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November 28, 2013 07:00 pm GMT
We can differentiate several steps in the life of a hardware startup: concept, minimum functional prototype (MFP), complete functional prototype (CFP), design for manufacture (DFM), first factory run (FFR) and retail. Capital needs vary according to the stage you're in and might come from different sources. In hardware, venture capital is essentially about growth. 
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/W4jb1qeUdh8/
The Lean Hardware Startup: Financing
We can differentiate several steps in the life of a hardware startup: concept, minimum functional prototype (MFP), complete functional prototype (CFP), design for manufacture (DFM), first factory run (FFR) and retail. Capital needs vary according to the stage you're in and might come from different sources. In hardware, venture capital is essentially about growth. Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/W4jb1qeUdh8/
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