Minimum Viable Product
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Eric Ries and I recently sat down to talk about minimum viable products: the product with just the necessary features to get money and feedback from early adopters. The minimum viable product (MVP) is often an ad on Google.
Turning Failure into Learning
The purpose of the MVP is to answer your most pressing question or validate your most pressing business assumption.
Just over two years ago, at the beginning of 2008, we set out to build a web content management system with community functionality infused throughout — eCrowds. The idea was that companies would need a solution for facilitating product communities with the following functionality: Content management Forums Blogs Idea exchanges Wikis
One of the most important lean startup techniques is called the minimum viable product . Its power is matched only by the amount of confusion that it causes, because it's actually quite hard to do. It certainly took me many years to make sense of it.
#1: Be Narrow Focus on the smallest possible problem you could solve that would potentially be useful.
Lately, you can’t swing a dead cat at a gathering of Internet entrepreneurs without hitting someone in mid-sentence talking about their “minimum viable product.”
Some people can sell their ideas with a brilliant speech or a slick powerpoint presentation. I can't.