The prototype we create should portray the capability of our business to sell the real solution to a problem. Further, it has to showcase the 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 the prototype will suffice for a few products and wouldn’t for others. In most cases, founders cannot completely rely on it and might have to endeavor 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.
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