I really like the idea of focussing on the bare necessities when it comes to creating new products.

The best products are those which are simple and uncluttered, offering only the features that the customer really wants and actually ends up using.

An organization that embraces simplicity as a core element of the user experience will become a successful software product company.

Whenever there is discussion about whether or not to introduce a new feature or additional requirement, ask yourself first if this new functionality is absolutely critical to the success of the product.

If your answer is no, then discard this crazy idea and return your focus to what really matters.

Reference:
Agile Product Management with Scrum by Roman Pichler