How to build a 100 billion $ app?

[HyperFocus]

First: my title was an attention grabber tho this idea is really worth over 100bil with the right execution (im not at that level)

While working on my latest venture I came up with a genius idea for an app business.

Its something so big and logical that it will happen anyway within a couple of years and it will be HUGE!

This is far above my level (have never dealt with such a size) but I thought F it, at least I should try.

I have zero experience with aps and have no programming background.

Would you advise me to look for a reputable company in the Netherlands to create the app?
Or find a talented guy who can build it and partner up with me?

I only have around 200k$ and most is in RE, so I need an investor too.

Im 100% confident that once the app is built and WORKING, that I can make it huge in no time. Ill start in one country then grow it in other European markets once its successful.
Im very sure that it will work but Im also scared because I dont know anything about apps and hate getting investors involved.

Thanks for your advice and thanks for reading. I know my posting may sound unrealistic but Im deadserious.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[codo3500]

No soliciting investors on this forum. [HASHTAG]#ReadTheRules[/HASHTAG]

 

[JonnyC]

[HASHTAG]#landfill[/HASHTAG]

 

[HyperFocus]

No soliciting investors on this forum. [HASHTAG]#ReadTheRules[/HASHTAG]

Im not asking for an investor.

Im asking for strategic advice on which path to take.

One of the paths could be to approach an investor, I already know people with a lot of $ who would invest, but Im not sure if I should do that.
Maybe I could just partner up with someone who could build the app himself? In return for a % in the company.

Cheers

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[downpaymentblues]

Without execution your idea is worth nothing. You won't find a partner, who will do the whole work for you and will kindly share 50 % of the business with you.

My suggestion is: Execute the first steps, get experience in app development, develop a first prototype of the app and then go to local meetups to win others for your idea. One step at a time.

 

[Supa]

Im not asking for an investor.

Im asking for strategic advice on which path to take.

One of the paths could be to approach an investor, I already know people with a lot of $ who would invest, but Im not sure if I should do that.
Maybe I could just partner up with someone who could build the app himself? In return for a % in the company.

Cheers

Why should someone give you % for an idea? Ideas are worthless, the execution counts.

 

[HyperFocus]

Why should someone give you % for an idea? Ideas are worthless, the execution counts.

I agree.

I was thinking to set it up like this:

He technically builds the app
I already have a details on what the app should do and what it should look like.
I might give him money, but not full price because full might be like 100k.
He gets a % in the company.
Once the app is done I will do all the work and I will make it BIGG!
He can still work on sustaining the app etc.
He will be filthy rich!

Do you think this is realistic ?

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Supa]

I agree.

I was thinking to set it up like this:

He technically builds the app
I already have a details on what the app should do and what it should look like.
I might give him money, but not full price because full might be like 100k.
He gets a % in the company.
Once the app is done I will do all the work and I will make it BIGG!
He can still work on sustaining the app etc.
He will be filthy rich!

Do you think this is realistic ?

Why would he need you?
He could make that app on his own. And future promises of you working hard AFTER he worked hard are not the best to get good people on board.

It seems that you are looking for an easy way out, you would have zero control over your product, if the programmer decides to move on you're F*cked.

 

[HyperFocus]

Why would he need you?
He could make that app on his own. And future promises of you working hard AFTER he worked hard are not the best to get good people on board.

It seems that you are looking for an easy way out, you would have zero control over your product, if the programmer decides to move on you're F*cked.

Yes I know what you mean, you are right, thats a serious problem.

What would be a smarter way for me to do it in your respective opinion?

 

[mrarcher]

if you are so confident in how big I will be sell your real estate to fund it.

Yes I know what you mean, you are right, thats a serious problem.

What would be a smarter way for me to do it in your respective opinion?

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Supa]

Yes I know what you mean, you are right, thats a serious problem.

What would be a smarter way for me to do it in your respective opinion?

Well first thing to accept is that there are no shortcuts to success. You will have to put in a lot of hard work to make this work.

I never built an app so I'm not really the best to ask this. Some would probably say the best thing is to learn it yourself and build it. Others may say outsourcing it is the way to go. That's something I can't answer you.

 

[HyperFocus]

Well first thing to accept is that there are no shortcuts to success. You will have to put in a lot of hard work to make this work.

