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Podcast: Investor Connect Podcast
Episode: Startup Funding Espresso – Using Prototypes To Raise Funding
Description: Using Prototypes To Raise Funding Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. In raising funding, a prototype is invaluable. Here are some reasons why investors fund projects that have a prototype: The prototype demonstrates you can build it. It gives you a tool to engage customers.  Prototypes help you define the product better by observing how the customer interacts with it. Prototypes help validate the market and customer acceptance of the product. Prototypes help build a better financial forecast as the cost to build and maintain the pr...