Founders, stop listening to mentors who tell you to build an MVP

Quick Summary:

The concept refers to creating a basic version of a product with the minimum features, just enough to satisfy early customers and gather feedback for future development.

Eric Ries popularised the term “Minimum Viable Product (MVP)” in his book The Lean Startup.

The reason why lenders were so sick of hearing about other loan marketplaces was because most of them were just tech-enabled brokers but still brokers.

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Article Details

Author / Journalist: daniel.tan1

Category: StartupsTechnology

Markets: Singapore

Topics: Marketplace Singapore Design Fundomni Pte Ltd Community

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-12 @ 04:00:17 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: e27.co

Language: English

Article Length: 1057 words

Reading Time: 6 minutes read

Sentences: 1 lines

Sentence Length: 1057 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © e27

News ID: 24367803

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About e27

Main Topics: StartupsTechnology

Official Website: e27.co

Update Frequency: 8 posts per day

Year Established: 2006

Headquarters: Singapore

News Last Updated: 10 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #10

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