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Building Your Minimum Viable Product (MVP) and Startup as a Technical Founder

Building Your Minimum Viable Product (MVP) and Startup as a Technical Founder

My talk at Devfest Lagos 2023 about the unspoken truth about Building Your Minimum Viable Product (MVP) and Startup as a Technical Founder.

Goodness Kayode

December 06, 2023
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Transcript

  1. - The question we will be answering at the end

    of this presentation is how to build a product that solves a problem for a set of people and makes you money. It is also important to note that there is no true or perfect roadmap to building your MVP or Startup but there are guidance to increase your chances.
  2. - MVP fully known as Minimum viable product is a

    product with minimal but enough features to attract early-adopter customers and validate an idea early.
  3. What is a Startup? 1. You have a startup when

    you decide to turn your MVP into a business. 2. Startups are rooted in innovation or indie-hacking. 3. Startups aim to remedy deficiencies or problems of existing products or create entirely new categories of goods and services
  4. - Developers are born builders. We get pushed to solve

    problems around us and then at some point get triggered to turn it into a business. But as technical individuals (developers, designers) we can get blinded to engineering, design or other things over other critical things while building a startup. This mostly applies to technical solo founders more.
  5. What we focus on 1. Engineering (Tech Stack) 2. Design

    (User Interface / User experience)
  6. True champions emerge victorious by: - embracing the wisdom of

    others, - adapting to their unique circumstances, - and choosing the optimal course of action.
  7. Important Guides while turning your MVP to a Startup •

    It is okay to make mistakes • Leverage on Community • Your numbers are much more important than your tech stack • Don’t be afraid to charge for your product • If you can get a co-founder (you have worked with) that compliments your weakness that would be great. • Always share what you are building.(Build in Public)
  8. Important Guides while turning your MVP to a Startup •

    Building a team for your vision is hard. Understanding your business’ need and knowing whether an experienced person would be the best to solve it, helps especially for major functions. • Building a great product happens in stages; enable your customers to grow with your product. • You will always have competitions even similar businesses will be built after you have started. Don’t be distracted.
  9. YC Startup School From the renowned Y Combinator, an online

    program nurturing startup growth with valuable insights, advice, and a strong community.
  10. Indie Hacker A platform for independent entrepreneurs, offering insights, community

    support, and real stories of successful bootstrapped startups.
  11. Likely Questions You Might Want To Ask 1. When is

    the right time to move on or exit my Startup? 2. Is it advisable to quit my main job in order to concentrate on my startup?