Listen Now.
Welcome to the seventh module of FTF Circle! In todayโs session, we dive deep into functionality with insights from Jason Fox & Paul Nauleau. This module will provide you with actionable strategies to better understand how to stay focused on delivering a product that does exactly what it is designed to do.
๐ Lesson Plan: Engineering Feasibility & Scaling for First-Time Founders
Module 6: Validating Prototypes & Scaling Innovation
Tagline: Designing for ScalabilityโBalancing Innovation, Cost, and Market Readiness
๐ Module Overview
This module explores how early-stage founders can assess the feasibility of their prototypes, optimize cost structures, and ensure their designs are scalable. The discussion covers key considerations such as engineering feasibility, cost of goods (COGS), bill of materials (BOM), scalability constraints, and user adoption challenges. By the end, founders will have a clear framework for making technical decisions that align with business realities and market expectations.
๐ก Key Learning Outcomes
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Understand the distinction between functionality and usability testing.
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Learn to integrate customer feedback into iterative product refinement.
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Recognize the importance of recalibrating assumptions during validation.
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Gain strategies to measure success and identify when to pivot or scale.
๐ Special Guests
๐ค Jason Fox โ COO at Inquis Medical, 24 years of experience in medical device engineering & commercialization.
๐ค Paul Nauleau โ Senior R&D Engineer at Inquis Medical, Adjunct Lecturer at Santa Clara University.
๐ Key Discussion Topics
โWe're designing something so new, so innovative that we are anticipating where the industry will be 5, 10, 15 years down the road.โ
1๏ธโฃ Assessing Scalability & Feasibility
How to determine if a prototype is scalable for mass production.
The three key factors: labor, materials, and capital investment.
How founders can estimate product price points early on.
2๏ธโฃ Cost of Goods (COGS) & Bill of Materials (BOM)
Why a BOM should be built from the earliest prototype phase.
Difference between COGS vs. BOM and how they impact pricing.
The role of design for manufacturing (DFM) in cost reduction.
3๏ธโฃ Validating Product-Market Fit & User Constraints
The dangers of "designing in a box" without user feedback.
Why iterative prototyping with customer input prevents costly mistakes.
Balancing technical innovation with user adoption challenges.
4๏ธโฃ Investor Pitch & Prototyping for Fundraising
How investors assess scalability and market opportunity.
The importance of polished prototypes when raising funds.
Why traction and user validation matter more than raw technology.
๐ Lesson 1: Early-Stage Scalability & Engineering Feasibility
๐ Key Takeaways:
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Define scalability by assessing labor skill level, material costs, and capital investment.
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Identify the real constraints of your productโmaterials, labor, regulations.
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Understand that profit margins and pricing strategy affect design decisions.
๐ Action Step: Outline the three biggest scalability challenges for your startupโs prototype.
โTo the effect of designing something that people want, and then making sure that we're building what we've designed.โ
๐ Lesson 2: BOM, COGS, & Cost Planning
๐ Key Takeaways:
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Build a bill of materials (BOM) early, even for prototypes.
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Understand the difference between COGS and BOM, and track costs accordingly.
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Implement design-for-manufacturing (DFM) strategies early to control production costs.
๐ Action Step: Research and list three cost-saving strategies you can apply to your prototype.
๐ Lesson 3: Iterating on User Feedback & Avoiding Over-Engineering
๐ Key Takeaways:
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Don't design in isolationโcontinuous user feedback prevents costly mistakes.
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Avoid over-engineeringโnot every feature needs to be cutting-edge.
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Plan for real-world user adoptionโsimple, intuitive design wins.
๐ Action Step: Interview five potential users or customers and document their feedback.
๐ Actionable Takeaways & Frameworks
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Scalability Readiness Checklist
๐ Have you assessed labor, materials, and capital needs for mass production?
๐ Have you mapped out a BOM with estimated costs for every component?
๐ Have you tested your product with real users to refine usability and adoption?
๐ Have you identified cost-saving alternatives for expensive components?
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Investor & Fundraising Considerations
๐ Does your prototype clearly demonstrate the core value proposition?
๐ Have you conducted customer interviews or market research to validate demand?
๐ Have you structured your pitch deck to highlight scalability?
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Product Optimization Frameworks
๐ Have you documented all iterations of your prototype with changes?
๐ Have you mapped out design-for-manufacturing (DFM) strategies?
๐ Have you consulted industry experts or suppliers for cost-efficient solutions?
โSimple documentation and BOMs for every prototype you make is really important because in essence, even though we think we're going to remember you're going to forget what worked and what didn't.โ
๐ฏ Founder Challenges: Apply What Youโve Learned!
๐ 1. Create a BOM & Cost Estimate: Build a rough bill of materials and estimate initial costs.
๐ 2. Get Customer Feedback: Conduct 5+ user interviews and document pain points.
๐ 3. Identify Cost-Saving Strategies: Research alternatives for expensive materials.
๐ 4. Validate Your Prototypeโs Scalability: Assess whether it can be mass-produced cost-effectively.
๐ Next Steps & Resource Map
๐น Follow & Connect with Our Guests:
๐Jason Fox
๐ Paul Nauleau