How to build a technology team that wont sink your startup

How to Build a Technology Team That Wont Sink Your Startup

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42%Startup fails because of the ‘lack of market needed for their product’

23%Startup fails because the team wasn’t right.

Proof of Concept (PoC) Technology expert 15-25 years of experience in software development 360 degree view of technology landscape Cost effective with contract-based or hourly commitments Specialist guidance

Market research specialist Feasibility study Guidance on platforms and developers Minimal risks

Prototype YOU'LL NEED A MID-LEVEL DEVELOPER TO DEVELOP A PROTOTYPE

Freelance developer Freelancer Less expensive No long-term commitment Time-consuming process

Software development agency Very expensive Short-term/Long-term commitment Fast delivery processes

Hire a developer Long-term commitment Moderately expensive Outcome uncertainty

Minimum viable product READY-TO-LAUNCH PRODUCT VERSION WITH FEATURES TO ATTRACT EARLY ADOPTERS

Build your own development team Long-term commitment Highly expensive Flexibility, gives more control Time-consuming hiring processes

Sign a contract with a software development agency Short-term contract Highly expensive Rigid, less freedom to make modifications High accountability

Subscribe to a dedicated team model Less expensive Highly flexible, more control over projects High accountability Least commitment Easy team upgrades without hiring hassles

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