# Minimum Viable Product

*Startups & Venture Capital — Finicade finance glossary*

An MVP is the smallest thing you can build that tests whether the core assumption is true. The word doing the work is viable: it must deliver enough value that customer behaviour towards it is informative. The common failure is building a small version of the full product instead of a targeted test of the riskiest assumption, which takes just as long and answers nothing.

**Also known as:** MVP, minimum viable product

**Related terms:** [Product-Market Fit](https://finicade.com/glossary/product-market-fit), [Pivot](https://finicade.com/glossary/pivot), [Pre-Seed](https://finicade.com/glossary/pre-seed), [Accelerator](https://finicade.com/glossary/accelerator), [Runway](https://finicade.com/glossary/runway)

Source: https://finicade.com/glossary/minimum-viable-product