[sjducb]

No, here are some better ways.

1- Raise from VCs/Angels with just a pitch deck. Loads of people do this and there's lots of advice online. Big downside is that you give the VC most of the company. Big upside is low personal risk. If you really need to hire engineers immediately (despite being technical) then this is probably the only route.

2- Sell the product to a client before the product exists. Use the money the client pays you to build the product.

3- Save 70% of your income for a year, work evenings and weekends. Quit your job when you've got enough runway saved up.

4- Become a contractor, work 4 months for clients, 8 months on the startup.

5- Start the company with grant money. There are lots of grants for small tech business

I've worked for people who did all of these. Currently I'm trying #4.