If a product is being launched in the market that is new and does not have competition, then launching it with bare minimum features is the right way.
MVP (Minimum Viable Product) strategy does not work for a generic product.
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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.
Putting out an MVP forces developers to fo...
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.
Releasing an MVP allows one to get feedback at...
If you already have a big, successful product in the market and want to launch a new, not-so-perfect product, it may not be a great idea.
Launching a bare-bones product is more suitable for early-stage companies.
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