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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"

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.