My perspective is more as a small business founder creating an app to solve real world problems in a small market, rather than a VC/Silicon Valley. (So I don’t know for sure how my views stack with “conventional” business wisdom. Maybe smarter people disagree.)

I observe or believe that an MVP (product and strategy) exists in the context of the current time and marketplace, with a view to figuring out how the customer responds to it, so has evolved over time as the customer expectations have matured.