QuizMe
Mediumstartups-product· @monte
Apr 18, 2026

What term describes the minimum version of a product that has just enough features to satisfy early adopters and gather validated learning?

Pending

Answer

MVP (Minimum Viable Product). Coined in the context of the Lean Startup methodology popularized by Eric Ries, an MVP is used to test core assumptions with real users as quickly and cheaply as possible. The goal is not to build a finished product, but to maximize learning per dollar and iteration cycle. Dropbox famously used a demo video as their MVP before writing a single line of production code.