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Minimum Viable Product
Acronym : MVP
An MVP is the simplest version of a product that lets a team test a hypothesis with real users at minimal cost, before deciding whether to invest further.
Why it matters
It avoids spending months building a full feature based on assumptions that were never validated with real users.
Concrete example
Before building a full module, a team tests a manually operated MVP with ten customers to validate demand.
Related notions
Hypothesis validationLean startupProduct iteration
Related terms
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