What is a minimum viable product?
• …that version of a new product which allows a team to collect the maximum amount of
validated learning about customers with the least effort.
There are valid reasons not to build an MVP, which runs counter to lean startup principles.
1. You are building a sustaining innovation product.
Why?
• Your customers are smart. They understand the problem and solution and so are believable. The features they ask for likely represent their true needs.
• Competition is everywhere. You can see what’s working and what isn’t.
http://pandodaily.com/2013/02/04/three-reasons-not-to-build-a-minimum-viable-product/
2. You don’t care if you’re wasteful.
3. You achieve product-market fit.
Points uncovered in discussion
• Waterfall development is always fraught with risk, no matter your resources. Lean product development helps you learn from the very start
• MVP: The donut has to at least be edible• Corporations may have less to gain from a public
beta. If they are developing a new product for their existing market, they can – Share early iterations privately with their customers– Get valuable feedback from real people– Clearly set expectations and avoid damaging brand
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