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STOP Wasting Money! MVP Is Just a Prototype
Season 3
Episode 614
Published 3 years, 8 months ago
Description
The goal of MVP, as defined by Eric Ries, is to validate critical assumptions about the product idea and get maximum validated learning with minimal effort. The value of MVP is to learn as quickly as possible, minimize risk and increase your chances of success by experimenting.
Creating value for customers is not the goal. This is because creating products, e.g., writing software, is one of the most expensive ways to verify a business model. If the assumptions turned out wrong, the work performed over many iterations could be wasteful.
Join V. Lee Henson as we review this article by Pawel Huryn that was published in June 2022.
https://huryn.medium.com/mvp-is-not-what-you-think-7b22eacb7d3a