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Phase 3: Build Your MVP

What is an MVP?

⏱️ 30 min
Lesson 9 of 16
🎯 3 Activities

An MVP (Minimum Viable Product) is the simplest version of your product that lets you test your core hypothesis with real users. It's not about launching something bad—it's about learning fast.

▶️

Building the Minimum Viable Product

Eric Ries • Lean Startup

Why watch this: Eric Ries literally wrote the book on MVPs. Hear directly from the creator of the Lean Startup methodology about how to build and learn from your MVP.

🧠

MVP Purpose

The main purpose of an MVP is to:

AImpress investors with a working product
BLaunch a perfect product from day one
CBeat competitors to market
DLearn whether your solution solves the problem

Types of MVPs

🎬 Explainer Video

Show what you'll build before building it. Dropbox did this.

📄 Landing Page

A page that describes your product and collects sign-ups.

🧙 Wizard of Oz

Looks automated, but humans do the work behind the scenes.

🤵 Concierge

Manually deliver the service before building technology.

🏗️ Piecemeal

Combine existing tools (Zapier, Airtable, etc.) to create your product.

📱 Single-Feature

Build just one core feature, nothing else.

The Build-Measure-Learn Loop

Build: Create the simplest thing that tests your hypothesis

Measure: Collect data on how users interact with it

Learn: Decide whether to pivot, persevere, or iterate

Futures Simulator
Parallel Timeline Analysis
📅 Month 6 Projection
🚀 MVP First
WK 1 Google Form live. 15 signups in 3 days.
WK 3 User feedback: "Want career advice, not just mentors." Pivot.
MO 2 100 users. Clear product-market direction.
MO 4 Build real product based on validated learnings.
MO 6 Scale to 500 active users.
500
Users
$2K
Spent
3
Pivots
HIGH
PMF Confidence
🏗️ Full Build First
MO 1-3 Building: AI matching, profiles, chat, scheduling...
MO 4 Launch! 20 signups. Users confused.
MO 4.5 Discovery: Users wanted something else entirely.
MO 5-6 Rebuilding from scratch. Back to zero.
50
Users
$15K
Spent
0
Pivots
LOW
PMF Confidence
💡
INSIGHT
Same idea. Same founder. Different approach = 10x difference in users, 7.5x less spend. The MVP path learns faster because feedback comes weekly, not after months of building.
🎯

Match the MVP Types

Match each MVP type to its approach:

Wizard of Oz
Concierge
Landing Page
Test interest before building
Looks automated, humans behind scenes
Openly manual service delivery
🚀

Choose Your MVP

You want to build an app that matches first-gen students with alumni mentors. You have no coding skills and need to test the idea fast.

What's the best MVP approach?

ASpend 6 months learning to code and build a full app
BCreate a Google Form for students, manually match them with alumni mentors from your network
CHire a developer to build the matching algorithm

🌟 Perfect MVP Thinking!

A concierge MVP! Google Form + manual matching lets you validate: Do students sign up? Do mentors participate? Is the matching valuable? You learn in days, not months.

👍 Works, But Slower

Hiring a developer is expensive and slow. You might build the wrong thing. Test manually first to know WHAT to build.

💡 Don't Do This!

6 months to learn to code means 6 months of assumptions untested. You might build something nobody wants. Test the concept first, learn to code later.

⏱️

Timed Decision: Feature Crisis

45s
⚠️ Incomplete information—just like real life

You're 2 days from MVP launch. Your co-founder says users in testing want a chat feature. Building it would delay launch by 2 weeks. You have limited runway. Some users said chat is "essential," others didn't mention it. What do you do?

A. Launch without chat. Add it later if users really need it.
B. Delay 2 weeks. Users said it's essential.
C. Build a quick hack version of chat in 3 days.
D. Do more user research to decide.

Time's Up!

In startups, indecision IS a decision—usually the worst one. Perfect information never arrives. Decide anyway.

What to Include in Your MVP

Ask yourself: What's the ONE thing that must work for users to get value?

🏗️

Choose Your MVP Type

Decision

Decide what type of MVP makes sense for your idea:

Example MVP Plan

Solution: Platform connecting first-gen students with alumni mentors

Core Hypothesis: First-gen students will actually follow through on mentor meetings (not just sign up and ghost)

MVP Type: Concierge + Piecemeal

Why: I can manually match and check in, while using Calendly + Slack to manage communications

What I'll Build: Typeform for intake, Airtable for matching, Calendly for scheduling, Slack for community

Success Metrics: 20+ students sign up, 10+ actually have mentor meetings, 8+ give positive feedback

Timeline: Launch this weekend!

✂️

Cut It Down

Focus

List everything you'd want in your product, then ruthlessly cut to MVP essentials:

Example Feature Cut

Full Version Features:

1. AI-powered mentor matching 2. Video chat 3. Resource library 4. Resume review 5. Interview prep 6. Job board 7. Community forum 8. Progress tracking

MVP Core Feature: Mentor matching only

Why: If students and mentors don't connect and find value in conversations, nothing else matters. Fancy features won't fix a broken core.

Cutting: AI matching → manual works fine. Video → use Zoom. Resources → link to existing ones. Resume → maybe phase 2. Rest → later.

🎯 Key Takeaways

  • MVP = simplest thing that tests your core hypothesis
  • The purpose is learning, not launching a perfect product
  • Start manual (concierge), then automate what works
  • Include only the ONE feature that delivers core value
  • Build-Measure-Learn: iterate based on real feedback