An MVP is about Smart Learning  by Danny Ackerman on Aug 24,
2013 |  A minimum viable product (MVP) is not about creating a
smaller or cheaper product, but how to start the learning
process and test the business model. In his article, An MVP is
not a Cheaper Product, It’s about Smart Learning, Steve Blank
gives an anecdotal example of a small Stanford startup making
the mistake of confusing the goal of the MVP with the need to
build an expensive prototype.  Their plan was to be a data
service provider in an emerging business called “precision
agriculture.” They would go out to a farmer fields on a weekly
basis, fly the drones, collect and process the data and then
give it to the farmers in an easy understandable form.  The team
did their research and discovery and the feedback they gathered
did confirm that farmers would theoretically see a value in the
data this project could offer. The team then laid out their next
steps: raise money to build an MVP, as Steve explains:  They
believed that the MVP needed to,