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Ward says the seed round was for proof of product.
The following vector-valued maximal inequality, which can be found in [21], plays a fundamental tool in the proof of product estimate.
Which partly corresponds to that lean startup thing where investors plus entrepreneurs like to finance their company for a proof of concept or proof of product phase that usually does not exceed a year or 18 months.
The funds will be used for growth equity, says the company, which signals that they are past the proof of product stage (well past, in this case) and will use the funds to speed market penetration.
Similar(56)
Speaking at an event on the future of food the end of May in San Francisco, Muufri co-founder Ryan Pandya said he was hoping to have a proof-of-concept product ready by the end of this year or early next, but don't expect to see it at a grocery store any time soon.
There are still plenty of people with old boxes and laptops, of course, who could use this app, but whether or not it gets picked up by many users it's still cool as a proof-of-concept product.
Seeing as the previous generation Momentus 5400 FDE drives were announced June 2006 and still don't have PC support, Seagate called that one a "proof-of-concept product" to save face.
A manufacturer that claims scientific proof of its product's effectiveness is probably using the term loosely.
If any more proof of a product bubble were needed, look to Nicole (Snooki) Polizzi, the "Jersey Shore" player known more for public drunkenness than for discernment in audio technology.
Well, it would seem that further proof of the product he was detailing has trickled out, and just like the last time, it's coming straight from the horse's mouth.
(B) Proof of the product theorem.
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