The year 2015 saw $124 billion in startup funding, a healthy 34% growth compared to 2014, and this year too, the growth story continues. However, looking at the other side of this coin, one notices that the startup failure rate is at an all-time high, with 9 out of 10 startups failing in their initial stages.
What's more intriguing is that according to a survey by CB Insights, the number one reason for a product failure was the lack of a market need.
Here is where a lean approach can help; entering the market with a Minimum Viable Product (MVP) increases the chance of success for your business, as it helps in validating the idea at a fraction of the cost and time, one would have invested going in for a complete application.
Grab your copy of the eBook 'From Backyard Idea to Successful MVP Development' and know the key considerations in building an MVP followed by the best practices in creating the MVP, using real life case study examples.