Creating a Proof of Concept (POC) for Investors

Objective: The objective of this SOP is to guide the team in creating a Proof of Concept (POC) to showcase to investors. The POC should provide a clear understanding of the product or solution that will be built, and demonstrate its potential value.

Key Steps:

Define the POC: Determine what you are going to build and showcase to the investors. This should be a representation of the product or solution you plan to develop.

Choose a Presentation Method: Decide how you will present the POC to the investors. Options include:

• Wireframes: Create visual representations of the product using wireframing tools.
• Functional Application: Develop a small application with basic functionality to demonstrate the concept.
• Animation or Video: Hire a graphic designer or use animation tools to create a video that provides clarity on the product.

Presenting the POC: Show the POC to the investors, emphasizing that it is not a scam or fake demo, but a representation of what will be built. Highlight the potential value and benefits of the product or solution.

Cautionary Notes:

• Avoid misrepresenting the POC as the actual product. Clearly communicate that it is a demonstration of what will be developed.
• Be prepared to answer questions and address concerns from investors regarding the POC.
• Ensure that the POC accurately reflects the vision and goals of the product or solution.

Tips for Efficiency:

• Collaborate with the team to brainstorm and define the POC before starting the development process.
• Use tools and resources that facilitate the creation of wireframes, functional applications, or animations/videos.
• Clearly communicate the purpose and value of the POC to the investors to generate interest and support.

By following this SOP, the team will be able to effectively create a POC that accurately represents the product or solution to investors, increasing the chances of securing funding and support.

Last tip: Never get stuck in the loop of perfecting the things or you will only endup wasting time and money.