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What is an MVP?
A Minimum Viable Product (MVP) is a version of a product that has just enough features to be usable by early customers, who can then provide feedback for future development.
It is a strategy to test a product hypothesis with minimal effort and resources. The MVP is intended to test key assumptions about the product, and gather feedback from early adopters.
By releasing an MVP, it allows the startup to validate their assumptions and ideas with real users, and make informed decisions about the future development of the product, before investing a lot of time, effort, and money in building a full product.
It allows the team to test the product with a smaller number of users, gather feedback, and make improvements before releasing the full version. This approach helps to minimize the risk of building something that no one wants, and it also helps to gather feedback in order to improve the final version of the product.
MVP can be in different forms, it can be a prototype, a landing page, a basic version of the app, a video explaining the solution and how it solves the problem, a survey to gather feedback, etc.
As you can see, my dear reader, an MVP is a way to test the product hypothesis with minimal effort and resources and to validate the assumptions of the product with real users before investing a lot of time, money, and effort in the final version of the product.
Stay tuned!
