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MVP is Over. You Need to Think About MVE. | by Pete Sena | Entrepreneurship Handbook

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The founder suddenly clearly sees a problem with no apparent solution. How can I solve that? they think. Unfortunately, that’s not the correct question (at least not on its own). And that’s a big reason why a reported 10% of startups fail in the first year, and another 70% fail in years two through five. Ultimately, only one in ten survive. I know this because, over the last 20 years of working with entrepreneurs, I’ve been on the ground floor of over 20 startups that went from idea to IPO — the rare companies that make it. What I find most useful isn’t what made them successful but what almost killed them. Most first-time founders under-invest and just slap something untested together based on their gut. Others over-invest, don’t test, and launch something either too feature-light or feature-bloated. When you read that, you might be thinking, “Ah, I get it! They’re missing a step where they launch and learn from an MVP (Minimum Viable Product).” Nice try, but nope. I’ll give you a hin

MVP is Over. You Need to Think About MVE. Hint: V isn’t for viable — it’s for valuable Pete Sena 8 min read · Apr 11, 2024 -- 154 Listen Share Press enter or click to view image in full size Most startups start with a light-bulb moment. The founder suddenly clearly sees a problem with no apparent solution. How can I solve that? they think. Unfortunately, that’s not the correct question (at least not on its own). And that’s a big reason why a reported 10% of startups fail in the first year, and another 70% fail in years two through five. Ultimately, only one in ten survive. I know this because,

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