What is the difference between an MVP and a full product?
An example of an AI chatbot conversation about MVPs and full products in development.
What is the difference between an MVP and a full product?
An MVP, or Minimum Viable Product, is a basic version of a product that includes only the essential features to satisfy early users. A full product, on the other hand, includes all the features and functionalities that are planned for the final version.
Why would a startup choose to launch an MVP?
Launching an MVP allows startups to test their ideas in the market quickly, gather user feedback, and make improvements without investing too much time or resources upfront.
Can you give me an example of a successful MVP?
Sure! Instagram started as a simple photo-sharing app with basic filters. It was an MVP that attracted users, and later, they added more features based on user feedback.
What are the risks of launching an MVP?
The main risks include potential negative user feedback if the MVP is too basic, and the possibility of competitors launching similar products before you can enhance yours.
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