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Ask HN: How would you use 50k to move idea forward?

1 pointsby teemabout 13 years ago
Going to take a leap... Have an idea that has been causing me to lose sleep for a while now. Zero coding skills (started CodeYear recently) Every time I discover and learn something new from reading HN posts I apply it and feel a sense of accomplishment as my idea is coming to life. I went from Balsamiq wireframe to a fireworks click-through prototype in the past 3 weeks. Although I will be using my own money to start, I lack the technical savvy to avoid having a potential setback from hiring the wrong freelancers or company to build my idea. My thinking is that I will have a better chance at finding a technical co-founder from this initial build. If not, I would still have made progress to hopefully lead to finding a technical partner. Not looking for advice in regards to incorporation or vesting, as I already have a grasp of this and a competent attorney will be involved. I'm hopeful and looking for any advice about having it built. Must do's, Don't do's, pros, cons, recommendations Thanks! What would you suggest?

1 comment

dmils4about 13 years ago
Don't spend money. $50k is a hell of a lot of money to spend to build a prototype. Depending on what you're trying to do, it should not cost that much. Just get your minimum viable product built, whether you're building it yourself after spending a few months learning enough code, or if you pay a contractor to do it now (get someone to work for equity or just remove features until it's affordable to have them do it).<p>One way or another the experience will be valuable (learning to manage/work with engineers is just as valuable as coding IMHO), but again - don't spend that much to do it. You could build the prototype, only to find that it's not a service people are interested in using. That would suck, but not as much as losing your entire savings to learn the same thing.
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