3 Common pitfalls for tech startup prototyping

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Technology Startups have many challenges, but the most critical challenge is by far the technical challenge. Today we will look at the common pitfalls and mistakes that startups make when they try to develop the prototype.

Over complex ambitious architecture for the first generation solution:

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So many times we see startups invite expert enterprise architects from large business organization. They design advanced, complex software system that adopts best practice for big business. There’s a problem, small businesses often like the technical resources such as the number of in house experts in the team. The enterprise architecture is often too ambitious for a small team of engineers to produce within a reasonable period of time.

Wrong technology stacks:

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Just because a technology has matured and there are numerous projects built around it for big enterprise, does not mean it is great for prototyping products as a startup. One example is Java vs Node.js, Java is an excellent technology with many years of development within industries and open source community. Its opinionated structure, mature ecosystem and strong object oriented practice allows big companies to develop production grade projects with high market value at stake, however it comes with longer development cycle and higher cost for talents. These two are the some of the biggest challenges for startups. On the other hand, node.js is very opinionated which might not be great to develop large scale projects with complex business logic, but it is excellent for prototyping web apps and small scale projects that needs to launch within a short period of time.

Miscommunication:

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More often we see in founders of startups consist of business thought leader and technical experts. Though the business geniuses are great at discovering market needs and developing products from a strategic point of view. They often fail short on explaining the business logic clearly to the technical lead, which leads to the development of products that don’t satisfy business requirements, which ultimately delays time to market and costing startup millions of dollars potentially. To help mitigate this risk, several methods might be taken into consideration:

If you are still unsure about whether you are using the best approach to develop your first generation product, book a free consulting session with us! Send an email to info@fintelics.com, or call 416 726 4263

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Software consulting company that focuses on emerging technology such as AI, Blockchain, Cloud Computing, and Data Engineering, MERN Stack, and Fintech

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