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What's an MVP and Why Do You Need One?

What's an MVP and Why Do You Need One?

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 In this episode of "The Missing Kei", Edie Woelfle explains the concept, benefits, and process of building Minimum Viable Products (MVPs) for startups. She highlights the vast savings in time and money startups can achieve by beginning with a simplified version of their product, using it to learn about user needs, and scaling accordingly. The podcast delves into the steps to build an MVP, including defining the main problem, outlining key features, assembling the right team, setting up a simple process, and incorporating analytics from day one. Woelfle also discusses common mistakes startups make, such as opting for cheaper, low-quality MVP construction and failure to implement processes early on. Furthermore, she emphasizes the concept of MVPs through examples of real-life successful companies, like Amazon, Twitter, and Dropbox, that began their journey with an MVP. The episode wraps up with a comprehensive MVP checklist that aid listeners in effectively maneuvering the tech world.
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