As a non tech founder of a company trying to work on payments what is correct way to progress. Outsource basic product development till a proof of concept is ready or hire a CTO and a tech team in house to get the product developed.
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The idea is to look for angel / VC funding also so what should the best way forward be?
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Answer:
Well, any payments service is pretty tech-heavy, so you will need to have a certain level of skills to make something that will show off what you are trying to do. Before you have any proof of concept, it'll be hard to convince someone to join you, or an investor to invest in you. A great idea would be to copy what Dropbox did, which was to create a landing page with a great demo video to show off exactly what they are trying to do. They were able to get 75,000 users sign up even with any line of code written. That said, you can check out building a good landing page at like http://wix.com or http://weebly.com, and creating a cool video using http://powtoon.com. If you're interested in how you can get everything started, check out http://startitup.co.
Edward Liu at Quora Visit the source
Other answers
What ever gets you first dollar of revenue would be better. But be forewarned, payments industry works on Razor think margins, unless you can show VCs how you can get volumes it would be hard for you to be funded.
Sainath Gupta
Maybe find some one with technology smarts and mutual trust to be a co-founder.
Parikshit Borkotoky
What is the basic premise of the payments gateway product that you have in mind? Unless you have a very specific idea and fair bit of funding, it would be a big challenge to do product development from outside. My 2 cents of advise is to wait for a CTO to join you. Good Luck. http://sangram.me/ http://able-partners.in/
Sangram Singh
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