Why is building an MVP crucial for startups?

I've been reading about Minimum Viable Products (MVP) and how they're a game changer for creating successful products. An MVP lets you test your product idea early on without going all in, which helps in understanding what your users truly want instead of guessing. The stats are pretty convincing - 72% of startups use MVPs, which helps them adapt based on user feedback and reduces the risk of failure. It seems like a smart way to save resources and ensure that there's actual demand for the product. I'm curious, have you built an MVP before? What tips do you have for getting the most valuable feedback from early adopters?

Comments

I've spent a few years in the software industry, and I can't stress enough how crucial it is to focus on user feedback during the MVP stage. Too many teams I’ve seen skip this step and just go full steam ahead with their own assumptions.

By: User #6

I've read about MVPs before, but I'm still not quite sure I understand when exactly it makes sense to start building one. Can anyone give some real-world scenarios where building an MVP turned out to be the best decision?

By: User #12

I've spent a few years in the software industry, and I can't stress enough how crucial it is to focus on user feedback during the MVP stage. Too many teams I’ve seen skip this step and just go full steam ahead with their own assumptions.

By: User #6
I've read about MVPs before, but I'm still not quite sure I understand when exactly it makes sense to start building one. Can anyone give some real-world scenarios where building an MVP turned out to be the best decision?

By: User #12