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What does a CTO do?

I was just offered the title of CTO at my current company. I'm totally ecstatic with this promotion because this is an amazing offer. I feel comfortable in this company, I love working with everyone in the team and the company holds the same values that I do. However, I had to let my boss know that I need to think about it because...I don't know the duties that come with the CTO title.My questions are:1. What does a CTO do at a company?2. If you are a CTO, what advice would you give yourself before you accepted the CTO role?3. What is one misconception people have about CTO's that isn't true?Any piece of advice, even if it doesn't answer the questions above, is truly appreciated. Thank you!