When it comes to developing a new product, two common approaches are using a prototype or a Minimum Viable Product (MVP). Let’s have a brief overview of prototype vs mvp :
A prototype is an early version of the product that focuses on demonstrating its core functionalities and design. It allows for testing and feedback before investing in full-scale production. On the other hand, an MVP is a basic version of the product with only essential features to validate the idea and gather user feedback.
In simple terms, a prototype helps visualize the concept while an MVP tests its viability in the market. Both have their advantages depending on where you are in the development process. In the USA, many startups opt for building an MVP first to quickly launch their product and iterate based on real user data.