Startup Funding Espresso Pre-seed Product Work
Pre-seed Product Work Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. The minimum viable product is one of the more challenging products to design. There are many choices and limited resources available. In designing your MVP consider the following: Scope into your core technology in building out the first version. Eliminate as much of the surrounding building as possible. Take a specific use case and focus on solving that alone. Focus on learning the customer\u2019s problem. Consider as many implementation options as possible. Don\u2019t set your heart on a particular implementation of the product.\xa0\xa0 In general, the MVP will not be your first product but will lead you to it. Set a deadline for finalizing the design and then set a deadline for building it. The deadline should be in weeks and months and not quarters or years. Try and sell it before you build it. Build it without raising funding and save the fundraise for the final product. In addition to building the MVP, build an ideal customer profile for the first version of the product. Think minimum utility, not maximum capability. \xa0 Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.Let\u2019s go startup something today. _______________________________________________________ For more episodes from Investor Connect, please visit the site at: \xa0 Check out our other podcasts here: \xa0 For Investors check out: \xa0 For Startups check out: \xa0 For eGuides check out: \xa0 For upcoming Events, check out \xa0\xa0 For Feedback please contact info@tencapital.group\xa0\xa0\xa0 Please , share, and leave a review. Music courtesy of .