Transcript

This CPO regrets that product management exists | Tom Verrilli (CPO of Whatnot)

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0:00 As tech companies scaled, somewhere along the line, this HR ratio of a pod popped into being. Every time you hire six engineers, you add a designer, you add a PM. Hiring so many PMs infantiles the engineers and the designers who are perfectly capable of making good decisions, but just never had to, because there was always a PM to babysit them. Something that you wrote online that Surprised a lot of people and what not product team was built on the somewhat simple premise. We regret that product management exists. Not a thing you probably hear from a lot of CPOs. We articulate it that way to force ourselves to remember that you don't hire a PM just for the sake of hiring one, you hire one with this really specific need. It is better to not assume we need a PM in every place. The only argument for why you would want product management to be a specialist function is really. It's a trade, not a qualification. It's something you get good at by doing. It's a muscle, but the flip side of that is the more you abstract your engineers and your designers from doing the same thing, their muscle gets underdeveloped. They also wrote this brutal quote in the last two years, thirty-one thousand eight hundred thirty two people applied. To be a product manager and whatnot, we hired one. What does he look for in the folks that you hire? I can tell you what's definitely trending down. Folks who spent a lot of their time in their interviews talking about driving alignment and stakeholder management because there's definitely a group of PMs whose specialty wasn't technical, it was politics.

1:18 You're very excited about this move to IC work. PM's moving away from this big org management world. If you were really successful as a PM, you got promoted into being a director. We took all of our A players and then promoted them out of doing things. Why wouldn't you want Messi playing for your team rather than trying to have the Academy coming along all the time? Today my guest is Tom Virilli. Thomas Chief Product Officer at Whatnot. Former longtime chief product officer at Twitch. And former director of product growth at Twitter.

1:46 He's also someone I've been wanting to get on this podcast for so long. Tom has a lot of hot takes. and really unique and important insights on the future of the product role. What he's seeing the best PMs doing differently these days. And what he's looking for when he's hiring product people for his team now. If you're not familiar with WhatNot, it's a livestream shopping platform, it's the fastest growing US marketplace business of all time.

2:08 At one point Tom shares how he bought a fresh lobster from a fisherman on the platform. Before we get into it, don't forget to check out Lenny'sProductPass.com for a free year of the hottest and most beautifully crafted AI products in the world, available exclusively to Lenny's newsletter subscribers. With that, I bring you Tom Virilli. Tom, thank you so much.

2:31 for being here and welcome to the podcast. Thank you so much, dude. It feels kinda surreal after years of watching. Mm. I hear that. I hear that when people come on the podcast. Here you go. That's right. Um, I wanna start with something that

2:47 You wrote online. that surprised a lot of people and I think will surprise a lot of people uh Coming from a longtime chief product officer, long time product builder, someone that's built a lot of very successful products and teams. What you wrote is Since its earliest inception, the what not product team has built was built on the somewhat simple premise.

3:07 We regret that product management exists. Yes, sir. Not a thing you probably hear from a lot of CPOs. No. Talk about why

3:15 You feel this way, talk about how you got to this place, talk about what this means. Sure. I mean I always try and start with like history in order to understand kind of things.

3:25 And one of the things When you come to product management is if you go all the way back. Like product management didn't exist. Right. It was like the business and you know, very often founder or CEO types.

3:35 Talking directly to engineering and design about what we needed to build. And then executing it together. And You know. Internet businesses, it turns out, scaled a lot faster than any other businesses in history.

3:47 And so at some point scale meant Delegating the specifics of execution to somebody. Or trusting somebody else to work out what comes next because there's just too many things on. For somebody to sit with.

3:58 But If you think about most startups or you think about how that evolution worked, that was really a specialist role where somebody was working it out. It was usually You said less things to the engineer. where you had to describe in less detail what you were trying to get done to a to a designer because They understood or they'd they'd been involved.

4:15 And this idea that we need this kind of specialist decision making class Of humans in tech? is really a more modern function. Uh than it is a like pure necessity. You know, the way I would think about it and the way that Whatnot is always treated is like

4:29 It would actually be way better if engineering and design had the context that they needed to just make Great. decisions there if they were so in touch with users and what they needed that they could kind of make the same decisions that a product manager is. The only argument as far as uh I'm aware for why you would want product management to be a specialist function.

4:48 Is really It's a trade, not a qualification. And and what I mean by that is it's something you get good at by doing. It's a muscle, for want of a better term. And as every private trainer has ever told me, muscles are built by reps.

5:01 And so the more you do it, the better you get at it. But the the flip side of that is the more you abstract your engineers and your designers from doing the same thing, their muscle gets underdeveloped. And so I think product management plays a really important role. And I think

5:15 You know? You can deploy product management to have a really important leverage. on particular things that need to go really well. Um and in a lot of ways doing that lets design and engineering be the best they can be at their craft.

