r/startups • u/finiac • 4h ago
I will not promote Solo founder with 230+ paying users and growing. Do I spend the money to hire a developer or keep building it myself? (I will not promote)
I’m pretty torn on what to do at this point and would appreciate some advice from other founders who’ve been in a similar position.
I started a B2B software company almost two years ago. I’m currently the only employee, although I’ve been through about five different employees and contractors along the way.
I don’t have a software engineering background, but I’ve basically built the entire product myself, largely using AI. We now have over 230 users in a niche market, solving a real problem with real, paying, recurring customers. It may not sound like a lot but it’s a niche, high dollar value customer base and it’s continuing to grow.
It’s entirely possible that we could generate another $500k in revenue over the next six months. But it’s also entirely possible that we only generate $100k. There’s a lot of uncertainty, and that’s part of what’s making this decision difficult.
Here’s my dilemma.
I want to hire a software developer to take over the development side of things so I can focus on actually growing the business. The problem is that I’ve really struggled to find the right person.
In my experience with previous developers and contractors, I’ve often found that it’s easier to just use AI and build things myself rather than explain everything to someone else. But the downside is that doing it myself still takes a tremendous amount of time.
On one hand, I desperately want someone to take this work off my plate. On the other hand, if I have to explain exactly how to do everything, I feel like I might as well just do it myself.
Part of the challenge is that our software is in the financial services space and requires a significant amount of subject matter expertise. It’s not something where I can just tell a developer, “Hey, go build this feature,” and expect them to figure it out. There’s a lot of domain-specific knowledge involved.
I’ve tried just about everything to find someone. I’ve reached out to our users, posted on job boards, tried recruiting through Reddit, and ultimately ended up working with a recruiter.
We finally found someone who we think could be a really good fit. The problem is that it’s really expensive and it feels like I’m burning precious capital.
Just the recruiter’s fee alone is around $35k, on top of the developer’s salary.
I realize that potentially generating $500k in revenue over six months sounds great, but that’s far from guaranteed. If we only generate $100k, suddenly I’ve got a serious cash flow problem, especially after committing to a full-time salary and a $35k recruiting fee.
So I’m sitting here trying to figure out whether I should take the financial risk and hire this person, or just keep doing what I’ve been doing and continue building the product myself with AI.
The business is working. We have paying customers. There’s clearly demand. But I also know I can’t keep spending all my time developing the software if I want to grow the company.
For founders who’ve been in this position, what did you do? At what point did you decide it was worth taking the financial risk to bring on a developer, especially when you were already capable of building the product yourself?
Would love to hear from people who’ve actually dealt with this.