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Minimum Viable Product in brief!

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Find what is the MVP (Minimum Viable Product) and how to create an MVP.
This slide was created for my "MVP workshop" at TrigUp's Pre-Accelerating Program.

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Minimum Viable Product in brief!

  1. 1. MVP What is? & How to build? In The Name of Allah
  2. 2. Mohammad Milani CEO at RAMBOD Business Development Manager at TAKFA mohammadmilani
  3. 3. Startup Organization formed to search for a repeatable and scalable business model • Innovative Idea • Scalable • Fast growth
  4. 4. Source: Forbes - 2015
  5. 5. 90% of startups will fail Source: Forbes - 2015
  6. 6. Most reasons: No Market Need 42%
  7. 7. A Perfect, Great and Supreme Product That No One Needs!
  8. 8. How avoid?
  9. 9. MVP Minimum Viable Product
  10. 10. What is MVP? • The minimum viable product is: • that version of a new product which allows a team to collect the maximum amount of validated learning about customers with the least effort. Erich Rise-
  11. 11. What is MVP?
  12. 12. What is MVP?
  13. 13. How to create MVP?
  14. 14. I. Define your product & value proposition. • For Example: The idea is to build a site, with working customer support numbers for various companies. Users can add numbers they find and vote on other numbers whether it worked for them or not.
  15. 15. II. List the Initial Features • Search the database to find a company • Allow users to submit companies to the database • Group companies into categories • Detect duplication of companies (eg: IBM vs International Business Machines) • Separate numbers by city • Get the user’s IP, determine the location and show numbers for the city closest to the user • Upvote on numbers which work • Downvote on numbers which aren’t working • Allow businesses to add verified numbers • Allow users to submit numbers to the database • Have premium users who receive discounts from companies • Premium users can login through facebook, twitter and google accounts • Show users their vote if they have previously voted on a number
  16. 16. III. Find Minimum Feature Set How many of these features are really central to the core problem being solved?
  17. 17. III. Find Minimum Feature Set • Search the database to find a company • Allow users to submit companies to the database • Allow users to submit numbers to the database • Upvote on numbers which work • Downvote on numbers which aren’t working
  18. 18. IV. Detect your target market.
  19. 19. V. Start with early adopters • Find effective access channels to early adopters
  20. 20. VI. Innovate again and Make your MPV • to collect the maximum amount of validated learning about customers with the least effort • MVP types: • Advertisement • Mockup site • Video • Real Product
  21. 21. VII. Now, start the round… • Measure and gather data • Analyze feedbacks and learn • Rethink and revise your idea • Build again and offer again • and again….
  22. 22. “Every man is worth just as much as the things he busies himself with.” Marcus Aurelius Antoninus
  23. 23. Question?

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