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Simply put, a minimum viable product, or MVP, is a design concept in which the most basic version of a product is released to test the business/startup idea.
When releasing a new product/startup product owner/founder is faced with a big challenge; what features to include in the first version of the product?
With a big feature set, you risk investing long design and development time on features that users might not use at all.
This is where a minimum viable product comes to save the next few months, or even years, of your life.
To start, first, develop a hypothesis; for example; 'single people will be willing to pay for a new dating app that focuses on short videos'.
Then, build an app that tests the exact hypothesis and nothing else. This app should be built with minimum resources/time and be viable at the same time.
This is what a minimum viable product is.
In the end, with the MVP design approach, you will be able to discover if your target customer audience is interested and then pivot if needed, without working for months only to find out that nobody is interested in your solution.
With more chances to pivot, within the same budget, you will increase your chances of success -- 100% with each pivot.
In the end, MVP will enable you to take more tries and increase your chance of startup success.
Basically, every major company started with some sort of MVP.
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