I have been a cofounder in the past in a different industry (Business-to-government, EU), with an experienced CTO, we raised 250K but failed to raise more due the nature of our business so we closed shop.
Now, I have been working on this idea for a few months on validation and on technical feasibility and decided to go for it. Its not very complicated to pull off tech-wise, and I found some open source projects that could be of help, but ultimately I would need a team of people to build it.
I obviously need a CTO and I have asked a few friends and acquaintances but at the moment theyre busy doing their own things, and its too early for them because I dont have much to show for at the moment. They have told me to validate the idea first by signing up potential customers and then come back.
So going forward, I can invest around $50K for an MVP, and the initial launch. I can start talking to customers, but I need a team of freelancers to build the MVP.
My question is, how and where do you find effective and affordable freelancers? How do you go about it without getting burned? Do you go to a dev shop, or make a team of individual ones?
I highly recommend against Freelancers or people who will have no future skin in the game. Instead, you need to try and get some type of Prototype built yourself (may be with some help) and then look for a CTO/Co-founder.
Ok, so what can you do to find a CTO:
- Do Wireframes or mockups of your idea (use something like Whimsical or any other mockup tool. Personally I am a big fan of Whimsical and use it daily to mock ideas)
- Get it designed using something like Figma. May be use a Designer Freelancer for that. That's ok
- Put up a landing page using a website builder. Talk about the idea there. Create a signup list if you can.
- Get busy on social media like twitter/linkedin
Do all of these and you may be able to attract a good CTO. The point is to do enough things first to attract the tech co-founder.
Again, do not pay freelancers to build an application unless you really have no leads even after doing all the steps I mentioned above. You will thank me later.