Re:You Don’t Need A Prototype To Raise A Seed Round
by diego on Sunday September 30, 2012 @07:15PM
(#4594574)
"More precisely, what risk is going to be removed from the deal?"
You've got to be joking. One of the highest risks in every startup is the team falling apart. A team that was able to build a prototype is likely to be more consolidated than a group of people with an idea. You are weeding out the teams that disbanded while trying to build something simple, and I've seen plenty of those.
I don't have the hard statistical data to prove it, but I would bet on that hypothesis.
You've got to be joking. One of the highest risks in every startup is the team falling apart. A team that was able to build a prototype is likely to be more consolidated than a group of people with an idea. You are weeding out the teams that disbanded while trying to build something simple, and I've seen plenty of those.
I don't have the hard statistical data to prove it, but I would bet on that hypothesis.