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  • Why Is Building An MVP Essential To Raise Funds

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    Anvar Deen
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    Raising funding as a first-time entrepreneur is very difficult, especially at the idea stage when investors cannot tangibly experience the product or service. To increase the odds of raising funding, entrepreneurs should build a minimum viable product (MVP) that potential users can experience to validate the problem it aims to solve and demonstrate product-market fit. An MVP does not need to be a fully-fledged app, but can take simpler forms like a Twitter page, WhatsApp group, or landing page. With an MVP and proof of traction, entrepreneurs can more easily convince investors that their product is viable.

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    Why is Building an MVP Essential to Raise Funds

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    Raising funding as a first-time entrepreneur is very difficult, especially at the idea stage when investors cannot tangibly experience the product or service. To increase the odds of raising funding, entrepreneurs should build a minimum viable product (MVP) that potential users can experience to validate the problem it aims to solve and demonstrate product-market fit. An MVP does not need to be a fully-fledged app, but can take simpler forms like a Twitter page, WhatsApp group, or landing page. With an MVP and proof of traction, entrepreneurs can more easily convince investors that their product is viable.

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    3 views9 pages

    Why Is Building An MVP Essential To Raise Funds

    Uploaded by

    Anvar Deen
    Raising funding as a first-time entrepreneur is very difficult, especially at the idea stage when investors cannot tangibly experience the product or service. To increase the odds of raising funding, entrepreneurs should build a minimum viable product (MVP) that potential users can experience to validate the problem it aims to solve and demonstrate product-market fit. An MVP does not need to be a fully-fledged app, but can take simpler forms like a Twitter page, WhatsApp group, or landing page. With an MVP and proof of traction, entrepreneurs can more easily convince investors that their product is viable.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Download as pdf or txt
    of 9

    As a first-time and

    early/Idea-stage
    entrepreneur, what is
    your best bet to raise
    funding ?

    - Arvind Subramaniam
    Let’s get one thing
    straight. Raising
    funding at any stage
    is not easy.

    Let that sink in...

    KEEP SWIPING
    Now if you are not a serial
    entrepreneur or have any
    pedigree, fund raising
    becomes even more arduous,
    more so at the idea stage.

    In fact the odds drop down to


    zero!

    KEEP SWIPING
    Why is it difficult?

    Because VCs or any investor for


    that matter will not fund
    something they haven’t
    experienced tangibly.

    And without experiencing a


    product or service no one can
    predict if it solves the stated
    problem or is product market fit
    viable.
    KEEP SWIPING
    How do you increase the Odds ?

    3 magic words…Minimum Viable


    Product !

    Build an MVP that your audience


    can use/experience to solve the
    core intended problem.

    KEEP SWIPING
    How do you design an MVP ?

    1)List down your assumptions of your


    problem statement and
    design a solution that solves these
    assumptions

    2) Take it to market/put in front of the


    intended audience.

    3) Are your users validating your


    assumptions?
    Are they ready to start using your solution
    on a regular basis ?
    More importantly are they willing to pay for
    it ?

    KEEP SWIPING
    Does your MVP have to be an App?

    Your startup's MVP today can be:

    1. Twitter/Linkedin/Instagram page
    2. WhatsApp groups and
    communities
    3. Email newsletter
    4. Google sheet
    5. Landing page

    ONE MORE
    With Product Market Fit and
    traction, it is easy to convince
    Investors about the viability
    of your product.

    KEEP SWIPING
    Ready to turn your idea into a success
    story? Start your 100 Days of MVP
    journey now!

    Book a your slot for free now

    TALK TO US

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