Costs & Fundraising

How can I estimate what my MVP will cost to build without being technical?

Answer:

Begin by describing your MVP as a few key user journeys rather than a lengthy feature list, such as “a new user signs up, connects payment, and performs action X”. Ask two or three experienced engineers or vendors to estimate the effort for each journey, including testing and deployment. Multiply these estimates by realistic hourly or daily rates based on the required level of seniority, then add a buffer for changes and uncertainties, usually at least thirty percent. Compare the estimates side by side and inquire about the reasons for any differences; the quality of the explanations often matters more than the precise figures. Use the estimate as a planning tool, not a definitive promise set in stone.

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