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Episode 26 Everything you Need to Know about Building your First MVP
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You are ready to develop your Minimum Viable Product (MVP). You’ve done your research and you feel you have everything you need to move to the development phase. Have you truly considered who you are developing for? Have you tapped into the earliest users and their needs? What are the essential functions and features? Have you developed a test plan?
Michael Siebel of YCombinator professes that your MVP shouldn’t be that special. It has extremely limited functionality based on what your initial users need from the highest order of problems.
Did you know that AirBNB’s MVP was not that special? The first version had users exchanging payments with the host in real life. They also did not have a map feature to denote location.
The YC ethos for any prelaunch startup is to launch quickly. And if you can, launch something “bad” quickly. This will save you much grief down the road.
We hosted Stephen McCabe, Co-Founder of Northern Devs, a software development company with a goal to make building tech approachable, equitable, and efficient. They help many startup founders launch their MVPs. Stephen helped us dive deeper into defining processes and best practices that startups can use at the early stages of their product development.
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