It’s a long way from an entrepreneur’s “idea” to a working product with a real market and paying customers. A necessary intermediate step for proof of concept, credibility with potential investors, and communication with your team, is a working prototype. Building a prototype should be an early and high priority task for every startup.
A prototype doesn’t need to look great, or be built to scale, but it better accurately translate your vision into something real and tangible. For less tangible products, like software, it should simulate the look and feel of the final product on relevant base hardware. Here are some key objectives to keep in mind when designing your prototype:
-
Validate the customer need and opportunity. I always hate it when I see startups invest millions of dollars in technology before they validate their ideas in the market, only to find that customers seem to be looking for something slightly different. Test your idea early in a form that is easy and inexpensive to modify.
-
Demonstrate to you and your team that your idea is implementable. No matter how strong your vision and theory, you won’t know for sure until you see it, that it really works. Even the best ideas often fail. Even when it works, key members of your team may not understand it all until they can touch and feel it.
-
Leverage the technology to change directions as needed. In these days of rapid change, almost every startup has to adapt their solution, business model, or target customer. A pre-production prototype will allow you to be adaptive without dire consequences.
-
Convince potential investors to take you seriously. Angels and venture capitalists are all about reducing the risk. Per the above points, if you have a validated a working prototype, investment risks are dramatically reduced. These days, if you don’t have a proven prototype, investors probably won’t even talk to you.
-
Early start on testing performance, materials, and quality. Work with the prototype will help you determine the best materials, like metal versus plastic, to assure acceptable performance and durability. Don’t wait for the final production model to find out that your product has a weak link in one of the common environments.
-
Basis for working with vendors to finalize costs, manufacturing, and marketing. After the market and product have been validated, the real challenge comes. You need to find vendors who can deliver in less cost and time than competitors, and build distribution and support channels. A prototype is the three-dimensional version of your vision.
There is nothing wrong with starting simple, engaging a friend who does mechanical design, or a student at a local industrial design school. In fact, many universities have expert professors, graduate students, and laboratories in all the key technologies, and they may be happy to do the work for you, if they can use it for class projects and Government Grant applications.
If you are ready for the next stage, it’s easy to find commercial resources on the Internet, like ThomasNet, a one-stop database of 650,000 manufacturers, distributors, and prototype developers, covering every state and country. There are new methods of prototyping, like stereo-lithography, which allow plastic prototypes to be made directly from computer drawings for a few hundred dollars, rather than waiting for injection molding at more than $10,000 per item.
Even at early stages, you can get invention support services from sites like Invention Home in Pittsburg. Just don’t get carried away here, and remember that the invention process is risky, with only a small percentage of inventions or products succeeding on the market. There is no magic, so don’t spend all your money assuming that these companies will guarantee your success.
Don’t skip the prototype stage for all the business reasons listed, and because it is a great way to explore possibilities, and have fun using your creative juices. The prototype is where you really bring your product idea to life, for yourself, as well as for everyone else.
Marty Zwilling




Great article. This definitely makes sense more and more for h/w related products or products that have a huge development cost of time and money. I see the prototype phase disappearring for many S/W and Web based products and services. Iterate and release seems to be taking hold in those areas. Comments?
ReplyDeleteGreat Article! If you are interested in learning more about Due Diligence read Due Diligence for the financial professional by L. Burke Files. It is very informative and not just another book of mindless check lists.
ReplyDeletehttp://www.amazon.com/Diligence-Financial-Professional-Burke-Files/dp/1886295085/ref=sr_1_1?s=books&ie=UTF8&qid=1293642299&sr=1-1
@Satish, certainly iterate and release makes more sense when the development cost is low, and the time to release can be measured in days or weeks, rather than months or years. In these environments, you probably call the product a "beta" release until you are happy with it.
ReplyDeleteWhat about products where prototyping is also quite expensive? If so at what cost would you say the cut off of getting customer validation before prototyping?
ReplyDeleteYes, its a great work, i will follow your link to learn more, thanks and happy new year.
ReplyDeleteEssay Papers
In October 2010, Australian entrepreneur Sebastien Eckersley-Maslin embarked on a bold business challenge: become the Smallest Multinational in the World. Follow Sebastien's whirlwind journey around the world as he attempts to prove that with the right entrepreneurial spirit, you don't need to be big to be big. Sebastien International tells the inspiring story of a unique business adventure.
ReplyDeleteWatch his video and be inspired @ http://bit.ly/hWQbtu
I dont know what to say. This blog is fantastic. Thats not really a really huge statement, but its all I could come up with after reading this. You know so much about this subject. So much so that you made me want to learn more about it. Your blog is my stepping stone, my friend. Thanks for the heads up on this subject.
ReplyDeleteBusiness Loan
Martin is absolutely right. In short it's a kind of marketing that how much your product is running in market.
ReplyDeleteEssay Papers
I already got what I needed, without telling lies, I have more than 2 hours of looking for any information like this. In my college work needed to review articles online, I really thank you very much to the writers.
ReplyDelete