MVP development refers to the process of creating a minimum viable product, a basic version of a product or service that is released to the market to test assumptions and gather feedback from early adopters. By launching an MVP, startups can validate their product idea, iterate on features, and refine their offering before investing in full-scale development, making it a crucial step in the lean startup methodology that is highly relevant to entrepreneurs and tech innovators looking to bring new products to market efficiently.
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