MVP stands for “minimum viable product.” It is a product that has just enough features to be used by early adopters and is typically used to validate a business concept or new technology. The MVP is an essential part of the Lean Startup method and the Build-Measure-Learn feedback loop developed by Eric Ries. The MVP is usually a stripped-down version of the final product, containing only essential features. The goal is to quickly receive feedback from users so that the product can be improved before hitting the market. MVPs are often created using agile development methods, where rapid iterations and constant user feedback are prioritized. This allows companies to respond quickly to user feedback and ensure that the end product is as successful as possible.
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