Plan Your MVP Launch: Tips from Michael Seibel

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This article is a summary of a YouTube video "Michael Seibel - How to Plan an MVP" by Y Combinator
TLDR Launch quickly, get feedback, and iterate to reach your goal.

Key insights

  • 💡
    "The goal of an MVP is to get to product market fit as quickly as possible."
  • 💡
    Launching quickly with a bad product is better than not launching at all, as getting initial customers and feedback is crucial for early stage startups.
  • 🛠️
    Continuously iterate and improve your solution until it actually solves the problem at hand.
  • 📺
    Twitch launched as an online reality TV show with only one channel, and the video quality was extremely low resolution.
  • 💰
    Billion dollar companies started with "pretty shitty" MVPs, proving that simplicity can be effective in launching a successful product.
  • 💡
    Building an MVP and putting it in front of customers is more valuable than spending time on a pitch deck because it allows you to know right away if your product solves their problem.
  • 📝
    Writing down your MVP spec can help you stay honest with yourself about changes and prevent your three week plan from turning into a three month plan.
  • 🚀
    Getting anything out in the world is key to momentum and avoiding delays.

Q&A

  • What is the importance of talking to users before building an MVP?

    — Talking to users before building an MVP allows you to determine if you can deliver value to them and meet their needs.

  • How should I approach launching an MVP?

    — It is recommended to launch quickly, get initial customers, and gather feedback from users to improve your solution.

  • What should be the focus when creating a lean MVP?

    — When creating a lean MVP, it is important to focus on the highest order problems of a small set of initial users and prioritize limited functionality.

  • Can a heavy MVP be built quickly in regulated industries?

    — Yes, in industries with significant regulation, a heavy MVP can be built in days instead of weeks by starting with a simple website explaining what you do.

  • What should be prioritized over spending time on a pitch deck?

    — Spending time building something to give to a customer is more valuable than spending time on a pitch deck.

Timestamped Summary

  • 💡
    00:00
    Talk to users before building an MVP to ensure you can deliver value.
  • 🚀
    01:41
    Launch fast, get feedback, and iterate!
  • 🛠
    03:47
    Build a lean MVP to quickly solve the highest order problems of a small set of users.
  • 🚀
    05:39
    Airbnb & Twitch started small, and Stripe founders offered on-site integration for customers.
  • 💻
    08:06
    Building a heavy MVP in regulated industries can be done in days with a simple website.
  • 🚀
    09:35
    Focus on getting customers and learning from them, not on perfecting a pitch deck.
  • 🚀
    11:22
    Launch in 3 weeks by time-boxing your spec & cutting if needed.
  • 🚀
    12:44
    Start small and iterate quickly to reach your goal.
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This article is a summary of a YouTube video "Michael Seibel - How to Plan an MVP" by Y Combinator
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