Since 100% of the business relies on having the product and I don't have the skills to create the product, should I drop the idea or find a tech cofounder?
Because then I'm 100% reliant on the tech cofounder to build it and how do I know the person doesn't just build it and market it themselves?
I have helped many non-technical founders getting their ideas started and running successfully. it is the most important question when they start. I usually recommend two choices in this case.
1. Find a Co-founder
2. Recruit somebody who can do it
Following are the Pros and Cons:
SaaS is an extremely slow burn but can also have amazing growth potential depending on the space. You need to find technical talent that doesn't mind grinding for 6-24 months without turning much of a profit.
Even if you are well funded, unless you have prior success in SaaS, you will most likely burn up your runway finding product-market fit. This why I personally suggest against hiring technical talent until the business has achieved certain milestones.
You really need a technical cofounder that share the vision for the service, that understand the insane amount of work involved, and can build your MVP.
