You Don’t Need A Prototype To Raise A Seed Round

Re:You Don’t Need A Prototype To Raise A Seed Round by ChuckMcM on Sunday September 30, 2012 @08:20PM (#4594751)

Seems like another in the line of "for some definition of startup (which we don't elucidate) this factoid (which depends on our definition) is true."

Comments like this : "But today, it is the very rare Internet software deal that has meaningful technology risk — other than scalability,"

Seem to sweep the whole patent/copyright risk under the table for example.

I get the whole 'invest in the team not the idea' mantra, but that depends on the team having a track record.

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Re:You Don’t Need A Prototype To Raise A Seed Round by nedwin on Sunday September 30, 2012 @08:34PM (#4594777)

Third paragraph:

"Assume... ...your team has product, development, and design chops."

I am going to assume that this means your team has a track record, one definition of "chops"

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Re:You Don’t Need A Prototype To Raise A Seed Round by ChuckMcM on Sunday September 30, 2012 @10:05PM (#4594981)

Yes, but if there is a way to determine 'chops' without an exemplar or two that would be useful to know.

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