5:27 In those situations. But wherever possible, it's kind of optimal to not have a product manager. Uh and instead have design and engineering going through those. those kind of steps and making sure that their muscles Are well ripped.

5:39 Do you feel like product management was Very helpful. early on and was important and then it kind of went through a period of wow, there's way too many PMs that are not that amazing. And now there's kind of this coming back to okay, what is actually an amazing PM and maybe we need fewer of them? Yeah.

5:55 Uh the funny thing is I think if you talk to most engineers or even designers They will remember the great PMs that they've worked with. Mostly because they've worked with so many bad ones. Uh, and I don't mean that as a disheartening pejorative for folks, but I think it's more

6:09 You know. If you're being kind of really clearly self critical as a function. Does the average PM add a ton of value? Two folks around them. in the way that having really high quality product management can you know

6:22 disseminate clarity and absorb ambiguity in the ways that they can, or like help people make really timely decisions. And I think a lot of it is this function of like as tech companies scaled and we ended up hiring so many engineers. Somewhere along the line Um and I don't want to pin it on like HR, but somewhere along the line there's kind of HR ratio of like a pod. popped into being.

6:42 You know, every time you hire six engineers, you add a designer, you add a PM, you add an EM and the and the you know, the nucleus. Exists. And then when you're now serving billion DAU products, you a lot of engineers And so now all of a sudden you've got a lot of product managers.

6:57 And in most cases, you probably don't need APM for notifications infrastructure. Right. Engineers are perfectly capable of understanding how that works. And in a lot of ways, you know. As we just described, hiring so many PMs infantilizers.

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8:27 Go to workOS dot com to make your app Enterprise ready today. Uh something that I find people run into eventually when they think this way that I wanna get your take on is Engineers and designers don't necessarily want to be doing the work of a PM because a lot of the work of a PM is kind of annoying and not fun. And you know, there's the glamour part, like making this. Yes, exactly. How do you think about that, just like Over especially as the company scales, engineers having to be in alignment meetings, having to write docs, aligning everyone

8:56 And I'm taking note you know, all these like kind of minutiae part of PM. And also just the big Like they also want to you know, engineers wanna build, engineers wanna code, designers want to design. How do you think about that element of

9:07 They may not actually want to be doing that work. I think this is where like specialization works both ways, right? It is useful to have folks who are well honed in making decisions. It's totally reasonable as well for someone to say, listen, Uh. I'm an infrastructure lead and I wanna think a lot about scale and I do not want to have to spend my time debating

9:23 you know, alignment or getting those by new shit right. And certain skill sets don't necessarily translate super well, right? If you're really good at building big mental models in your head of how infrastructure should scale. You may not have the skill set of listening to a customer and actually understanding the core problem as opposed to the thing that they said, which again, just a thing that we've built over time. So

9:41 Uh my supposition of we regret isn't to say that we don't want product management to do this. We recognize in those situations that you do. Need to kind of Help other functions specialize. But I think it's

9:53 We we articulate it that way to kind of force ourselves to remember that you don't hire a PM just for the sake of hiring one, you hire one with this really specific need. And I think what goes with it, Lenny, is like you have to build the culture of the organization around that. So for example When we say you know, we regret product management exists.

10:12 Uh, every time we write documents about how we ship or what we're doing. We're very kind of clear. That anyone can bring you know, change forward that we can have DRIs of new product development that is an engineer or is a designer. But that everybody goes through that same level of function of like.

10:27 You've got to go through product review. You've got to actually do the work because it is real work. And if people don't want to do that, if they kinda want to Do something else, we can always move. Product management around. And so rather than mapping PMs to teams.

10:40 Where you kind of assume that the PM will always do that. We tend to map them to kind of problems. Or kind of like core projects. And that means that there will be a year more where there isn't a PM attached to a particular engineering team, even though there's lots of ongoing product work. To do.

10:54 What I love about this is we often hear Uh People at like Ng oriented product talk like this. Uh like developer tools where we don't need PMs. Why do we need PMs?

11:04 Uh, and it's often comes from companies like Linear and I don't know throughout like companies that are building developer tools. Where you could see why engineers Are enough. And so it's really Interesting to hear from your perspective because you've built very consumery products. Very, very consumer products that require what you think.

11:20 Are very strong PM skills. So it it means a lot, this even more so coming from you that You find that PMs aren't as necessary as People may think in building something great. Yeah, I think there was like two parts that that drove it.

11:33 Um and I've certainly like A lot of what I'm kind of talking about here are things that I've definitely learned over time, you know. I I spent seven years at Twitch. prior to time or whatnot and that was very Amazon two pizza team. You know, ratio driven. I I started in the valley of Twitter and that was similarly very like

11:48 you always had this kind of very tight alignment. And there was God, there was a lot of alignment meetings, so you can imagine why engineers didn't want to be in them. And it's kind of evolved over time to understand that like Actually a lot of that is just a function of like management not being able to see what's going on. And so you you hire more folks and you build more layers and your systems beget systems.

