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Entrepreneurship & Startups vocabulary · MVP & Product-Market Fit

MVP

Meaning in entrepreneurship & startups, with examples

/ˌem viː ˈpiː/abbreviationCore term

In entrepreneurship & startups, MVP means: Minimum viable product: the simplest version of a product that real customers can use, built quickly to test whether the idea solves their problem.

In Turkish: minimum uygulanabilir ürün, en yalın ürün, MVP

How it is used

Used daily by founders, product teams and investors. You build, launch, test or ship an MVP, then learn from user feedback. An MVP can be very basic, such as a landing page, a spreadsheet or a manual service behind a simple app.

Example sentences

  1. We launched the MVP in six weeks with only two features: booking and payment.

  2. Don't spend a year on the app; build an MVP and see if anyone actually uses it.

Common collocations

  • build an MVP
  • launch an MVP
  • test the MVP
  • MVP stage
  • prototypeAn early model of a product, often incomplete or not fully working, made to test an idea, show how something will look or collect feedback.
  • product-market fitThe stage when a product clearly meets a real need in a large enough market, so customers buy it, keep using it and recommend it without much pushing.
  • lean startupA method of building a company by testing ideas quickly with real customers in a build, measure, learn cycle, instead of following a long, fixed plan.
  • iterateTo improve a product in repeated short cycles: build a version, test it with users, learn from the results and make the next version better.
  • validateTo check with real evidence, such as customer interviews, sign-ups or pre-orders, that an idea, a problem or a business assumption is true.

This word in other fields

The same English word can have a different meaning in another field:

More terms: MVP & Product-Market Fit

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