Now that the industry is starting to mature, there are a few trends that everyone involved should seek to understand in the London Startup Ecosystem. In general, product managers tend to focus on their MVP with no idea of scalability.
With over 40 million monthly users, Uber’s journey has been spectacular. So much so, that other startups now aim to be the next ‘Uber’ of the industry they cater to.
We at Innovify understand how difficult it may be to do both simultaneously. We believe in a great team that supports you throughout the journey, and we are here to do just that! With Innovify you get the exposure of experienced product managers & architects who have experience in enterprises and growth startups.
The Minimum Viable Product (MVP) is a product which has just enough functionality to validate the underlying assumptions, test and learn about the target market and plan for the next evolutionary functionality for its continued development. Incidentally, most founders build MVP as if it were a prototype or a full-blown product and fail to find the right balance between the two.
Many of you may know what a minimum viable product (MVP) is. It’s a powerful basic model that explains what your product does and why prospects should buy it. So in a way, MVP teaches you how to build good, sustainable products.
When we first met Fred, the founder of Brickowner, we could feel his passion and ambitions to be the market leader for property crowdfunding. He had a great idea, highly experienced partners, and a very aggressive plan to grow and fund raise. They were also working with UI/UX and branding agencies.
Anyone who has talked to me in the last four months has heard me, at some point in the conversation, rant about the All-In-One platform trap. The trap is simple: there are lots of platforms out there with related services and/or products and our startup is going to centralise all of these into a single wildly successful platform.
Having understood the struggle that a startup faces, Innovify has pointed out 6 most common mistakes that entrepreneurs can avoid making to ensure a successful business.
A well-established corporate has experience ranging from a few year to decades that germinate from within the foundation of a tiny business venture. While a corporate thrives on its experience to chart a new route for entrepreneurial success, a startup would look for alternative, pathbreaking and disruptive ways to climb the ladder. Startups do things differntly. Their way of defining vision, goals, marketing objectives is thoroughly offbeat and that’s what sets them heading towards the pinnacle of success.