Proof of concept (PoC) is a basic demonstration that showcases an idea in order to illustrate its scalability and profit potential. There is a misconception that if the design, idea or development needed for the final product will work, that is, then there is no need for a proof of concept. This is the first wrong assumption startup founders often make. The next is not truly understanding what their PoC goes to prove, and how their proof of concept can be the gateway to their first round of funding. When is a PoC valuable for a Startup? The PoC stage… [Continue Reading]
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