Although investors say a “working prototype” is not necessary to raise capital, it definitely helps on a number of levels. Levels such as helping to explain the idea and concepts and demonstrating commitment and that the idea is more than a passing whim. It also helps to reduce the risk factors that investors base their decisions, such as “Can this startup execute?”.
As a startup competing for a finite pool of venture monies, it behooves the team to use all tools available at its disposal to give them an edge. So it makes total sense to build a working prototype. The problem is how do you build one? What is a working prototype? Is it throwaway code? Is it even code at all? What should it do and not do? How much should a startup be willing to invest in a prototype? How long should it take to build and how much effort should be invested?
KENOVA has solved these dilemmas and more, with the Concept Presentation System. The CPS is a custom / bespoke website that is developed in such a way that the startup uses it to present their idea / concept most effectively to potential investors.
KENOVA has developed a process that builds a working website and delivers precisely what the startup needs for the fund raising “road show”. The CPS service has been designed for the startup as an easy low-entry on-ramp to capital raising.
If you’re interested in this service or would just like to find out more, please fill in the form in the contact us page, and say CPS. |
