So if it takes a large number of programmers a very long time to produce a product, the valuation is higher than a small amount of programmers creating a viable product quickly?
What I'm driving at is that some ideas you can do a minimum viable product very quickly, other more ambitious ones might need months of work - I was trying to avoid making assumptions about what this unknown idea might be, and throw the focus on potential cost to launch. The question is so open-ended that it sounds like an interesting idea without any financials yet; so I'm trying to estimate the cost of satisfying my curiosity about whether or not a market exists for whatever-it-is.
A webapp that solves a particular problem by matching buyers and sellers might need only a week of work to begin being useful. But not all ideas are so straightforward - for all I know s/he might be imagining the next evolution of the spreadsheet.
Comments
# of programmers * months to MVP * credibility * $10k.
Even a mockup is better than nothing, but you'd do well to find your own tech partner.
So if it takes a large number of programmers a very long time to produce a product, the valuation is higher than a small amount of programmers creating a viable product quickly?
It would need to be :-)
What I'm driving at is that some ideas you can do a minimum viable product very quickly, other more ambitious ones might need months of work - I was trying to avoid making assumptions about what this unknown idea might be, and throw the focus on potential cost to launch. The question is so open-ended that it sounds like an interesting idea without any financials yet; so I'm trying to estimate the cost of satisfying my curiosity about whether or not a market exists for whatever-it-is.
A webapp that solves a particular problem by matching buyers and sellers might need only a week of work to begin being useful. But not all ideas are so straightforward - for all I know s/he might be imagining the next evolution of the spreadsheet.
So if I hire stupid and lazy programmers my valuation will approach infinity?
Only if you have epic levels of credibility.
Could you provide an example?