minimum viable product
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Quora answers on Minimum Viable Product

Quora answers on Minimum Viable Product | minimum viable product | Scoop.it
Ever since we launched our initiative "Build your MVP", we have been getting a lot of responses. Majorly from the early stage startup and often we advise them, "Don't build a Minimum Viable Product".
Vijay Raghavan's insight:

Deciding on the essentials of an MVP can be tricky. Here are some of the best responses from Quora on how to build an MVP!

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Rescooped by Vijay Raghavan from I can explain it to you, but I can't understand it for you.
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How To Find One Metric That Really Matters

How To Find One Metric That Really Matters | minimum viable product | Scoop.it
If software is eating the world, Eric Ries's Lean Startup is the menu, offering developers a blueprint by which to change the world of startups, corporations and even churches.

Via Riaz Khan
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Whether it's MVP or MIP (most important), McCutchen makes a case - CBSSports.com

Whether it's MVP or MIP (most important), McCutchen makes a case - CBSSports.com | minimum viable product | Scoop.it
CBSSports.com
Whether it's MVP or MIP (most important), McCutchen makes a case
CBSSports.com
Justin Morneau won it in 2006, in part because his team went 16-7 down the stretch to catch the Tigers and win the American League Central.
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Rescooped by Vijay Raghavan from Online Business Models
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A Business Model Is The Place To Start From: Not a Business Plan - Steve Blank

A Business Model Is The Place To Start From: Not a Business Plan - Steve Blank | minimum viable product | Scoop.it

Where did the idea that startups write business plans come from?


In the early days of venture capital, investors and entrepreneurs were familiar with the format of business plans from large companies and adopted it for startups. Without much thought it has been used ever since.

 

A business plan is the execution document that existing companies write when planning product-line extensions where customer, market and product features are known. The plan is an operating document describes the execution strategy for addressing these “knowns.”


A startup is not about executing a series of knowns. Most startups are facing a series of unknowns – unknown customer segments, unknown customer needs, unknown product feature set, etc.


That means that writing a static business plan first adds no value to starting a company, as the plan does not represent the iterative nature of the search for the model.

 

From the Wall Street Journal article intro: "A retired eight-time serial entrepreneur, Steve’s insight that startups are not small versions of large companies is reshaping the way startups are built and how entrepreneurship is taught. His observation that large companies execute business models, but startups search for them, led him to realize that startups need their own tools, different than those used to manage existing companies."



Bio & Books: http://blogs.wsj.com/accelerators/steve-blank/


Free & Near Free Tips: http://steveblank.com/2012/11/27/open-source-entrepreneurship/ ;



 


Via Peter Hoeve, Robin Good
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