This doesn't work so well for video games. Reviews come out saying its thin on content with a score to match and can kill a game before its had a chance to expand.
Developers have started trying to do this more often lately with mixed results, DICE and Blizzard are high profile examples of this.
Blizzards latest World of Warcraft expansion was heavily criticized for the lack of content on release day and has yet to shake the bad blood even after two big content patches.
DICE tried this with Star Wars Battlefront but couldn't keep fans long enough with the limited maps it released with.
Then they just kept releasing every week for 7 years, and now you have people building CPUs and explaining Apache Kafka with it.
Ostriv is another recent game that comes to mind as having a similar development cycle. Also many F2P MMOs - most of the non-Blizzard online games I know do regular releases that frequently change the game mechanics (often, to a big player uproar) but still keep their userbase. Fortnight and Pokemon Go are two big ones here.
Lots of games come out in early beta now and raise money through sales as they are developed. It is a better model than crowdfunding for games, because you start from a demonstration of competence in game development and you (usually) have direct view into the development process.
While we're on the topic of Factorio, I find that even from a Factorio player's perspective, the OP is good advice. I've wasted so much time trying to build the perfect base and starting over after building myself into a corner, when really I should have just built something that works "right now" and make iterative improvements over time.
Not just videogames, it's also a terrible strategy for something like self-driving cars or medicine, where "Move fast & break things" ends up breaking people.
You are right, but the situations with wow and battlefront are a bit more complex than that. Wow was more due to unfun mechanics and poor reward systems than lack of content (though that was a factor). Also battlefront had a size-able protest due to pricing disagreements. Both of which are dependent on community so as it diminishes it rolls downhill fast.
I'm trying it with my indie game. We'll see it works, but I realized Danger World (https://danger.world) at the end of January this year, and multiplayer is still under active development.
