Glossary

MVP

An MVP (Minimum Viable Product) is a basic solution created to validate a business model and find out whether people are willing to pay for a product or service that meets their needs.

Feb 8, 2025alejandro-gonzalezredwood-ventures

‍What is an MVP (Minimum Viable Product)?‍

An MVP (Minimum Viable Product) is a basic solution created to validate a business model and find out whether people are willing to pay for a product or service that meets their needs.

An MVP is not designed to scale, but rather to validate demand on an individual or small scale. No-code solutions are often used to create an MVP.

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Startup

A startup is an innovative company designed to grow exponentially and scale across multiple markets. In its early stages, it will face considerable uncertainty about the ideal product and business model to support that growth and scalability.

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Accelerator and incubator

A business accelerator helps other companies grow in their early stages. An incubator, on the other hand, supports projects at the idea stage and helps them turn that idea into a product.

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Annual Recurring Revenue

Annual Recurring Revenue, or ARR, means annual recurring revenue. It is the total amount of predictable, recurring revenue a startup generates from its customers each year.