The first three years of the outburst and light-echo evolution of V838 Mon and the nature of its progenitor

V838 Mon has undergone one of the most mysterious stellar outbursts on record, with (a) a large amplitude (∆B∼10 mag) and multi-maxima photometric pattern, (b) a cool spectral type at maximum becoming cooler and cooler with time during the descent, until it reached the never-seen-before realm of L-type supergiants, never passing through optically thin or nebular stages, (c) the development of a spectacular, monotonically expanding light-echo in the circumstellar material, and (d) the identification of a massive and young B3V companion, unaffected by the outburst. In this talk we review the photometric and spectroscopic evolution during the first three full years of outburst, the light-echo development and infer the nature of the progenitor, which was brighter and hotter in quiescence than the B3V companion and with an inferred ZAMS mass of ∼65 M⊙.