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Minimum Viable Company
Very interesting read on a VC opinion regarding when to scale a company. Having a Minimum Viable Company (e.g: Product Market Fit) requires all three of a good Value Proposition, a product that satisfies the Ecosystem Demands and a Business Model that generates revenues to sustain the business. It is then that it makes sense to start scaling the company.
https://techcrunch.com/2020/01/31/you-need-a-minimum-viable-company-not-a-minimum-viable-product-2/
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1 Reply
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Thanks for the share, Ignasi. It’s a great illustration of the principle that you need to build a company, not a product. We have many resources on that point across our courses, with quotes from legendary investors and even HBO Silicon Valley’s Peter Gregory.