Startup Dictionary – Minimum Viable Product
This post originally appeared on blog.up.co
Launching the MVP is basically testing your hypothesis fast and cheap. The minimum viable product has just enough features to satisfy the early customers. You’ll get customer feedback fast and you’ll find out if the product is market fit. The feedback of the MVP tells you if the problem you’re solving is big enough and the solution you’re offering is good enough. And when we say viable, we mean saleable.