The more information you know about what your users actually want, the sooner you can focus on those features, cut unnecessary ones, and save yourself iteration time and expenses along the way. You can continue to fundraise at each point, using these supporting documents to show investors the product’s progress.
Many startups fail because they skip over a proof of concept, convinced their idea is a unicorn, and rush to go straight to market. Taking some thoughtful time on a PoC is a great first step to getting you on the way to a rewarding market launch.
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