In this episode, we're discussing the importance of MVP and product-market fit for startups. MVP stands for Minimum Viable Product, and it's a way to get your product to market quickly and cheaply to get feedback from users. Product-market fit is the holy grail for startups, and it means that your product is meeting the needs of a large enough group of users that they're willing to pay for it.
There are a few different ways to measure product-market fit. One popular method is the 40% test, which asks users how they would feel if they could no longer use your product. If more than 40% of users say they would be very disappointed, then you're on the right track. Another method is to use the net promoter score (NPS), which measures how likely users are to recommend your product to others. A score of 30 or above is considered to be great.
In this episode, we'll discuss the importance of MVP and product-market fit in more detail. We'll also share some tips for how to measure product-market fit and how to improve your chances of success. So whether you're a startup founder or just interested in learning more about product development, this episode is for you!