I never built an app so I'm not really the best to ask this. Some would probably say the best thing is to learn it yourself and build it. Others may say outsourcing it is the way to go. That's something I can't answer you.

Yes same here.

I hope someone here has experience building an app so he could warn me of risks and advice me on where to go.

 

[GrayCode]

Yes same here.

I hope someone here has experience building an app so he could warn me of risks and advice me on where to go.

2 ways:

Learn programming build it yourself, find an "investor"
or
Fund it yourself and hire a programmer.

Problem solved.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Kubson]

I am developer with experience in game dev (you can find some of my previous games at fureyegames.com), but could easily create apps too. I am open to talk with you about executing the idea for rev-share. PM if you are interested.

 

[Alxander]

Luckily for you I'm a talented programmer in the Netherlands!

If you can really explain your idea to someone (like me) you could make him create a small Proof of Concept for a small price.
Show your idea to investors and see where it goes.

Send me an PM, I'm interested in creating the app but coming up with further ideas too

 

[HyperFocus]

Thanks !! Good knowledge.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Jesse Dallenbach]

You wrote, "I'm 100% confident that once the app is built and WORKING, that I can make it huge in no time." "Once the app is done I will do all the work and I will make it BIGG!" and "He will be filthy rich!"


Taking that at face value I assume you have extensive knowledge and real world implementation/execution of in marketing and have an already established "network" that aids you in this marketing so you should be well adept in talking with people and negotiating "deals".

If that is the case why the are you coming to an internet forum asking for advice?

The message your posts are conveying are most definetly mixed.

 

[Leo Hendrix]

Outsource the Prototype to someone or a team somewhere the costs of doing so are not so high. Start Small.

 

[Michał Kóska]

Test your idea.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[JordanK]

Why do you believe that this App will cost you around 100k to be designed? I'm a student trying to get my app idea programmed and released and I'm looking at a development budget of 5k with my developer.

 

[Alxander]

Why do you believe that this App will cost you around 100k to be designed? I'm a student trying to get my app idea programmed and released and I'm looking at a development budget of 5k with my developer.

Here is a nice picture to answer your question

So minimum 2k. Maximum could well exceed over 100k. Depends on what you need.

 

[Aaron W]

Go make a website. 1 Page, sell the idea, collect emails.
See if people will sign up to get the first release of the app (just lie and say its coming out soon)

No sign ups = shit app
Sign ups = viable app

No point asking questions here. If its so good you would be running around looking to make it work right now.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[AndrewNC]

Once the app is done I will do all the work and I will make it BIGG!

This is the area I would focus on if you are partnering with a tech guy to handle that side of the business?

Demonstrate how you are able to execute and grow the app...I would spend some effort really articulating your strategy to market and sell the app and grow the business...

I met with a serial entrepreneur last night (must be in his mid 50's), who is raising a seed stage round of $500,000 to develop and market the app, and will be going for $1 Million in his series A funding - and the thing he said that most investors (or partners) need to know....is that you can deliver on the marketing and sales, and they will get their money back...

 

[HyperFocus]

This is the area I would focus on if you are partnering with a tech guy to handle that side of the business?

Demonstrate how you are able to execute and grow the app...I would spend some effort really articulating your strategy to market and sell the app and grow the business...

I met with a serial entrepreneur last night (must be in his mid 50's), who is raising a seed stage round of $500,000 to develop and market the app, and will be going for $1 Million in his series A funding - and the thing he said that most investors (or partners) need to know....is that you can deliver on the marketing and sales, and they will get their money back...

Yes you are right Andrew. Absolutely correct! Why would he invest in me if he can just create the app quickly and let his friend do it.

The thing is that the execution is sooo important!

Even with this unbelievable next level idea I bet that most entrepreneurs will fail. Several have came up with something a bit similar yet their strategy disables them to make it big.

I know I can make it huge from the ground up but in order to make it really huge internationally I need help on a whole different level, but before I can ask for that help I want to be able to show that person that Im the one to invest in rather than have him create a similar app quickly and take over the other country's markets.

Im not yet at a level for this idea but I believe I will in any case learn a tremendous amount, which is the reason why Im moving forward with it.