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“Make something people want.’ That’s the fundamental problem. If you die, it’s probably because you didn’t make something people wanted.”
Paul Graham, Investor, Co-Founder of Y-Combinator
It might sound too obvious, but the reason we reiterate it is that today many products are built that don’t intend to solve any of the actual world problems. Product may have great features but those features not always address a problem. These products are most likely to fail the day when customers realize that they don’t add any particular value to their lives. Which is why building a Minimum Viable Product (“MVP”) is important. MVP is essentially a technique in which a new product or website is developed with sufficient features to satisfy early adopters.