Personally, I would look for a US based developer that would do it for the amount you have to spend + some equity. You would be surprised how many talented indi

Personally, I would look for a US based developer that would do it for the amount you have to spend + some equity. You would be surprised how many talented individuals you will attract when they know that you have some skin in the game, the big problem that technical-cofounders have is not that they think every idea is stupid but that they perceive you as just another "I have and idea" guy, when you have some money in they game, they know you are serious and will listen to you. To be honest if you have to worry about money enough to outsource, you probably don't have enough to outsource right and therefore your risk of failure is even higher than a local or at least US based candidate. Adding time zone, cultural and language barriers to the fact that you have no outsourced software development experience is a recipe for disaster. Also I don't mean to be harsh, but if you think yours will be different, it won't the odds are stacked against you and for every one that succeeds there are at least 20 that fail and end up costing 3X the cost that it would have originally cost to have it built with variables that you can manage. Outsourcing takes more management oversight, it is an economies of scale thing, at a certain point a project gets big enough that it is cheaper to hire managers to manage less expensive developers overseas. But just because that recipe works for large projects does not mean that it scales down well. Hiring a manager to manage 1 or 2 overseas developers pretty much negates any cost savings that you would have gained.