What Is an MVP and What Are You Actually Buying?
A Minimum Viable Product (MVP) is the smallest version of a product that delivers enough value for real users to use it and pay for it, and that generates enough learning data to inform the next development decisions. An MVP is not a prototype, not a proof of concept, and not a full product. The defining characteristic of a production ready MVP is that it works: real users can create accounts, use the core feature, and for commercial products, pay for it, on an infrastructure that will support growth without requiring a rewrite.
- Solves one specific, validated customer problem in a way customers will pay for
- Is live on your domain with a real URL that users can access
- Has working authentication, onboarding, and payment processing
- Is built on a scalable architecture that does not require a rebuild before your Series A
- Generates real usage data that informs every subsequent product decision