article thumbnail

Five principles for successfully managing managers

Lenny Rachitsky

billion in annual gross profit, expand globally, and build out a full suite of products across payments, banking, and SaaS. Through conversation, talent reviews, and direct experience leading large organizations, I’ve developed a few key principles to help new skip leads better understand and perform their role.

article thumbnail

How to build your product team from scratch, attract top product talent, go multi-product, and more | Rohini Pandhi (Mercury, Square)

Lenny Rachitsky

a basic bank, post office, or school in the metaphorical town), but the focus is on further building and experimenting. She’s also the co-founder of the startup bootcamp Transparent Collective and is an active angel investor. Town settlers: Operate in the growth stage of a product. City planners: Ideal for mature products.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Y Oslo 2024: When It Comes to Discovery, Something is Better Than Nothing

Product Talk

We covered how to manage messy opportunity solution trees , the most common challenges teams face when getting started with the discovery habits, what Im working on next, and so much more. Discovery is a team sport. I did classic web development before there were frameworks back in the ’90s. I hate definition wars.

article thumbnail

How Revolut trains world-class product managers: The “local CEO” model, raw intellect over experience, and a cultural obsession with building wow products | Dmitry Zlokazov (Head of Product)

Lenny Rachitsky

Scale through platform investment: Rather than custom solutions, Revolut builds scalable platforms that enable a team of 300 people to ship credit products monthly across 50 countries—a function that typically requires 2,000 to 3,000 employees at traditional banks.

article thumbnail

Unconventional product lessons from Binance, N26, Google, more | Mayur Kamat (CPO at N26, ex-Binance Head of Product)

Lenny Rachitsky

” Mayur literally moved his desk to whichever team had the biggest 10x upside—or downside—at that moment. Banking/financial products involve existential tradeoffs daily, requiring exceptional stakeholder management and decision-making skills. so no decision waited more than 24 hours. Fintech creates exceptional PMs.

article thumbnail

Software Bugs Are Expensive: How Session Replays Help You Spot and Fix Them Fast

Userpilot

Wasted time on bug reproduction and fixes The software development process is lengthy. If you're in an agile development environment, you must move quickly to build a stellar product. Unfortunately, 20% of software development teams report getting stuck during the debugging or software testing phase.

article thumbnail

9 Practical Strategies to Reduce App Churn [+ How to Measure Churn Rate]

Userpilot

No PM or app developer can avoid this completely, but you can create onboarding flows that shorten the time to value and convince your ideal users to stay. Userpilot’s AI-powered localization also empowers you to speak your users’ language without breaking the bank on human translators. Let’s explore some of these strategies: 1.