All highly successful apps like Instagram, Uber, and others have something in common, which is using an MVP (a Minimum Viable Product) process to test the viability of their products and build functionality gradually based on user feedback.
Approximately 70% of startups fail. There are a variety of reasons for this from the development disharmony to a lack of product-market fit.
Businesses can avoid failure by getting feedback from the users before they develop the final product, and this is the idea of the MVP process.
By using an MVP, you only implement the essential functionality (delivering enough value to users) to perform initial testing, which can make it possible to take technical and business solutions based on certainties rather than suppositions.
“Viable” & “Minimum”
The key to success is balancing “viable” and “minimum” to make sure you create a product that people will use.
Corporates & Startups
Whether you are a startup or a corporate software company, an MVP is your best strategy for launching a new product.
Balance between minimum and viable
Achieving the right balance between "minimum" and "viable" is very significant for creating a product with both primary and competitive functionality. Prioritizing the features is the biggest challenge.
Accurate key metrics
Failing to define accurate key metrics leads to getting irrelevant results and making wrong decisions.
Insufficient research after launching an MVP can confuse you and make you feel like you haven’t chosen the right product.
We encourage you to make your steps toward creating an MVP
Framing the problem is one of the most critical steps in creating an MVP. In this step, we help you to understand and articulate the problem.
Identifying and understanding your business, market needs, the pain points, and expectations of your users by market research.
Ideate on potential solutions for your users' needs. We help you to review all the abstract ideas and prioritize them based on their potential and feasibility to create a set of feature backlog.
Help you to find the best minimum subset of features from the complete product backlog.
Identify the KPIs (Key Performance Indicators), which will reflect the performance of your product against time and other dimensions.
Build, Measure, Learn and iterate
Aсquire a potential user base and find early adopters.
To save money on developing the final product, the investments for creating a minimum viable product should be approximately ten times lower than those for product development.
The best way of presenting an idea to potential investors is having first quick income.
To make it possible to predict commercial and technical capabilities as well as the implementing solutions based on certainties rather than suppositions.
To assess the prospects of the business ideas in the market in the short term and to get early feedback that leads to product improvements.
Use the iterations in development which is the most optimal way.
Spending very little time on design and development and getting user feedback very quickly.
SPEED UP LEARNING
These kinds of lessons can’t be achieved through in-house research or testing
Are you looking for a co-founder who stay with you long term?
Are you looking for a co-founder who care about tech and product at the same time?
Is the time so critical at this stage of business?
Only in 2-4 months
depends on how complex the MVP is, we build the MVP between 2 and 4 months
You pay Max 50%
You will pay only 50% of the development costs (based on 3rd parties quotes) max and the rest fulfils with equity.
Tech & Product
We take care of UX, Product and Tech. You just need to take care of the business