Yes, MVPs (Minimum Viable Products) are essential for startups. An MVP is an initial version of a product with the core features and capabilities required to succeed.
It helps businesses identify user needs, refine their product or service, and test out ideas with minimal investment in time and resources. This allows them to launch quickly while also minimizing risk.
Additionally, an MVP can act as a proof of concept, attracting potential investors or partners without fully committing resources until the idea is proven viable.