In the software development world, two terms that are often used to describe early-stage products are Minimum Viable Product (MVP) and Proof of Concept (PoC). While both terms refer to early-stage products, they have distinct differences in terms of their purpose, scope, and intended audience.
MVP
A Minimum Viable Product development, or MVP dev, is the development of a product that has the minimum set of features necessary to attract early adopters and validate a product idea. The main goal of an MVP is to test the product's feasibility and market fit by gathering feedback from early adopters and making necessary adjustments before investing further resources into the product. An MVP typically has a small set of features that are essential to the product's core functionality and is often released as soon as possible to gather feedback.