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SaaS startup - Tech Co Partner Question
Long term you definitely want to have the tech expertise in house.
That said, getting outside help (agency) to build an MVP so you can further validate your idea and get customer feedback might not be a bad idea.
You want to implement *the least amount of product you can get away with*. Don't build your dreams, build the bare minimum and see if it sticks. This should bring the costs down and let you move quickly. Echoing other comments, *do not spend all your money on this*. You should probably keep the initial MVP cost down to at most half of your budget (as a rough measure).
In parallel, search for a cofounder. Showing how you handle the product/market/biz side of things, and seeing user's reaction to your MBP, will give potential cofounders confidence that you know what you're doing.
If you go with an agency, see if you can get the MVP built as a fixed price, and as breakdown per feature. The agency will probably balk at this if the technical specification is not detailed enough. This is great, it means you haven't been detailed enough, so dive into those details and iron things out.
You will also see how much something will cost which will give you incentive to trim your dreams down for the MVP.
If you have a dev friend, ask them to go with you through your spec, and also periodically check in with the team to see the progress and raise any red flaga of they see it. In any case, you want to keep a close eye on the development, try "work in progress" versions as they're done to spot any inconsistencies - basically be more involved in the process throughout. -
Aurora Cannabis $4B Collapse โ How Investors Can Recover Their Losses Now?
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