Startups are popping out like mushrooms in the rain. Due to survivorship bias, we only know successful startups. But what about those that failed and caused vital losses to investors?
The majority of startups collapse because the market doesn’t need them. To understand what customers need from your product, you should develop a minimum viable product. MVP costs less than a full-fledged solution and allows you to study the situation on the market. This approach got companies like Amazon and Dropbox all the way to where they are now.
This post will shed some light on minimum viable product software development. I’ll also give some examples of MVP, so stay tuned.