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Steve Blank hits the nail on the head! Startups aren’t just mini versions of big companies. Do you think focusing on finding the right business model is more critical than executing like a big corporation from day one? Let’s hear your thoughts!
No he is wrong. An MVP is not a slide or wireframe. Unless your product is a slide or wireframe. It is a minimum viable product, meaning it has to be an actual product. A product a customer is willing to pay for to receive. If the customer is willing to pay for a slide, sure, but I assume that is not he means. What he is talking about is a prototype, proof of concept or mock-up. Stop confusing people about what an MVP is. You can actually SELL an MVP, and it should the minimal you can make it and people still pay for it.
I think he meant that you should get even a slide or wireframe in front of the customer to get feedback to improve your product from day 1. That doesn't mean that the customer can use the product, but can already give feedback, specifically on their pain points.
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"you need to turn that faith into facts as quickly as possible" 🔥
Thank you for the motivation, I'll work on turning that faith into facts!
1. Bus dev for customers 2. finding the customers. 3. Agile build (fast, iterative and incremental)
Great points! Business development and customer finding are crucial steps, and the Agile approach really helps in adapting to needs quickly.
Great breakdown! Those three steps are crucial for any successful business development strategy. Thanks for sharing your thoughts!
Fascinating presentation that changes one’s perception of what startup is
Thank you for watching and sharing your thoughts!
Steve Blank hits the nail on the head! Startups aren’t just mini versions of big companies. Do you think focusing on finding the right business model is more critical than executing like a big corporation from day one? Let’s hear your thoughts!
Who needs to execute like a big corporation when you can rock the startup world with your innovative business model?
You might want to fix the audio in this video. There are a lot of jarring stutters and breaks. Other than that, great video!
Thank you for pointing that out, I'll work on improving the audio for future videos!
No he is wrong. An MVP is not a slide or wireframe. Unless your product is a slide or wireframe. It is a minimum viable product, meaning it has to be an actual product. A product a customer is willing to pay for to receive. If the customer is willing to pay for a slide, sure, but I assume that is not he means. What he is talking about is a prototype, proof of concept or mock-up.
Stop confusing people about what an MVP is. You can actually SELL an MVP, and it should the minimal you can make it and people still pay for it.
Maybe we should start selling slides and wireframes then! Who knew they could be so valuable?
Educative
I think he meant that you should get even a slide or wireframe in front of the customer to get feedback to improve your product from day 1.
That doesn't mean that the customer can use the product, but can already give feedback, specifically on their pain points.
That's a great point! Feedback from customers early on is crucial for product improvement.
@@vincentschulz9355 yes, important, but still not MVP 😅
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This video is inspiring. We've also discussed various ways to launch a business without any upfront costs on our channel.
I'm so glad you found the video inspiring! It's amazing how many creative ways there are to start a business without breaking the bank.
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thanks
Thought this was about drank
Thanks for watching the video!