Iterative development greatly enhances product evolution, often leading to significant changes informed by user feedback. Engaging directly with users allows founders to gauge true interest and make necessary adjustments, fostering excitement and increasing the likelihood of adoption and payment. Despite hesitations surrounding MVPs, it's crucial to recognize that early adopters thrive on new innovations, even if initial versions may not meet high expectations. Their willingness to engage stems from their own problems, making them invaluable partners in the developmental journey.
YC Group Partner, Michael Seibel, explains how to build a minimum viable product (MVP) for your startup idea. Using examples from real YC companies, Michael walks through how to determine your MVP feature set, build prototypes and demos for user testing, and present your MVP to early customers or investors.
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