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Should it be Called a Minimum Valuable Product?

Many product people “use the MVP as an excuse to be lazy. They cut corners, remove features and sacrifice the user experience in the name of ‘staying lean’ and ‘shipping.’”

Ward Andrews suggests that perhaps the V in MVP should stand for Valuable, not Viable and describes the MVP as a product that “has the fewest features necessary to solve the primary problem for your primary market.” He also looks at the right way to build a Minimum Valuable Product.