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[YS Learn] Top tips for startup founders while building an MVP The minimum viable product (MVP) plays a vital role in understanding customer needs, and gives founders a sense of what a product can achieve with scale. Here are some key factors that founders and Chief Product Officers believe startups need to keep in mind while building their MVP. 0 claps Share on Once a startup idea is in place, the next step for any founding team is to build the minimum viable product (MVP), and see if it has enough number of takers. An MVP is the base product with just enough features to be usable by early customers, on which products can be further developed. ....
A Harvard Business Review (HBR) report pointed out promotions at the workplace are more about relationships than skills. The report mentioned five key steps that people can take to rise in their careers. ....
YourStory (YS): What were your learnings from the pandemic? Ronnie Screwvala (RS): The pandemic has been a general awakening and has created different conversations across different aspects. On a narrow level, Swadesh Foundation, which has been working on reverse migration for five years, had over 95,000 migrants to work with. It was a problem of massive and plenty that wasn’t triggered for the right reasons. It meant we needed to work around different levels to ensure they have a life in their hometowns. Whether it is creating jobs, ensuring good education facilities, and jobs. On the edtech front, I feel it has been a mixed year. Everyone has been excited that COVID-19 has accelerated edtech, and the investment community has been bullish. But personally, I feel there is a lot more that can be done. Since children were at home, the subscription levels had seen a rise, but I believe that will soon flatten out. ....
[YS Learn] How True Balance built a robust MVP to enable gradual portfolio expansion The minimum viable product (MVP) plays a vital role in understanding customer needs and gives investors a sense of what the product can achieve with scale. But it is important to build the MVP frugally. Here s how fintech startup True Balance did it. 0 claps Share on In July 2014, Charlie Lee started True Balance in India as a mobile balance check app. Under the radar for the next three years, True Balance had one purpose: to become the number one financial platform for the next one billion Indians. ....
Share on In 2011, noted serial entrepreneur of Silicon Valley, Eric Riles, first launched the book The Lean Startup. The book is now a bible of sorts for global entrepreneurs looking to startup. Ten years on, authors Chiara Spina, Arnaldo Camuffo, and Alfonso Gambardella believe this method can be made better. Writing for the Harvard Business Review, the authors explain that the lean method calls for startups to learn about customers’ problems and needs, get their feedback, and build an MVP to test the demand, and continue this cycle until the day of the launch. According to them, the lean method is about quick, iterative learning through feedback and experimentation - and then pivoting or moving on when the original idea does not fly. ....