What 99% of Startups Get Wrong About Trust | Akhil Nigam | Finmo

In this episode, Shamil Malachiyev interviews Akhil Nigam, co-founder and chief product officer of Finmo, a FinTech platform focused on global treasury management. They discuss the dynamics of co-founding teams, the importance of product management, and the lessons learned from building a startup. Akhil shares insights on navigating co-founder relationships, the significance of customer feedback, and the role of AI in business. He emphasizes the need for trust in financial technology and offers advice for founders in a rapidly changing landscape.Chapters00:00 Introduction to FinMotech and Akhil Nigam02:55 The Journey of Co-Founding FinMotech06:21 The Dynamics of Co-Founding Teams08:45 Navigating Challenges in Co-Founding Relationships13:27 Understanding Product Management vs Project Management18:49 The Importance of Problem Validation in Product Development24:35 Experiences from Working in Large Corporations27:53 Transformational Moments in Startup Life29:00 Building a Culture of Accountability and Transparency31:56 Embracing Mistakes in Leadership34:03 The Importance of Strategic Vision36:13 Navigating Early Operational Challenges42:02 The Value of Customer Feedback47:44 Adapting to the AI Era53:39 Building Trust in Financial Technology55:31 The Power of Relationships for Founders🎧 Listen on Spotify & Apple Podcast: https://lnk.to/founderscode👇 CONNECT WITH AKHILAkhil Nigam ► https://www.linkedin.com/in/akhilnigam562Finmo ► https://finmo.net/👇 CONNECT WITH SHAMILShamil Malachiyev ► https://www.linkedin.com/in/shamilmalachiyevFluidLabs & Founder`s Code ► https://fluidlabs.tech/