Four of ten moved toward no. The argument named most often: the title buys a person, and the person is what the company needed, at a third of the cost of the title.
Whether the constraint at fifty people is capability or authority.
Two held for yes: an investor and the outsider, on the grounds that the board needs one name to call.
One case where the absence of the title, rather than the absence of the person, cost a round.