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Why should I care about the Minimum Viable Product (MVP)

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Why should I care about the Minimum Viable Product (MVP)

  1. 1. Why should I care about the Minimum Viable Product (MVP)
  2. 2. Minimum Viable Crappy Products nobody wants to use Products built by companies better financed than you Minimum & Viable A good product for startups
  3. 3. Product MVP Product A. feature B. feature C. feature D. feature E. feature 500k 50k 5k x. features 1m 6m 18m
  4. 4. features/time/cost Viability MVP *Pareto principle 80% of your customer use only 20% of your features 80-20*
  5. 5. Idea Build Code Measure Data Learn
  6. 6. features/time/cost Viable #1 #3#2 #4 #5 #6 #7 #8
  7. 7. So is MVP about building a Product ?
  8. 8. Idea Build Code Measure Data Learn
  9. 9. MVP of The Wristbands
  10. 10. So is MVP about building a Product ?
  11. 11. MVP is not MP
  12. 12. It is about creating an experiment
  13. 13. Find what you want to measure & then think what could be the MVP
  14. 14. #1 Be able to test a product hypothesis with minimal resources
  15. 15. #2 Accelerate learning
  16. 16. 3# Reduce wasted engineering hours
  17. 17. 4# Get the product to early adopters as soon as possible
  18. 18. The Minimum Viable Product is a strategy used for fast and quantitative market testing of a product or product feature *Wikipedia
  19. 19. #examples
  20. 20. zoottle.com
  21. 21. twttr
  22. 22. Kickstarter
  23. 23. Thank You Nektarios Sylligardakis Co-Founder & Head of Product

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