Minimum viable product (MVP) is a foundational concept in product development and entrepreneurship. It refers to the most basic version of a product that can be released to early users in order to validate core assumptions and gather feedback with minimal resources. The MVP approach allows teams to test the viability of an idea, measure market response, and iterate quickly based on real-world data before investing in a fully-featured solution. This strategy emphasizes learning through experimentation, reducing risk, and accelerating the path to product-market fit. While closely associated with lean startup methodology, MVP principles are now applied across various industries and stages of innovation.

"If you are not embarrassed by the first version of your product, you've launched too late."

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