The Phases of Building a Real Estate Tech Startup
I’ve spent the last 2 years working on an early stage technology startup outside of the real estate industry, Oh Hey World, as well as working on several consulting projects within the industry (including Props) — and certainly have learned a few things about the various phases tech startups go through in the process.
As the entrepreneurs reading know or will know soon (for those working on their first startup as I type), there are multiple phases to creating, building, and bringing a new product to market…
- Problem Identification (which I’ve already written on)
- Industry Expertise & Idea Formation
- Customer Exploration
- Concept Validation – low fidelity wireframe to pass the “I get it” test (you can use Proto.io)
- Design mock ups
- Interaction design (beyond crucial for mobile apps)
- Fundraising (depends on the makeup of your team as to where in the process this comes into play)
- Development
- Beta Test
- Ship it!
Which phases are you getting stuck in? Any specific questions you want answers to?
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Ulises Arcidiacono
Posted at 07:21h, 29 AprilGood tips Drew…. just something that I think that is very important to incorporate early on this process: the feedback from customers & beta testers.
Drew Meyers
Posted at 07:23h, 29 AprilYea, agreed. I’d lump that step into these two:
Customer Exploration
Concept Validation – low fidelity wireframe to pass the “I get it” test
Drew Meyers
Posted at 07:24h, 29 Aprilbut actually you are right. there is a step 9A, of incorporating feedback back into the product..