We’re fluent in startup finance. Now you can be too.

Learn more about common financial (and startup) terms here. To learn more about Pilot, fill out the form below.

Oops! Something went wrong while submitting the form.
Minimum Viable Product (MVP)

What Is a Minimum Viable Product (MVP)?

A minimum viable product (MVP) is an early version of a product that you can release to see if you’ve found a product-market fit and to gather feedback. Rather than spending resources to build a product that customers don’t want or enjoy, you can release an MVP and then use the feedback to create the next version.

Startups and large businesses alike use MVPs to test new products, services, and business models. They’re part of the lean startup methodology, which prioritizes fast development cycles based on user feedback. 

When you build an MVP, you’re trying to learn from rather than sell the product. It should have enough features for users to understand your intent and offer criticism, but you don’t want to invest in additional features until customers validate your concept. 

Need help with other finance or startup questions?

Pilot provides bookkeeping, CFO, and tax services for literally thousands of startups and growing businesses. We've successfully processed over 10 million transactions for our customers and have unparalleled expertise when it comes to helping businesses succeed.

We're the largest startup-focused accounting firm in the United States, and we'd love to help you. To talk to an expert on our team and find out what Pilot can do for you, please click "Talk to an Expert" below, or email us at info@pilot.com.

See what Pilot can do for you

Get the peace of mind that comes from partnering with our experienced finance team.

Oops! Something went wrong while submitting the form.