Definition:

An MVP (Minimum Viable Product) is the simplest version of a product built to test whether people actually want it.

A prototype is an early model used to visualize ideas, test design, or demonstrate how a product may work.

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Prototype:

Used before building the real product

Purpose:

- test user flows

- validate design ideas

- gather feedback

- pitch investors

Examples:

wireframes

mockups

clickable app screens

concept demos

A prototype may not have real functionality.

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MVP:

A working version of the product with only essential features.

Purpose:

- test market demand

- acquire first users

- validate business idea

Examples:

early versions of apps with limited features

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Real Examples:

Dropbox started with a simple demo video before building the full product.

Airbnb began by renting out air mattresses in an apartment before scaling globally.

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Why Companies Use This Model:

Reduces risk

Saves development cost

Prevents building unnecessary features

Helps validate demand early

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Key Takeaway:

Successful startups test ideas in the cheapest way possible before building complex products.