Minimally Viable Prototype (MVP)
Market Validation Leads to Seed Investment By Strategic Investor
Our customer had a great application for new piezo fan technology; however, without a prototype and the subsequent market validation, it was impossible to raise money—a real chicken or egg situation.
- Work with customer to refine product’s requirements to only those required for the MVP and the market validation experiment—and thus cutting a lot of development cost
- Using a combination of off-the-shelf components and FinishLinePDS reference design, create a plan that will meet the budget and the requirements for the production of MVP
- Design and build the MVP
Power driver MVP for a piezo fan that would work over a very broad range of frequency and input voltage.
- FinishLinePDS was able to show the customer that an “impossible chicken or egg” problem could be solved by breaking the project into an MVP phase and pre-production prototype phase.
- Our customer successfully used the MVP for market validation and for raising a $5M seed round from a strategic investor.
The Challenge
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Our customer had a great application for new piezo fan technology; however, without a prototype and the subsequent market validation, it was impossible to raise money—a real chicken or egg situation.
The Process
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- Work with customer to refine product’s requirements to only those required for the MVP and the market validation experiment—and thus cutting a lot of development cost
- Using a combination of off-the-shelf components and FinishLinePDS reference design, create a plan that will meet the budget and the requirements for the production of MVP
- Design and build the MVP
The Solution
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Power driver MVP for a piezo fan that would work over a very broad range of frequency and input voltage.
The Results
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- FinishLinePDS was able to show the customer that an “impossible chicken or egg” problem could be solved by breaking the project into an MVP phase and pre-production prototype phase.
- Our customer successfully used the MVP for market validation and for raising a $5M seed round from a strategic investor.
