Insight certainty 4/5 debate potential 3/5

Moore: A software product does not need to exist to be sold

Dan Moore · VaporWare Charges $25k to Build SaaS MVP, $1.2m 2019 Revenue · Sep 12, 2020 · at 9:25

Dan Moore, CEO of product agency Vaporware, discusses customer validation and why lean MVPs should focus on testing problems rather than full product builds.

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“To sell a product it doesn't have to exist. So we're not building something that doesn't exist. We're building something that tests a specific problem.”

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More from Dan Moore

Insight
Moore: Product managers do not need specific industry backgrounds to succeed
“They don't have to have a background in the industry itself, so we do a lot of different B to B industry work. And you know, that helps you cut some of the research time down, but most of our clients bring that to us as opposed to us having to do that research…”
Dan Moore Sep 12, 2020 ▶ 7:17 VaporWare Charges $25k to Build SaaS MVP, $1.2m 2019 Revenue
Insight
Moore: MVPs should test one specific hypothesis, not build infinitely scalable code
“The goal of the MVP is always to learn one specific thing. So with that specific learning of here's the one thing that we're testing out here's the one thing we want to know, it's not necessarily this graceful handoff that scales into infinity. It's a very qui…”
Dan Moore Sep 12, 2020 ▶ 8:45 VaporWare Charges $25k to Build SaaS MVP, $1.2m 2019 Revenue
Insight
Moore recommends MVP pod ratio of half PM, one designer, two developers
“I would suggest one product manager. And we actually split that. So that's myself between the two pods. But then one designer on a pod and then two developers. So it's kind of half product manager twice as much of that on design and twice as much of that on de…”
Dan Moore Sep 12, 2020 ▶ 4:11 VaporWare Charges $25k to Build SaaS MVP, $1.2m 2019 Revenue
Disclosure
Moore: Vaporware charges $25k for early MVPs, $100k+ for mature businesses
“Typically like brand new, getting the market, doing some manual MVPs or lean customer development, like you're talking in 25 K kind of thing all the way up to existing businesses that have done this a lot and are willing to invest a lot more, kind of have more…”
Dan Moore Sep 12, 2020 ▶ 3:08 VaporWare Charges $25k to Build SaaS MVP, $1.2m 2019 Revenue
Assertion Not checkable as stated
Moore: Vaporware generated $1.2M in 2019 revenue with eight employees
“So we were at eight last year did about 1.2 million.”
Dan Moore Sep 12, 2020 ▶ 12:04 VaporWare Charges $25k to Build SaaS MVP, $1.2m 2019 Revenue
Assertion Supported
Moore: Experienced US product manager salaries start around $150k
“Probably where I'm sitting like we've gotten job offers from previous clients and stuff like that. I mean, you're looking at starting around a 150 K for that level of experience for a product manager.”
Dan Moore Sep 12, 2020 ▶ 5:19 VaporWare Charges $25k to Build SaaS MVP, $1.2m 2019 Revenue
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