1. We are both programmers, but we will need more people...
2. The thing is that if we get a beginning investment of 10K we dont want to blow it off inmediately on one single guy...What I was asking is how to invest it the better way possible? (that is what I meant with cheap)
If you're both coders, stay true to what you're suppose to be doing. Bootstrap your prototype yourselves and make it a true MINIMUM viable product. You don't need a 3rd developer as much as you want one, or a 4th or 5th right now. One you get some tractions, there will be more doors open to you.
However, as someone else noted, if you're looking for cheap help, you're probably in the wrong place. While there are many talented people who may consider working for cheap or pure equity, it's something that naturally happens if they believe in you, your brother, your company, your vision, etc... It's not something you should go out of your way to try to convince people. Hard sales rarely work.
ok, that's better, having some investment and you both being programmers will be easier to sell your idea to potential cofounders. I would say best is to find another co-founder that is willing to take only shares more than 10%, up to 25% would be reasonable if he's good. A sign that he is good would be that he will have good ideas on how to go on from where you are, that is how to best spend your 10k, until the next round of investment. So go out interview potential cofounders with one of the question being this one.
1. We are both programmers, but we will need more people... 2. The thing is that if we get a beginning investment of 10K we dont want to blow it off inmediately on one single guy...What I was asking is how to invest it the better way possible? (that is what I meant with cheap)