How to De-risk Hardware Development

There’s a stark difference between software and hardware development and why people say dealing with hardware is hard. Not only is it more costly to achieve product market fit, but the hardware development process can take 4x longer than that of software development.

With software development, you can start coding immediately on your laptop after downloading the necessary applications. In contrast, the hardware development process requires coding the system, determining which components to purchase, connecting these components, and ensuring that the code runs correctly on these devices. On top of that, even if you were to determine which components to use, ordering parts can take weeks to months.

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Finding Product Market Fit In The Virtutyping (Virtual Prototyping) Space

If you’re looking to start your own company, it’s important to spend your time wisely – because time is money when it comes to running a business.

If Time Is Money, Are You Spending Yours Wisely? | Inc.com
Time is money when running a startup

For starters, if you’re focused on building or leading the direction of your product, you can conduct a copious amount of market research to understand the lay of the land. However, without speaking to users, you will likely fall into the trap that many startups face: developing a product that doesn’t fulfill an actual need.

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