Listen Now.

Welcome to the seventh module of FTF Circle! In today’s 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.

πŸš€ Lesson Plan: Engineering Feasibility & Scaling for First-Time Founders

Module 6: Validating Prototypes & Scaling Innovation

Tagline: Designing for Scalabilityβ€”Balancing Innovation, Cost, and Market Readiness

πŸš€ 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.

πŸ’‘ Key Learning Outcomes

βœ… Understand the distinction between functionality and usability testing.
βœ… Learn to integrate customer feedback into iterative product refinement.
βœ… Recognize the importance of recalibrating assumptions during validation.
βœ… Gain strategies to measure success and identify when to pivot or scale.

πŸŽ™ Special Guests

πŸ‘€ Jason Fox – COO at Inquis Medical, 24 years of experience in medical device engineering & commercialization.
πŸ‘€ Paul Nauleau – Senior R&D Engineer at Inquis Medical, Adjunct Lecturer at Santa Clara University.

πŸ“Œ Key Discussion Topics

β€œWe're designing something so new, so innovative that we are anticipating where the industry will be 5, 10, 15 years down the road.”

1️⃣ 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.

2️⃣ 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.

3️⃣ 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.

4️⃣ 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.

πŸ† Lesson 1: Early-Stage Scalability & Engineering Feasibility

πŸ” Key Takeaways:
βœ… Define scalability by assessing labor skill level, material costs, and capital investment.
βœ… Identify the real constraints of your productβ€”materials, labor, regulations.
βœ… Understand that profit margins and pricing strategy affect design decisions.

πŸ“Œ Action Step: Outline the three biggest scalability challenges for your startup’s prototype.

β€œTo the effect of designing something that people want, and then making sure that we're building what we've designed.”

πŸ† Lesson 2: BOM, COGS, & Cost Planning

πŸ” Key Takeaways:
βœ… Build a bill of materials (BOM) early, even for prototypes.
βœ… Understand the difference between COGS and BOM, and track costs accordingly.
βœ… Implement design-for-manufacturing (DFM) strategies early to control production costs.

πŸ“Œ Action Step: Research and list three cost-saving strategies you can apply to your prototype.

πŸ† Lesson 3: Iterating on User Feedback & Avoiding Over-Engineering

πŸ” Key Takeaways:
βœ… Don't design in isolationβ€”continuous user feedback prevents costly mistakes.
βœ… Avoid over-engineeringβ€”not every feature needs to be cutting-edge.
βœ… Plan for real-world user adoptionβ€”simple, intuitive design wins.

πŸ“Œ Action Step: Interview five potential users or customers and document their feedback.

πŸ›  Actionable Takeaways & Frameworks

βœ… Scalability Readiness Checklist
πŸ“Œ Have you assessed labor, materials, and capital needs for mass production?
πŸ“Œ Have you mapped out a BOM with estimated costs for every component?
πŸ“Œ Have you tested your product with real users to refine usability and adoption?
πŸ“Œ Have you identified cost-saving alternatives for expensive components?

βœ… Investor & Fundraising Considerations
πŸ“Œ Does your prototype clearly demonstrate the core value proposition?
πŸ“Œ Have you conducted customer interviews or market research to validate demand?
πŸ“Œ Have you structured your pitch deck to highlight scalability?

βœ… Product Optimization Frameworks
πŸ“Œ Have you documented all iterations of your prototype with changes?
πŸ“Œ Have you mapped out design-for-manufacturing (DFM) strategies?
πŸ“Œ Have you consulted industry experts or suppliers for cost-efficient solutions?

β€œSimple 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.”

🎯 Founder Challenges: Apply What You’ve Learned!

πŸ“Œ 1. Create a BOM & Cost Estimate: Build a rough bill of materials and estimate initial costs.
πŸ“Œ 2. Get Customer Feedback: Conduct 5+ user interviews and document pain points.
πŸ“Œ 3. Identify Cost-Saving Strategies: Research alternatives for expensive materials.
πŸ“Œ 4. Validate Your Prototype’s Scalability: Assess whether it can be mass-produced cost-effectively.


πŸš€ Next Steps & Resource Map

πŸ”Ή Follow & Connect with Our Guests:
πŸ‘‰Jason Fox
πŸ‘‰ Paul Nauleau

RESOURCE MAP