> how to get to decent product without upfront investment

Yeah, this is the hard part.

I work in the small “ERP-like” business market and I’ve come up with some good ideas (based on the reaction of the people I talk to). But the problem is that even a small team of about five genuinely solid developers can cost around US $300,000–500,000 per year — and that’s even factoring in that I’m in LATAM!.

That’s a lot.

To make something like this happen, you need to convince fairly big players — the ones who have the capital and the patience, but more importantly the vision. And that’s the part that’s rare. At least in theory, that’s what VCs are supposed to bring.