What is an MVP?
A Minimum Viable Product is the very first version of a company’s product, focusing only on the core features. It’s one of the main elements of lean methodology.
Why would someone have an MVP?
- It makes it easy to test risky ideas
- You can avoid spending too many resources on further development if the idea fails
- Beta users and early adopters can start using the product
- In priced rounds, it can be introduced as a tangible product version to investors
