MVP

Definition:

Minimum Viable Product, or MVP for short, refers to a set of features that are required to launch a product in order to get things started.

Information:

This is not to say further components or elements won't be added in the future. There is a tendency for new products to be launched as MVPs to streamline the development process and to collect feedback from users. An MVP for a car, for example, might be the steering wheel, tires, engine, as well as a single seat. It is impossible to move forward without these elements. Once we have established that our users enjoy the driving experience of our car, we can start adding features such as a radio, a dashboard, and more seats for friends.