Post on 17-Jul-2015
Why should I care about the Minimum Viable Product
(MVP)
Minimum Viable
Crappy Products nobody wants to use
Products built by companies better financed than you
Minimum & Viable A good product for
startups
Product
MVP
Product
A. feature
B. feature
C. feature
D. feature
E. feature
500k
50k
5k
x. features
1m
6m
18m
features/time/cost
Viability
MVP
*Pareto principle 80% of your customer use only 20% of your features
80-20*
Idea
Build
Code
Measure
Data
Learn
features/time/cost
Viable
#1 #3#2 #4 #5 #6 #7 #8
So is MVP about building a Product ?
Idea
Build
Code
Measure
Data
Learn
MVP of The Wristbands
So is MVP about building a Product ?
MVP is not MP
It is about creating an experiment
Find what you want to measure & then think what could be the MVP
#1 Be able to test a product hypothesis
with minimal resources
#2 Accelerate learning
3# Reduce wasted
engineering hours
4# Get the product to early
adopters as soon as possible
The Minimum Viable Product is a strategy used for fast and
quantitative market testing of a product or product feature
*Wikipedia
#examples
twttr
Kickstarter
Thank YouNektarios Sylligardakis
Co-Founder & Head of Product