What is the concept of a Minimum Viable Product (MVP)?

A Minimum Viable Product (MVP) is a product with just enough features to satisfy early customers, and to provide feedback for future product development. It's a concept in product development where a new product is developed with sufficient features to satisfy early adopters. The final, complete set of features is only designed and developed after considering feedback from the product's initial users.

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This is useful for products who have two or more different customer types, such as a marketplace app like Airbnb where there are hosts and travelers who both need to be serviced. The layout takes into account the evolution of a product, from initial inception, to earliest testable product and its multiple iterations, to the MVP, and finally, to a more refined product loved by the crowd.

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Minimum Viable Product (Part 2)

How can you tell if a product idea will work out? This Minimum Viable Product presentation guides the initial triage of tasks to the development and e...

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