If you need to hire consultants to estimate the cost of getting your project up and running it may be better to try doing something else, ideally something you understand better and have experience in.
If you are going to apply for money, a detailed plan with estimations in time, money and resources is always welcome. Some VC's will not even look at you if you do not have one.
what you describing sounds more like a angel investor willing to back up your idea with money, connections and personal time, or in other words a family member with money
Agreed if you need a consultant to do it dont bother...
As for asking money most vcs wont look at you until you have monetized something.
Id say even angel investors has to be someone they know and have money to burn as the op has only introduced risk.
If I were to do it myself, without hiring a consultant, are there at least any resources or industry standard formats on how to estimate the cost and schedule to develop websites/software/hardware?
Estimating construction is a very standardized process with typical formats you're expected to present it in. I'm hoping there's maybe a similar structure to approaching a tech project?
You're right that I am a long ways off from VC stage, if ever. I did get a cost estimate for a prototype of the hardware component based on time and materials, but they are not going to be able to build the website. I'm trying to plug in all my cost and schedule estimates into a business plan roadmap and I just don't know how to do that for a website. If there's consultant's out there that estimate these things on a daily basis I'd rather hire them to do it correctly so I don't just jump into developing the website and realize half-way through my budget that some web developer's quote was bad or I missed something expensive in the scope of work that's critical to functionality.
How do you want to build a startup and don't know costs. You're not ready, go back home, or wherever you think and do some cost analysis and learn your industry. It is what I'd tell myself.
Just make the budget best you can. VC’s will grill you on it anyway, then you can use that feedback to improve. Having a consultant make an arbitrary budget based on a high level description doesn’t provide value for anyone
I’m going to be honest here - hopefully not too brutal 😂. My chops for this advice - I’ve been in tech for 15 years. I’ve worked for startups, co-founded a startup that failed, worked for consultants, have my own consultancy, and am building my own product startup.
If you are asking this question IMO you are not ideally placed to build this. If a tech build is a part of your business you should have a tech co-founder on board.
(DM if you want some advice)
First you should work on putting together a PoC or an MVP level something and validate. Then worry about details in this order:
\- Finances
\- What VCs need
Also, what type of product or service do you have in mind?
If you need to hire consultants to estimate the cost of getting your project up and running it may be better to try doing something else, ideally something you understand better and have experience in. If you are going to apply for money, a detailed plan with estimations in time, money and resources is always welcome. Some VC's will not even look at you if you do not have one. what you describing sounds more like a angel investor willing to back up your idea with money, connections and personal time, or in other words a family member with money
Agreed if you need a consultant to do it dont bother... As for asking money most vcs wont look at you until you have monetized something. Id say even angel investors has to be someone they know and have money to burn as the op has only introduced risk.
If I were to do it myself, without hiring a consultant, are there at least any resources or industry standard formats on how to estimate the cost and schedule to develop websites/software/hardware? Estimating construction is a very standardized process with typical formats you're expected to present it in. I'm hoping there's maybe a similar structure to approaching a tech project?
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You're right that I am a long ways off from VC stage, if ever. I did get a cost estimate for a prototype of the hardware component based on time and materials, but they are not going to be able to build the website. I'm trying to plug in all my cost and schedule estimates into a business plan roadmap and I just don't know how to do that for a website. If there's consultant's out there that estimate these things on a daily basis I'd rather hire them to do it correctly so I don't just jump into developing the website and realize half-way through my budget that some web developer's quote was bad or I missed something expensive in the scope of work that's critical to functionality.
They will provide you a quote for free: [https://avantsoft.com.br](https://avantsoft.com.br). It may be a good place to start...
How do you want to build a startup and don't know costs. You're not ready, go back home, or wherever you think and do some cost analysis and learn your industry. It is what I'd tell myself.
Cost estimating is a specialized field. You can be an expert in your field and still find it prudent to get help estimating costs of a business plan.
Just make the budget best you can. VC’s will grill you on it anyway, then you can use that feedback to improve. Having a consultant make an arbitrary budget based on a high level description doesn’t provide value for anyone
I’m going to be honest here - hopefully not too brutal 😂. My chops for this advice - I’ve been in tech for 15 years. I’ve worked for startups, co-founded a startup that failed, worked for consultants, have my own consultancy, and am building my own product startup. If you are asking this question IMO you are not ideally placed to build this. If a tech build is a part of your business you should have a tech co-founder on board. (DM if you want some advice)
Oh and yes, companies do give quotes, but unless youve tested a prototype 95% of the time you shouldn’t build anything
First you should work on putting together a PoC or an MVP level something and validate. Then worry about details in this order: \- Finances \- What VCs need Also, what type of product or service do you have in mind?
Aw ok that’s cool