You have a great idea about a hardware device that can solve a problem that many people have, but you don’t have the budget or the expertise required to build the product – so where do you start?
This is a common problem that a lot of hardware startup founders have: lack of resources to test out their hypothesis. Whether it is not having enough time, money, or talent – entrepreneurs often have to be creative and learn to be scrappy with the limited resources they have to build their product.
The key to achieve product market fit as a startup is to run many lean experiments, apply the learnings, and rapidly iterate the product development cycle. However, it is harder to be lean when you are building a physical hardware product. Building hardware is a more complex process than software development, and you can’t just release a new software update to fix a hardware problem. Therefore, knowing how to build a good hardware MVP (minimum viable product) is essential to a hardware startup’s success.
We spoke with Akarsh Vinod, founder of Dio, to learn about how he developed his hardware MVP. Dio makes simple and affordable multi-room speakers that aim to make listening to audio easy and convenient.
Continue reading “How to Develop a Hardware MVP”
