This article is about the product development strategy. For the pilot episode of Silicon Valley, see Minimum Viable Product.
A minimum viable product (MVP) is a version of a product with just enough features to be usable by early customers who can then provide feedback for future product development.[1][2]
A focus on releasing an MVP means that developers potentially avoid lengthy and (possibly) unnecessary work. Instead, they iterate on working versions and respond to feedback, challenging and validating assumptions about a product's requirements.[3] The term was coined and defined in 2001 by Frank Robinson[4] and then popularized by Steve Blank and Eric Ries.[5][6][7][8] It may also involve carrying out market analysis beforehand. The MVP is analogous to experimentation in the scientific method applied in the context of validating business hypotheses. It is utilized so that prospective entrepreneurs would know whether a given business idea would actually be viable and profitable by testing the assumptions behind a product or business idea.[9] The concept can be used to validate a market need for a product[9] and for incremental developments of an existing product.[10] As it tests a potential business model to customers to see how the market would react, it is especially useful for new/startup companies who are more concerned with finding out where potential business opportunities exist rather than executing a prefabricated, isolated business model.
^"What is a Minimum Viable Product (MVP)? – Definition from Techopedia".
^Ries, Eric (August 3, 2009). "Minimum Viable Product: a guide".
^"MVP: A maximally misunderstood idea". Slalom. Retrieved 2019-12-04.
^"SyncDev methodology". SyncDev. Archived from the original on May 25, 2016. Retrieved May 16, 2016.
^W. S. Junk, "The Dynamic Balance Between Cost, Schedule, Features, and Quality in Software Development Projects", Computer Science Dept., University of Idaho, SEPM-001, April 2000.
^Eric Ries, March 23, 2009, Venture Hacks interview: "What is the minimum viable product?", Lessons Learned
^"Steve Blank Perfection By Subtraction – The Minimum Feature Set". Steve Blank. March 4, 2010.
^Holiday, Ryan The single worst marketing decision you can make The Next Web. 1 April 2015
^ ab"A Minimum Viable Product Is Not a Product, It's a Process: Building Product, Experimentation, MVP". YC Startup Library. Retrieved 2020-10-17.
^"The Scientific Method for Startups: Building Product, Experimentation, KPI". YC Startup Library. Retrieved 2020-10-17.
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