Startup Funding Espresso Minimize the MVP
Minimize the MVP Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. Many founders brainstorm a grand vision for their product. While vision is a must have, realize you\u2019ll need to start small. Raising too much funding early in the business will cost the founder unnecessary dilution. In building the MVP think minimum and not maximum. Keep the team to a minimum. Focus on the core problem. Solve a piece of the problem and not the entire thing. Put a deadline on the time to build to provide boundaries to the MVP. Calculate the cost to maintain the product in addition to building it. Design it so you can add more features later such as a software interface that allows for additional features. Consider how it fits into your user\u2019s workflow and exactly what it must do. Check with your proposed initial customers to see if they would buy what you plan to build. Building a new product is hard so it\u2019s best to break it down into phases and steps. Consider these points for building your MVP. \xa0 Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding. Let\u2019s go startup something today. _______________________________________________________ For more episodes from Investor Connect, please visit the site at: \xa0 Check out our other podcasts here: \xa0 For Investors check out: \xa0 For Startups check out: \xa0 For eGuides check out: \xa0 For upcoming Events, check out \xa0\xa0 For Feedback please contact info@tencapital.group\xa0\xa0\xa0 Please , share, and leave a review. Music courtesy of .