When venturing into the startup world, terms like Proof of Concept (PoC), prototype, and Minimum Viable Product (MVP) are more than just buzzwords. In fact, they are the essential building blocks of any successful digital product. More than 70% of projects fail in the product development stage. Therefore, grasping these key concepts is vital in […]
Statistics reveal that a significant proportion of Startups, up to 90%, face failure. Approximately 10% of these Startups cease operations within their inaugural year, while a staggering 70% do not endure beyond their second to fifth years. The primary factors contributing to this high rate of failure include: Creating a Minimum Viable Product (MVP) proves to be […]