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Experience with vaporware?

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I know it gets a bad name (and that it's also overused) but I was wondering if anyone has experience with selling vaporware, or rather a product that does not yet exist or is under development without a working prototype?

My goal is not to have money change hands before there's at least a minimum viable product, rather a way where I can prospect for clients and work on polishing a presentation and, if they are interested, the can assist with co-creation.

Anyone have experience with this? I know there are drawbacks, however, if you were able to do it successfully, what worked for you? Would you do it again?
 
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Stop Peeking Through the Keyhole.
Open the Door.

You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.

  • Active Daily: Life-changing content posted dozens of times every day. No dead threads.
  • MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
  • Vetted Network: Connect with founders scaling to 7 and 8 figures.
  • Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."
— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."
— User Richard Peck

"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?

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