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Founders Fired Up, On Essentials Of Product Development, By Mentors, As Founder Institute’s Lagos First Cohort Enters 9th Week

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“At the heart of every product person, there’s a desire, to make someone’s life easier, or, simpler. If we listen to the customer and give them what they need, they’ll reciprocate, with love and loyalty to your brand.” – Francis Brown, Product Development Manager at Alaska Airlines.

It was another mind-blowing experience, at the 9th week of the first cohort of Founder Institute, Lagos, held at the premises of GoDoHub at 53, Oladipo Bateye Street, GRA, Ikeja.

This week’s session, saw mentors showing the Founders, the essentials of, how to go about their product development and the best methods to apply.

Mentors for the day were, Bayo Adedeji, Chief Commercial Officer, (CCO) and Head of Transformation at Wakanow; David Olaniyan, Software Entrepreneur / Product Development Expert and CEO, Startup Builder and Simeon Ononobi, Co-Founder, ThankUCash.

After a brief opening speech and introduction of the mentors, by Wande Adelemo, one of the FI Lagos Directors, the Founders were, each, called out for a 3-minute pitch.

A cross-section of the founders at Founder Institute, Lagos

Mentors grilled the Founders and pointed out to them, how and where they needed to improve on their businesses.

The first Mentor to speak was, Bayo Adedeji, CCO and Head of Transformation at Wakanow, who talked about the one-way door and the two-way door code when it comes to product development.

“The one-way door is, a straight road and you can’t afford mistakes, when you tow this path, while the two-way door, offers you the opportunity, to still go back and get your strategies right when going forward is not getting favorable”, Bayo explained.

The second Mentor to speak was, David Olaniyan, CEO, Startup Builder, who talked on how to go about product development.

To explain his point clearly, he used the acronyms M.V.P, which, in this case, stands for, Minimum Viable Product.

“For you, to develop your products, you need to first work on getting your MVP right, by defining it, developing it and finally, launching it”, David stressed.

Simeon Ononobi, Co-Founder, Thank U Cash, was the last Mentor to speak. He started by sharing his own personal experience and how he had failed, a couple of times, before he, finally, got it right.

At the end of the session, the Founders were left, more informed, as the mentors did justice, explaining to the Founders, how to go about Product Development.

Featured Image: Oluwarotimi Fasuyi, CEO, VasDigiMobility; Simeon Ononobi, Co-Founder, Thank U Cash; Ifedy Eze, Co-founder, Maisematrix Consulting; Bayo Adedeji, CCO & Head of Transformation at Wakanow; David Olaniyan, Software Entrepreneur & CEO, Startup Builder; Chukwuemeka Fred Agbata Jnr. “CFA”, Co-founder, & Presenter, Tech Trends on Channels TV;

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