MVP vs Prototype Effective Product Development #008

Summary

Key Points

• —An MVP (minimum viable product) is a basic, functional version of your app that includes only its core features and can be released to users quickly. 0:39
• —MVPs allow you to test assumptions in a real‑world environment by letting actual users download and use the app. 0:56
• —A prototype is a visual or interactive mock‑up created before any code is written, primarily used to gather internal feedback and persuade stakeholders. 1:20
• —Prototypes are intended for internal review, such as by UX designers, developers, investors, or company leadership. 1:24
• —Choose a prototype when you need to convince investors, gather stakeholder support, or refine the concept before committing to full development. 1:29
• —While an MVP is a working app that can generate revenue, a prototype is a presentation that showcases design and potential features but does not function as a full product. 1:48
• —MVP development focuses on making core functionality work, whereas prototype development focuses on achieving a polished look and feel. 2:06
• —Building an MVP typically requires development skills and a development team, while creating a prototype relies on UX designers and design tools. 2:14
• —Choose an MVP when you have a clear product vision, don’t need external funding, and want to launch to market as fast as possible. 2:48