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Their approach can work, it's just a matter of whether you can find product/market fit before the money runs out. If you contract out the development you're sc

Their approach can work, it's just a matter of whether you can find product/market fit before the money runs out. If you contract out the development you're screwed when you can no longer pay them. We may be the exception, but I came on as the tech lead after v1.0 and v2.0 were built out by a foreign shop and paying customers had been identified. This meant that the original founder was able to keep more of the equity since I was given a salary and my risk was greatly reduced in coming on. Eventually you will probably need a full-time technical person, but you have to make the judgement call as to whether you can get traction before the initial money runs out.

willheim 16y ago
Agreed. It's not always easy for business founders to find a technical co-founder right off the bat. In fact, that's probably the biggest hurdle to get over for anyone coming from the business side. If all you have is an idea and no tech co-founder to share it with then the worst thing you could do is spin wheels trying to find the right partner. Better, I would say, to get the ball rolling with some freelance coders and as the product comes to an MVP 1.0 and you start showing it around and getting some traction you will find technical leads. It's always better for a business founder to get a technical co-founder, yes, but it is not necessary to have one right from the start.