Too Long; Didn't Read
MVP means minimum viable product and it is a way to get the most knowledge about the target of a product with the least effort possible. MVP is the bare minimum you can put together to deliver the value from your product to the customer and make him pay. This is better understood with examples, here are 3 stories that I know of that will make the concept clearer. The MVP is not a P, but it is the next step, if you want to know what you are trying to sell there is the feasibility of the project. On the examples above was always money changing hands, but that is the key.