#116 How Product Ideation Can Drastically Reduce Your Startup Development Costs (With Rich Cristina)

🛑 Stop Building! Seriously STOP and shift your focus to product ideation and save thousands on development cost 😯... "Are you solving the right problem that customers will pay for and fall in love with? 🤔" 42% of startups fail because of a lack of market need. By that point, many of them would have wasted a considerable amount of money developing their platform. Let's talk to Rich Cristina, a startup guru, serial entrepreneur, Founder Institute London Director and the co-founder of MentorLabs. 00:00 - "Build it and they will come... I think" 03:00 - What is MentorLabs? 11:40 - Investment: Are You Truly Ready? Rich says hold your horses 16:20 - The funding landscape took a downturn 18:47 - The struggles of technical founders when validating products 22:53 - Tips on how to improve product ideation and validation 24:30 - Avoid family and friends when validating your ideas 25:37 - Finding over 200 people to validate your product 41:00 - When a startup guru build a startup - sink or swim? 45:30 - One mistake that Rich made that other founders should watch out for 47:20 - Rich's Proudest Moment 51:00 - B2B Brilliance: Product Ideation & Market Fit 58:10 - Try out MentorLabs ⭐⭐⭐⭐⭐ Like the show! Help us fight the algorithm war. Leave us a review! LIKE, SUBSCRIBE and SHARE! 🎤🎤🎤 Book Naily to LIGHT UP your events - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://foxly.me/naily-makangu⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ MORE FREE RESOURCES: ⚡ Join our monthly FREE 1-1 Tech/Product Mentoring sessions - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://foxly.me/1-1FreeTechMentoringSP⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠💻 More BITE-SIZED video tips - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://bit.ly/PodcastAthenaLeaders⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠💥 Check out our Tech and Product Catalyst 👉 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://foxly.me/TechProductCatalyst⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 📈 For any brand deals, collaborations, email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠[email protected]⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 🚨 About our guest - Rich Cristina 🚨 Rich is deeply passionate about startups and collaborating with founders to transform their dreams of launching a thriving company into reality. His expertise lies in contributing significant value to ideation, product development, and go-to-market strategies. As the Principal Director of the Founder Institute London, the world's largest accelerator, Rich played a pivotal role in aiding the launch of hundreds of tech startups over the past five years, many of which have successfully secured funding. In his most recent venture, he co-founded MentorLabs, an on-demand mentoring platform tailored for startups. http://www.mentorlabs.tech 🚨 About our host - Naily Makangu 🚨Software Engineer turned “The Mary Poppins of Startups”, Naily Makangu has a gift for bridging the gap between tech teams and the rest of the business to deliver solutions that customers love. With over ten years of experience, Naily has a proven track record of turning around struggling technical projects and organisations, leading complex software projects and launching products, for pre-seed startups, scaleups to large corporations such as Siemens Industry Software. Investors can count on Naily to keep their startups teams on track, reducing the need to breathe down their necks. 👋 Don't be shy! Drop Naily Makangu a line to say hello :➡ DM ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.linkedin.com/in/nailymakangu/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠➡ DM ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.instagram.com/nailymak/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠➡ 📞 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://foxly.me/TalkToAthenaLeaders⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠➡ 🌐 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.athenaleaders.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ #startups #entrepreneurs #startupgrowth #scaleyourstartup #startupsuccess #startups #leadership #preseed #seed #seriesA #nontechfounders #non-tech #productdevelopment #collaboration #direction #productroadmap #startupstories #startuplife #vcs #angelinvestors #investors #tech #remoteworking #hybridworking #athenaleadership #management #bootstrapping #leanstartup #athenaleaders #athena #leaders #naily #makangu