A minimum viable product (MVP) is the barest or most basic version of a new product used to test the market and gain the attention of potential customers.
The idea at this stage is to collect enough feedback from your target audience to understand your product’s strengths and weaknesses to improve it or double down on what works.
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An Inside Look Into How ClickUp Went From $0-$20M ARR in Two Years
foundationinc.co
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The Minimum Viable Product is the simplest, most basic form of a product or service, which can be sold in the market. This doesn't have all of the bells and whistles but has enough features to work. Basically, it is good enough but not perfect.
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Startups should aim to develop the first product for a small target market via a Minimum Viable Product (MVP). The object of the MVP is to get a product out there for the early adopters (called earlyvangelists here) to play with.
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