MVP
MVP
Y Combinator
@ycombinator
On Finding Product Market Fit at Segment — Peter Reinhardt (YC S11)
Peter Reinhardt [17:36] - The debate was whether to build out the full
product
and then
test
for
product-market fit
by trying to sell it to people versus this super, super lightweight
MVP
landing page that we would put on
Hacker News
to see if there interest in the concept. What drove us towards the super, super lightweight
test
was actually the fact that there was a skeptical divide among the founders. Since the founders couldn't
agree
, the only way to answer the
question
was to go to customers ASAP and get an answer.
Y Combinator
@ycombinator
Product Development Cycle Fundamentals — Michael Seibel | YC
In this
post
I’m going to cover
product
development cycle fundamentals that I learned to help solve all of the
problems
above. This will help you rapidly iterate, measure,
test
, and improve your
product
while fully engaging your team. This is not that same as shipping an
MVP
. I’m assuming you’ve released an
MVP
and are figuring out what to do next, which is where most
startups
spend most of their
time
Y Combinator
@ycombinator
How to Split Equity Among Co-Founders — Michael Seibel | YC
Here are some of the most often cited reasons for unequal equity splits:
I brought on my co-founder after launching my
MVP
Y Combinator
@ycombinator
How to Launch (Again and Again) — Kat Manalac | YC
So, the next thing is the friends and family launch. So, if you're at idea stage, you can
test
out your short
pitch
on family and friends and see how they respond. And once you have an
MVP
, do a friends and family launch as quickly as possible. So, in its earliest days,
Reddit
was shared just among the founders of their batch at
YC
. You know, there were only eight companies. It was a really small
community
. I use the Wayback Machine to actually see what
Reddit
looked like in its earliest days. It hasn't changed that much. But if you look closely, this is actually before they called upvotes "upvotes." They were calling it "boosts." This is, like, 2005, I think July. So, that's how they got their very first users, just sharing it among their
community
of founders. And so, you know, what I recommend you do is share the
product
with your friends and family, watch them use it, you know, sit down next to them and ask for
feedback
, but don't stay in this phase for too long because your friends and family might not be the exact right, ideal user for your
product
or what you're building, and so sometimes their
feedback
isn't quite as helpful as a real user's is. So, for example, you know, if Alexis and Steve had shared this with their parents, their parents might have been like, "What the hell is this?" So, you know, get out of that family and friends circuit as fast as you can.
Y Combinator
@ycombinator
How to Launch (Again and Again) — Kat Manalac | YC
So, before you even have a fully functioning
product
, you get a chance to practice your
pitch
and you can refine it. You can A/B
test
it and see how people actually respond to the idea. And then once you have an
MVP
or, you know, a very early version of your
product
, launching through different channels will give you an opportunity to see how people will respond to that early version of the
product
. You know, and then launching to different channels will help you determine whether you're even talking to the right users because, you know, you might launch on one channel and get no response, you'll launch on another channel and you'll get a huge response. And so, that will help you identify whether, you know, you're identifying the right user for what you're building. So, let's talk about some of the types of launches that you can do while you're in
Startup School
. And I'm excited to hear that, you know, 1,000 of you have launched so far since the start of
Startup School
. That's incredible. So, I clicked on 10 random
Startup School
companies from founders who posted on the forum, and only about half had landing pages. So, this is what I call the silent launch, and you do not need anything fancy for this, you know. All you need is a domain name, your company name, a short description, a contact, and a call to action. So, for example, this is a random
Startup School
company that I found from a founder who'd posted on the forum. Their company is Zn. They have, you know, a domain name, they have their company name, they have their short one-line
pitch
, a short description, and their call to action, which is, "Get in touch." The call to action can be something like, you know, "Subscribe to our newsletter," or, "Subscribe to hear more when we launch."
Product
Hunt, for example, has an actual
product
for pre-launch companies called Ship, and it's a way to collect, like, interest from potential users. So, for example, this is something called Designer
School
, and it has a quick intro from the founders, a short description of what the company does, and the call to action, which is "Subscribe." So, you know, you can go on
Product
Hunt and set up one of these pages. But, of course, you can also build your own landing page incredibly quickly and easily, and this should be something, if you don't have one yet, that you do this weekend.