Do you trust more and ICO if they present a Minimum Product even if it has bugs? Do you look a the code repository before investing or you just look at ratings? You should not invest blindly!
Well it has no product than I wouldn't care about it too much, it doesn't have to have the product ready but at least some sort of proof that they can do what they are promising. I mean at least give us something to look at to know what type of thing you are doing. Would you invest into a house that is not built without even seeing a picture of what it will be like? I mean when buying a house is it too much to ask for a picture of what it will be like? I am not even talking about a model, just a picture.
Same thing here, if you want us to trust you and give you our money than even if the house is not there at least give us the picture of what we will have when its all funded. MVP is obviously a plus point but a bare minimum would be more than enough to know if I want to invest in it or not.