A basic version of a product that includes only essential features to meet early customer needs and gather feedback.

A methodology focusing on rapid iteration, validated learning, and customer feedback to develop products efficiently.

The process of creating a preliminary model of a product to visualize and test its functionality before full-scale development.

Methods used to gather insights about potential users to ensure the product meets their needs and preferences.

The process of testing a product concept with real users to confirm demand and refine features.

A cyclical approach where products are continuously improved based on user feedback and testing.

A core principle of Lean Startup, emphasizing rapid development, measurement of results, and learning from feedback.

A strategic planning tool that evaluates strengths, weaknesses, opportunities, and threats related to a business or project.

Fictional characters created to represent different user types, helping guide design and marketing decisions.

A presentation that outlines a startup's vision, business model, and product, typically used to attract investors.

An unmet need in the market that presents an opportunity for new products or services.

Evaluating a product by testing it with real users to identify areas for improvement.

A clear description of the issue a product aims to solve, guiding development and marketing efforts.

Analyzing competitors to understand their strengths, weaknesses, and market positioning.

An interactive model of a product that allows users to navigate and experience its features.

A system where user input is continuously collected and used to improve the product.

A comprehensive plan that outlines how a business will reach its target audience and achieve its goals.

Working together with team members to achieve common goals, essential for developing an MVP.

A presentation aimed at persuading investors to fund a startup by showcasing its potential.

The range of operations that can be performed by a product, crucial for MVP development.

Professionals with extensive knowledge and experience in a specific field, providing valuable insights.

Patterns and changes in consumer behavior and preferences that influence product development.

The total costs incurred by a business in the process of producing and delivering a product.

A statement that explains how a product solves a problem or improves a situation for the customer.

An iterative approach to software development that emphasizes flexibility and customer feedback.