A minimum viable product (MVP) is a concept from Lean Startup, by Eric Ries, that stresses the impact of learning in new product development. In the book, he defined an MVP as that version of a new product which allows a team to collect the maximum amount of validated learning about customers with the least amount of effort. Depending upon the type of product you are bringing to market, the scope of your MVP will vary. For instance, the minimum capabilities of a consumer-facing digital food recipe marketplace might differ greatly from those of an electronic prescribing system for physicians. In the latter case, be fully the system needs to fully functional, integrated with the pharmacy network, and even certified before it is useful to the first customer.
It is our belief that creators of products should formulate a hypothesis of the capabilities required in their products to experiment with early users while searching to find product-market fit; and, that market feedback be the mechanism for prioritizing new features.
It is our strong recommendation that creators make every attempt to minimize features while not minimizing the foundational and architectural capabilities of their products. In this manner, feature development is incremental and avoids risky rewrite phases, that often kill ventures. Unfortunately, it is more common than not for ventures to slow down, disappoint customers and investors, stop onboarding customers and even fail as flimsy products begin to fail under load or complex requirements, and then require total rewrites.
The 8base Platform was born so that creators could build incrementally from inception to MVP and then to hypergrowth without ever requiring a rewrite of their application.