The MVP is a concept from the Lean Startup methodology, which emphasizes speed to market and constant iteration based on customer feedback. The goal of an MVP is to get a product into the hands of customers as quickly as possible so that it can be validated or invalidated with real-world data. The cost of building an MVP depends on the features required to make the product viable. For example, a minimum viable product for a social media app might simply consist of a login screen and the ability to post updates, while a minimum viable product for an eCommerce site might include a shopping cart and checkout process. The cost of building an MVP can range from a few hundred dollars to tens of thousands of dollars, depending on the complexity of the product. Of course, these are just estimates - the actual cost will depend on the particular product and team involved. So if you're thinking about developing an MVP, it's important to do your research and budget accordingly.In general, it is important to remember that the goal of an MVP is not to build a perfect product, but rather to get customer feedback so that the product can be iterated upon and perfected over time.
