Anyone who's basing their business model on cheap programmers is doomed to fail. The reason is that he/she does not understand the inherent nature of programmer

Anyone who's basing their business model on cheap programmers is doomed to fail. The reason is that he/she does not understand the inherent nature of programmers. The quality therefore productiveness of programmers follows the power law distribution, meaning that a single good programmer can not be matched by 100 average coders. So if not possible to pay him a stellar salary, try with equity options. However your idea must be worth something, and the cofounders need to be worth something, which I seriously doubt.