But still the luxury handbag will be better than the non-luxury one. Whereas the luxury software will be worse, because the non-luxury brand can afford way more manpower to make it great. On the other hand, a luxury software company cannot afford the ad spend to increase brand perception.
The essence of the software business is the vanishing marginal cost. That is what makes the business model so great.
A luxury software essentially cuts itself out of the single most value generating market mechanism in the industry.
I don’t say luxury software is impossible. But I say that the market dynamics of the software industry are such, that the dominating players and vast majority of successful businesses (wrt. to revenue, size, cultural influence) will be mass market or specifically tailored b2b products. Not luxury goods.
Search in your network. If you don’t have suitable people in it, extend it by going to hackathons, conferences etc.
Learn to build a solution yourself is also a big plus. Either by learning high level frameworks or low code / no code.
With this, you validate your idea (makes it more attractive for someone to join) and you show your commitment. Also you present yourself as someone who can at least talk the tech language and understand the challenges. So even if a cto is rewriting everything its well invested time.