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Michael Seibel - How to Plan an MVP
This is an AI-generated summary of a YouTube video "Michael Seibel - How to Plan an MVP" by Y Combinator!

Launch quickly, get feedback, and iterate to reach your goal.

  • πŸ’‘
    00:00
    Talk to users before building an MVP to ensure you can deliver value.
    • I will discuss creating a Minimum Viable Product (MVP) from my experience with two Y Combinator startups.
    • Talk to users (including yourself) before building an MVP to see if you can deliver value to them.
  • πŸš€
    01:41
    Launch fast, get feedback, and iterate!
    • Launch quickly, get initial customers, and talk to users to get feedback.
    • Hold the problem and customer tightly, hold the solution loosely, and iterate often to ensure success.
  • πŸ› 
    03:47
    Build a lean MVP to quickly solve the highest order problems of a small set of users.
    • Iterate and improve your solution until it solves the user's problem.
    • Start with a lean MVP that can be built fast, with limited functionality and a focus on the highest order problems of a small set of initial users.
  • πŸš€
    05:39
    Airbnb & Twitch started small, and Stripe founders offered on-site integration for customers.
    • Airbnb launched without payments or a map view and Twitch launched as Justin TV with one channel and low resolution video.
    • Stripe founders would come to your office and integrate it for you when you wanted to use Stripe.
  • πŸ’»
    08:06
    In industries with significant regulation, a simple website explaining what you do can be a starting point for a heavy MVP, which can be built in days instead of weeks.
  • πŸš€
    09:35
    Focus on getting customers and learning from them, not on perfecting a pitch deck.
    • Forget the idea of a "magical launch" and focus on getting customers as soon as possible to learn from them.
    • Spending time building something to give to a customer is more valuable than spending time on a pitch deck.
  • πŸš€
    11:22
    Time-box your spec, write it down, and cut it if needed to launch in three weeks.
  • πŸš€
    12:44
    Don't fall in love with your MVP, it's just the first step in a journey.
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Michael Seibel - How to Plan an MVP
This is an AI-generated summary of a YouTube video "Michael Seibel - How to Plan an MVP" by Y Combinator!