An MVP is a preliminary version of your product that you can test in the market. Releasing an MVP enables you to validate product assumptions and study your users’ reactions to your product’s features.
What are some of the cost and time expensive features that should not be considered at the MVP stage?
Why consider building an MVP and what are its advantages?
@amanmittal: You should consider building an MVP to prove out your concept and avoid spending money you otherwise may not need to spend.
For example, say you spend $75,000 building a full featured amazing app that accomplishes your originally goal and many other things. You may find in several months in the market, your customers are not using these features; so you may have spent money where it didn’t need to be spent. This preserves your capital to later on improve features your customers are asking for.