Prototyping for Startups
Schedule
Wed Nov 13 2024 at 12:00 pm to 01:30 pm
UTC-05:00Location
Greater Winston-Salem, Inc. | Winston-Salem, NC
About this Event
Welcome to Prototyping for Startups - Lunch & Learn
Join us for a hands-on workshop where you'll learn how to bring your startup ideas to life through prototyping. This event is perfect for aspiring entrepreneurs looking to turn their concepts into reality. You'll get expert guidance on creating prototypes that will impress investors and customers alike.
Presented by Greater Winston-Salem Inc. and powered by Vision to Venture, this workshop is facilitated by Quentin Barrial as part of Global Entrepreneurship Week! 🌍
Whether you're a founder or product manager, this Axis Workshop is a game-changer for early-stage founders seeking clarity and efficiency in their product development.
By the end of this 90-min workshop, you’ll leave with a clear roadmap, a framework you can apply repeatedly, and the confidence to develop products that resonate with your customers.
Your ticket includes a light lunch.
Takeaways
1️⃣ Team Alignment – Bring your team together with a clear strategy and thinking model to tackle overwhelming ideas and long lifecycles.
2️⃣ Product Prioritization – Discover product features your customers truly want and craft a product they’ll love.
3️⃣ Roadmap: Develop a product creation strategy, streamline your process and next steps, and bring your product to life.
4️⃣ Communication Milestones – Learn when and how to communicate product progress to external stakeholders.
5️⃣ Hands-on exercises – Practice the Axis framework and apply it to your product.
Why prototyping is beneficial
1️⃣ Tangible Proof of Concept - Investors tend to favor concrete, tangible evidence of how a product or service will work.
2️⃣ Better Communication of the Product's Value - Having a physical prototype helps communicate complex ideas clearly.
3️⃣ Increases Confidence and Trust - Investors and pitch judges often look for signs that founders are serious and capable of execution.
4️⃣ Impact on Early-Stage Investment - A study by Stanford University on startup fundraising found that startups with prototypes are more likely to secure seed funding than those without.
5️⃣ Increases Odds of Winning Pitch Competitions - Many pitch competitions reward companies that have moved past the concept stage and can demonstrate actual progress toward product development.
6️⃣ Influence on Valuation - PitchBook data indicates that startups with working prototypes tend to achieve higher valuations at early funding rounds compared to those without.
Don't miss this opportunity to network with like-minded individuals and gain valuable insights.
See you at Greater Winston-Salem, Inc.!
Where is it happening?
Greater Winston-Salem, Inc., 525 Vine Street, Winston-Salem, United StatesEvent Location & Nearby Stays:
USD 0.00