While an MVP can be a helpful tool for attracting investors, it is not always necessary. In some cases, a well-developed prototype may be enough to demonstrate the app’s potential and persuade investors to provide funding. However, there are also situations where an MVP can be essential.
For example, if the app requires significant investment to get off the ground, in that case, an MVP may be the only way to convince investors to provide the necessary capital. So, whether you need to develop an MVP to get funding will depend on your specific situation and the type of app you want to develop.