WeLoveNocode Blog

How I Lost 200K $ and Learned to Create MVP in a Week

Let's start with where I got the money from. Honestly, I saved on lunches, mined crypto on video cards in 2014, and earned about 500 thousand rubles in a year. Then I invested all my savings in cryptocurrency. I was lucky, it grew 10 times. As a result, my capital amounted to 200 thousand dollars.

With this money, I decided to create a platform for managing crypto assets. The essence of this platform is to enable traders and crypto funds to manage the assets of their investors, connect to their exchange accounts, view statistics, and analytics. The idea was great, wasn't it? Yes, I thought. It would be hype, I thought.

Naturally, I started looking for programmers who would write a program for me. I drew up a contract, thought of everything, hired specialists. Team leader promised that for 4 thousand dollars he would make the first version of my product. Naturally, I paid in advance and sat and waited. For four months, I wrote off every day, asked for results. But the guys moved the deadlines, explained to me that it wasn’t up to them. Thus I got a broken frontend.

Mistake № 1
I didn't check which people I entrusted the project to. I didn't know their background, I didn't see their projects, I didn't even know how to evaluate their skills.

I decided not to give up. I thought: well, I got such not very proven guys. I started again to look for programmers. I trusted the first person I met, threw off the code from my unfinished platform. Hoped that someone would help me get it up and running. In the end, I decided that I needed a team. I hired it.

Mistake № 2
I decided that I could manage a development team without programming knowledge, without understanding how the team works.

Six months later, these guys didn't finish the job off properly. There were many bugs in app. Platform users have complained that nothing is working correctly. Given that the platform is designed to work with financial assets, it is very important that everything runs like clockwork. And this was not. It was a failure.

Mistake № 3
I thought the problem was with programmers who don't know how to work and only want money. I could not understand when they told me the truth and when they deceived me.

A "default" distrust of programmers has been developed. There were even those who did nothing at all. So, the guy marked the tasks, answered all the calls, and when I asked to check the code, there was nothing at all. Three months of such nonsense!

I followed the same path again: I fired - I found new developers. If after three months they did not succeed, then I again fired and found new ones. In total, for three years I entrusted my startup to about 20 programmers and received nothing.

Mistake № 4
I wanted to get a product, although I didn't know anything about how it was created and how everything worked from the inside. I removed all affairs from myself and delegated all functions.

Understanding the problems, I started learning to program several times. I studied with open guides. But everyone understands that you need to spend several years in order to obtain the required amount of knowledge. 

That's it, I gave up and sold my startup. Sold for much cheaper than I invested in it. This platform is now operational. In fact, my startup idea was interesting, necessary, and useful. But I could not get the planned result from it.

My bits of advice:

When I realized that programming requires serious knowledge and experience that cannot be obtained in an hour, a week, or even a whole month, I started looking for options.
I’ve discovered the No Code for myself. I learned what Bubble and Adalo are. How to work with these platforms, what products can be made quickly and efficiently. 
You don't need to be a programmer using these and other platforms. Here is the whole list of No-Code tools. You just need to think over the idea, present its basis, and start.
To make it easier, let's just say that you are driving a car. You start the engine, look around, quietly step on the gas. Smoothly you start moving, moving in one lane at a certain speed to the designated target. 

  1. Define the goal. You have identified a specific idea for a mobile app. You send to work with minimal functionality,  practical design.
  2. Neither to the right nor to the left. Designing and branding are accompanied by the words: "Let's go like this. No, we'd better add this too." Stop. Keep your design simple at the start. Write down any additional suggestions, their introduction - in the future. At the start, just move in a straight and don't pull the wheel. 
  3. Bit of gas. Carrying out an idea, designing and branding are endless processes. Don't waste your time. Bring apps to life on the web. The design helps the application work correctly.
  4. When you drive out and are moving in the stream. This is the way your application and how it feels in the marketplace. Just like everyone else, it is moved and tested by users. Now is the time to stand out, find your clients. The design evokes positive emotions, becomes your own.
Step on it, drive fast! If the application has gathered, for example, a thousand (1000) real users, then let's drive fast. Add new things and additions, take into account the desires of your audience. Insert smiles, icons, let your application "be kind" to all users. May it be useful and help people.

When I realized how it worked I tried to do it myself. I've written an article about how to create an MVP in two weeks. I spent only two months of training. After that, I’ve been asked to create applications. Through communication with the communities, I learned that many startups had the same or similar problems. They also lost money due to the fact that they did not understand the project and entrusted their idea to people who were completely uninterested in the result. 

I've realized that a lot of people are looking for no-code agencies and  I've created a new startup Welovenocode.  Outlined its goal: "We create MVP in a week." I put together a team. Our difference is that we not only issue a finished product in a week, but also record a training video, give access to our No Code courses, and explain how everything works. Clients do not depend on us. They can at any time independently supplement their application, as in Lego: remove what is no longer needed, complete a new one. Thanks to our products, more than 50 people were able to realize their ideas in a short time and for the small end money ($ 1,500). All projects live, work, and make a profit. 

To sum up
If you don’t want to lose money and time to develop a mobile application or site. 
If you don’t know anything about programming and you don’t understand how things have been done from the inside. 
If you want to implement your idea quickly, simply, and independently.  
Use No Code tools.
Today, there are more than a thousand of them for different tasks, and they’re easy to master and apply.
How do I do this