Product
What is MVP (Minimum Viable Product)?
An MVP is the simplest version of a product that can be released to test a business idea with real users. It includes only core features needed to solve the main problem.
Definition
A Minimum Viable Product (MVP) is a development strategy where a new product is built with just enough features to attract early adopters and validate the core business idea. The goal is to learn from real user feedback before investing heavily in full development. MVPs help founders test assumptions, reduce risk, and iterate based on actual market response rather than guesses.
Key Points
- Focus on solving one core problem well
- Launch fast to get real user feedback
- Reduce development costs and risk
- Iterate based on data, not assumptions
- Validate product-market fit before scaling
Examples
- 1.Dropbox started with a demo video before building the product
- 2.Airbnb began as a simple website with photos of the founders' apartment
- 3.Zappos tested demand by posting shoe photos and buying from stores when orders came in
Frequently Asked Questions
Related Terms
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