The document discusses the importance of developing a Minimum Viable Product (MVP) to test ideas and hypotheses without large investments which could lead to startup failure. It notes that the failure rate of startups is very high, often due to a lack of focus or implementing ideas without properly validating the market. An MVP approach helps startups test their market assumptions, achieve initial traction, and obtain funding in the early stages in a cheaper and faster way than fully developing products without feedback. The document emphasizes that an MVP is critical for startups to reduce the risk of failing by solving real problems and getting feedback to iterate on their ideas before large commitments are made.

1. MVP or How to not fail
project on early stage
Pavlo Melnyk
Founding Parnter at Opsway.com

2. Startups expectations
Looks good, but...
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3. FAILdeath rate > 0.9
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4. Black Death
Rdeath ~= 0.80
Ex. 1
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5. Annapurna
Rdeath ~= 0.38
Ex. 2
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6. WHY ?
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7. Survivorship bias
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8. Wrong [market] time / Wrong [market] place
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* Photo taken on famous Russian intellectual show “What, where, when?”

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10. The MAIN reason – losing focus
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...or why creativity and
great product aren’t enough

11. Startup spirit vs Enterprise methodologies
★ Solve real world issues
★ Test your ideas [ fail fast and cheaper ]
★ Financial planning is a must
★ Startup is a business, take it seriously
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12. MVPMinimum Viable Product
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13. Why do you need MVP ?
★ test your market hypothesis / get feedback
★ achieve initial traction / cash flow
★ get funding on early stage of your startup
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14. Doing MVP the right way
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15. Thank you!
Get in touch:
Email: pamel@opsway.com
Facebook: facebook.com/ua.pavlo.melnyk
LinkedIn: ua.linkedin.com/in/pavlomelnyk
Pavlo Melnyk
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