Glossary · Product
Minimum viable product (MVP)
The smallest version of your product that still lets you learn from real users. It is not an excuse for broken junk — it is a focused experiment.
Related: Product–market fit (PMF) · Seed round · TAM (total addressable market)
A bit more nuance▾
- Eric Ries popularized MVP in lean startup thinking; many teams debate how “minimum” is too minimum.
- In emerging markets, distribution or payments may be the real experiment, not just the UI.
Go deeper▾
Discussion questions▾
- What is the one risk your MVP is designed to test?
- What would you ship in two weeks if you had to?
Educational reference only — not legal, tax, or investment advice. Terms vary by country and deal; ask a qualified professional when it matters.