Minimum viable product

MVPsmallest useful orbital rocket
A minimum viable product (MVP) is a product with just enough features to satisfy early customers, and to provide feedback for future product development.wikipedia
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Eric Ries

The term was coined and defined by Frank Robinson about 2001, and popularized by Steve Blank and Eric Ries.
Ries and Harvey did not seek a large amount of initial funding and released a minimum viable product within six months.

Lean startup

leanpivoteffectively develop and validate
Lean startup
When a startup company cannot afford to have its entire investment depend upon the success of a single product or service, the lean startup methodology proposes that by releasing a minimum viable product that is not yet finalized, the company can then make use of customer feedback to help further tailor the product or service to the specific needs of its customers.

Release early, release often

community-releasesearly and oftenrapid release
The MVP differs from the open source software methodology of release early, release often that listens to users, letting them define the features and future of the product.
Minimum viable product

Startup company

startupstartupsstartup companies
Startup company
The founder(s) of a startup will begin market validation by problem interview, solution interview, and then building a minimum viable product (MVP), i.e. a prototype, to develop and validate the business models.

New product development

product developmentdevelopmentdeveloping
A minimum viable product (MVP) is a product with just enough features to satisfy early customers, and to provide feedback for future product development.

Early adopter

early adoptersearly adoptionadoption
Developers typically deploy the product to a subset of possible customers—such as early adopters thought to be more forgiving, more likely to give feedback, and able to grasp a product vision from an early prototype or marketing information.

Product/market fit

product-market fit
The process is iterated until a desirable product/market fit is obtained, or until the product is deemed non-viable.

Rapid application development

RADrapid developmentrapid prototyping
In software development, the release is facilitated by rapid application development tools and languages common to web application development.

Web application

web-basedweb applicationsweb app
In software development, the release is facilitated by rapid application development tools and languages common to web application development.

Steve Blank

customer developmentcustomer development frameworkSteve G. Blank
The term was coined and defined by Frank Robinson about 2001, and popularized by Steve Blank and Eric Ries.

Statistical hypothesis testing

hypothesis testingstatistical teststatistical tests
Additionally, the presentation of non-existing products and features may be refined using web-based statistical hypothesis testing, such as A/B testing.

A/B testing

A/B testssplit testingA/B test
Additionally, the presentation of non-existing products and features may be refined using web-based statistical hypothesis testing, such as A/B testing.

Agile software development

Agileagile developmentagile methodology
In software development, the general method of deploy first, code later is akin to the agile program code testing methodology called test-driven development where unit tests are written first and fail until the code is written.

Test-driven development

test driven developmentTDDTest-driven development (TDD)
In software development, the general method of deploy first, code later is akin to the agile program code testing methodology called test-driven development where unit tests are written first and fail until the code is written.

Unit testing

unit testunit testsunit
In software development, the general method of deploy first, code later is akin to the agile program code testing methodology called test-driven development where unit tests are written first and fail until the code is written.

Business Model Canvas

Business Model Ontology
The Business Model Canvas is used to map in the major components and activities for a company starting out.

Pilot experiment

pilot programpilot projectpilot
Pilot experiment

The Cathedral and the Bazaar

Bazaarcathedralbazaar model
The Cathedral and the Bazaar

The Outliner of Giants

Unlike most other browser-based outliners - which often focus on providing a minimum viable product - The Outliner of Giants has much of the functionality typically associated with a desktop outliner, such as the ability to use of columns to structure information.

History of SpaceX

According to Musk SpaceX started with the smallest useful orbital rocket (Falcon 1 with about half a ton to orbit) instead of building a more complex and riskier launch vehicle, which could have failed and bankrupted the company.

Falcon 1

FalconFalcon 1 by parachutemission
SpaceX started with the idea that the smallest useful orbital rocket was the minimum viable product (Falcon 1 with about 1000 lbs to orbit), instead of building something larger and more complicated, and then running out of money and going bankrupt.

The Lean Startup

Lean StartupThe Lean Startup: How Today's Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses
Building an MVP (Minimum Viable Product) and then testing and iterating quickly results in less waste and a better product market fit.

GripeO

Co-founders Nicholas Campanile and Mark Taylor joined the company to assist with building a minimum viable product, later three other technical co-founders joined to take the product to completion.

Design sprint

Existing MVP needing revised User experience design and/or UI Design.