Minimum Viable Product: Definition

 

Definition

A minimum viable product is the smallest solution you can build that delivers monetizable value to your customers. 

Conditions of a good MVP

  • It must address all the key benefits you identified in your value proposition
  • It must provide value to the customer
  • lt must capture monetizable value back (in terms of money, time or information)
  • It must be functional, reliable, usable and delightful
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