Frequently Asked Questions
Our mission, values and beliefs
Our mission is to create environments of trust between stakeholders and IT executives.
We value advocacy and we prioritize advice based on unbiased and diverse relationships.
We believe the information technology industry has let down small and medium business which has caused a distrust chasm. We believe the way to get it back with successful technology implementation backed by checks and balances, advocacy and edification.
Who do you serve?
We're different because we do not exist to serve the CIO or CTO. We exist to serve the stakeholder - the CEO, CFO, etc. Our mastermind groups, think tanks and brain trusts are designed to initiate open discussions that ultimately benefit the business technology decision maker.
Do you have to be a CIO or CTO?
Nope. A number of our members are directors and VPs. What matters most is if you report to, and are accountable to, stakeholders - the CEO, CFO and/or board of directors. You create and drive information technology strategies and initiatives and secure the resources to deploy them. You are looking to create more visibility into your role and your impact.
Why does CIO Mastermind exists?
We needed it and it didn't exist. Networking events, summits, meetups, vendor dinners, etc. were not providing what we needed - frequent access and communication with another CIO or CTO. We needed access to time to them to get their knowledge, experience, and input.
Do you charge?
Yes - we have to charge or the busy CIO will find a way not to come. If the busy CIO doesn't come, we have no group.
The price of membership needs to be at a level that is not insignificant as well as not too high for somebody between gigs (just in case). The standard price for a year of membership in the CIO Mastermind is only $5940, which is $495 per month.
If you're thinking something like, "Darn! I'll bet the value you could get from a group like this far exceeds any cost!", then you would be a perfect fit and we want you. You should come to meeting as a guest.
If you're thinking something like, "Darn! Another cost!" without the thought of the amount of value you would get, maybe you could step up your game. We love to work with people who are trying to improve!
What is the conservative ROI from membership?
Great question. Glad you asked. Here is your conservative return on this investment:
- Average group size of 9 members (8 other members)
- Conservative salary of average member = $150K/year
- Hourly rate of average member (50 wks/yr, 40 hrs/wk) = $75/hr
- 10 months participation in a year
- Minimum market value of Info-Tech's CEO/CIO Alignment Surveys = $10K per report
- The fee for membership per year = a dollar amount that keeps people serious about attending AND one that our founding member Scott Smeester would pay if he was unemployed and had to put it on a credit card = less than $500 per month or less than $6000 per year.
The fee of membership is $5940.
Professional CIO/CTO consulting hours gained
8 members * 3.5 hrs/member/mo * 10 mos = +280 hours
Consulting dollars gained
280 hrs * $75/hr = +$21,000
CEO/CIO Alignment Programº
2 per year * $10K = $20,000
Value per year
+$35,060 MIN. RETURN ON INVESTMENT