Comment on How much money do you really need to start your company?parentComments−ghc14yIn entrepreneurial circles, MVP commonly stands for Minimum Viable Product. This is the smallest set of features your product needs to be viable as a business.−petervandijck14yYes, but it's not something you find, it's something you build. Which is why I asked. It looks like he meant "we haven't found market fit yet".−sarbogast14yIndeed you are right. That is what I meant. And building a product that reaches market fit takes some time and quite a few iterations.
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In entrepreneurial circles, MVP commonly stands for Minimum Viable Product. This is the smallest set of features your product needs to be viable as a business.
Yes, but it's not something you find, it's something you build. Which is why I asked. It looks like he meant "we haven't found market fit yet".
Indeed you are right. That is what I meant. And building a product that reaches market fit takes some time and quite a few iterations.