[rahimnathwani]

This is not an answer to your question, but I'm curious - have you shown your prototype to any potential customers/users yet? I may be wrong, but your post makes me guess that you had a bunch of ideas, chose the one which seemed most promising to you, and started coding. It's worth stopping for a reality check.

The first step to convincing others (co-founders, employees, investors) is convincing yourself. Learning from customers/users will help.

If I'm wrong, and that part is covered, you may want to spend some time making a monthly financial plan for the first 2 years of your business. List out all the revenues and costs you expect to have (on a cash basis, not P&L). Be generous in assuming costs, and conservative in estimating revenues. That will (i) force you to think about all the things you'll need to do and (ii) give you a way to determine whether and how much external funding you need.