Ask HN: Do you always need a prototype to convince the investors?
I have a good idea for a software project and would be willing to invest my time and effort to implement the solution.
Can I convince the investors by presenting the idea and my skills without a working prototype?
1 comment
[ 5.8 ms ] story [ 17.4 ms ] threadA helpful way of looking at it might be that investors don't care much about the idea and the first order skill they care about is the ability to build a business that can grow big. That means that the most convincing thing is likely to be a quickly growing business. Then comes a product that people are using. Then a process in execution to get to a product that people are using. A working prototype can be part of that process or not (or rather the definition of 'working' is not a technical one but a commercial one in that people are using it and providing feedback.
An article I like: http://www.themacro.com/articles/2016/01/minimum-viable-prod...