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Mohammad MilaniCEO at RAMBODBusiness Development Manager at TAKFA
mohammadmilani
StartupOrganization formed to search for a repeatable and scalable business model
• Innovative Idea• Scalable• Fast growth
What is MVP?• The minimum viable product is:• that version of a new product which allows a team to collect the maximum
amount of validated learning about customers with the least effort.
Erich Rise-
I. Define your product & value proposition.• For Example: The idea is to build a site, with working customer
support numbers for various companies. Users can add numbers they find and vote on other numbers whether it worked for them or not.
II. List the Initial Features• Search the database to find a company• Allow users to submit companies to the database• Group companies into categories• Detect duplication of companies (eg: IBM vs International Business Machines)• Separate numbers by city• Get the user’s IP, determine the location and show numbers for the city closest to the user• Upvote on numbers which work• Downvote on numbers which aren’t working• Allow businesses to add verified numbers• Allow users to submit numbers to the database• Have premium users who receive discounts from companies• Premium users can login through facebook, twitter and google accounts• Show users their vote if they have previously voted on a number
III. Find Minimum Feature Set
How many of these features are really central to the core problem being solved?
III. Find Minimum Feature Set• Search the database to find a company• Allow users to submit companies to the
database• Allow users to submit numbers to the
database• Upvote on numbers which work• Downvote on numbers which aren’t working
VI. Innovate again and Make your MPV• to collect the maximum amount
of validated learning about customers with the least effort
• MVP types:• Advertisement• Mockup site• Video• Real Product
VII. Now, start the round…• Measure and gather data• Analyze feedbacks and learn • Rethink and revise your idea• Build again and offer again• and again….