Many startups fail because they are resolving a problem that doesn‘t exist. For that reason, before even spending a ton of time or resources, I wonder what are the best methods to validate the attractiveness of an idea and to see if there is a need on the market.
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Good MVPs are not always stripped-down versions of your final product. Often they are manual versions of your final application. For example: perhaps you are offering some kind of online financial analysis. Your MVP might be a spreadsheet or paper-and-pencil version of that analysis that you offer over the phone.
I like the model idae --> value proposition --> business model. The purpose of the MVP is to test (and possibly improve) your value proposition, not test the feasibility of your technical solution.
Lean startup, the business model canvas, MVPs and other startup concepts are getting a lot of attention. They work best when the right tool is used in the right way for the right purpose.
You're completely right, Manoj. Hoping that when you put idea A with idea B is going to yield a great idea C isn't necessarily the best choice of action.
My recommendation is do your homework on the market in a way where you actually talk to your potential clients. Find out what they need. Or, as I like to call it, idea extract.
Get so good at diving deep into their pains - and not just the ones they give you on the surface - but like what actually might give them a headache to deal with each day.
I think you'll find your answer there.