Lenny's Podcast · May 22Unconventional product lessons from Binance, N26, Google, more | Mayur Kamat (CPO at N26)
Mayur is CPO. It was the first mobile bank and ranked top five for producing strong PMs. It built an experimentation culture with Statsig and went from a bank account with a card to savings and lending within about 18 months, hedging against interest rate swings.
Tips
- Build an experimentation culture so product becomes a science▶ 48:48At Binance, overall conversion fell because Bitcoin crashed, but the variant versus control comparison showed the product changes were still winning.
- Build naturally hedged product portfolios that offset macro swings▶ 54:50N26 went from a bank with a card to a portfolio including lending and savings within about a year and a half.
