Prototype enough for validation of startup product
Source | thepsshow.com | Team PS Show
The prototype we create should portray capability of our business to sell the real solution to a problem. Further it has to showcase value it brings to customers and investors. Our analysis of product-market fit, investment and other decisions cannot be made just on the basis of a prototype. Prasanna explains how prototype will suffice for few products and wouldn’t for others. In most cases founders cannot completely rely on it and might have to endeavour to build a full fledged working model.
Is prototype enough for validation? What are product and business types where this could work?
In this video, Prasanna Krishnamoorthy explains the question, Is prototype enough for validation of start-up product. He is Partner in Value Saas Catalyst firm Upekkha. He enjoys coaching young entrepreneurs and worked with Microsoft Accelerator. Moreover he also authored various articles on start-ups, product management and crafted frameworks for product-market fit.
This video is part of Start-up 101 series, a handbook for all your start-up questions. They are a series of crisp, straight to the point solutions to all the possible queries. Here our start-up Gurus strengthens your basics, before manoeuvring your way through nuances of start ups.