I have over the last few months reviewed numerous start-ups, most of who, I am pleased to say have taken the initiative and actually create prototypes of their applications and in some cases opened them up to a select group of alpha testers – this is definitely the way forward as it shows potential investors your real commitment to an idea plus its an excellent way to get solid feedback early on.
I have however seen a few ideas die horribly due to early users spotting fundamental business flaws or simply not being interested in an offering. Whilst this can be seriously disheartening for the entrepreneur, the smart ones take-away the learning’s and re-build their platform if possible – in some cases you have to bite the bullet and accept the fact this idea is just not meant to be.
Comments on this theme welcomed…
Tags: alpha, beta, demo, prototype
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