12:08 And and I think What's really changing is people are realizing that like It's not true anymore that the only way to get leverage is just to hire more PMs underneath you and and be more senior?

12:19 That you know, we've got a better understanding of what's happening in businesses now. it's easier to kind of like converse directly with the code base and talk to engineers than it ever has been. And so you don't actually have to get into this like all scale thing and I don't really think consumer or enterprise is the cutting point anymore. I think it's more kind of the culture of the organization itself.

12:38 How much of this shift in your mind is AI driven? Because AI now enables non PMs to do PME work. And how much of it was like pre And then I want to talk about just what this actually looks like in your team, but let me ask that question first. I don't think it's explicitly because of AI. But I do think AI makes it a lot easier.

12:56 I think it's two things. I think Uh AI certainly means that there's an enormous amount of leverage for an IC. No? I don't know how much other people feel this, but I was talking to a couple of our senior leads the other day and we feel that we're so capable of doing things now with AI that you almost feel a bunch of pressure over the stuff you're not doing.

13:13 Because you know that if you carved out a couple more hours you could You could move a lot of stuff. Um It's certainly easier to move fast with AI tooling if you've got well honed judgment. You know, you can call

13:24 data now on a hex thread. That is basically what it would take a week, two weeks. with an Amazon L seven, you know, um data scientist in twenty seventeen. And so If you're empowered.

13:35 And have good judgment. you can basically make really quick decisions and just kinda keep people moving, which is extraordinary. But more than just AI, I think it's also A lot of those kind of like ratio. You know, like kind of pushes. Also came with a bunch of other cultural pushes like

13:49 you know, hire great people and get out of their way, bottoms up road maps and and all of those pieces where I think there's been a bit of a cultural shift in tech. over the last little while, which is like Actually top down's pretty good. Because folks at the top. Generally speaking.

14:02 can make quick decisions and remove all of this alignment debate. They have probably more macro context than most folks. And assuming that they are genuinely in touch with ground truth. And are good enough. it's actually a really efficient model to be able to kind of have senior leadership involved in a lot of those decisions.

14:19 Which means you it's not just the tooling that makes them efficient, but you can have one very C U PM across more things and they can be more efficient than having, you know, three relatively entry level PMs. But certainly AI makes all of that a lot easier again.

14:34 So just to kind of coming back to the broad premise, which I think is very important to c clarify. Uh this point about uh regretting product management exists. isn't saying we don't want or think PMs are useful. It's that Uh it is better to not assume we need a PM in every place and

14:50 uh it is great to uh enable other functions to do the PM work. Uh And also just PMs kind of take away the reps from people being able to do the things that PMs do and If they can do that work, they can actually Execute better, you build better products, yeah. I think it's also better for PMs to not be mapped specifically to a team.

15:07 than it is to say could we go where the workers? You will build more and better reps, you're gonna work out more muscle groups. by like moving around on the things you work on as opposed to saying I'm attached to whatever this EM owns. So let's let's follow that thread. Uh What is your what does the team look like? What does the PM slash eng design team look like at what not? What what does this org look like in this

15:27 worldview. Yeah, we've um we've just passed twenty PMs. We have uh kind of I think twenty one, twenty two PMs uh in the building today, which Um for those following what this trajectory is is pretty small considering uh the volume of of GMV that our sellers move. We're very loosely organized into three groups, kind of buyer, seller, and what we would call kind of trust and risk.

15:49 So the folks looking after our standards. You know, payments. Kind of safety, et cetera. And then within those Kind of like broad groups.

15:58 We basically reassign the PMs pretty regularly. So people have like loose, you know, alignment. Um you might be like broadly a growth TM or broadly kind of like work on discovery. Um, that even amongst those groups kind of gets allocated and moved around pretty quickly. And that's because the way that we do planning. He's like

16:15 Every six months. you know, the CEO, myself, some other folks in senior leagues will sit down and just define what what needs to be true over the next six months. What do we have to get done as a company? Um, both in terms of like outcomes and critical projects. And then we sit down and we go through that list and say Who's who's the DRI? Who's accountable for that?

16:33 And that's mostly how we end up allocating PM work. And so quite regularly you'll have something You know, we've just finished a planning cycle literally this morning. And you'll quite regularly go through those and you'll get to the end and say, Cool. There's this thing that's like second or third priority.

16:47 in a bunch of different teams roadmaps. That feels really important. Who owns that? We actually don't have an owner for that. And we'll go and grab. PM and be like, congratulations, this is the thing we need you to deliver over the next six months.

16:59 Is rarely You need to build a feature that works exactly this way that does this thing. It's a little more high level than that. But like How do you go and work out what needs to be true and then you map

17:09 The human beings that you think can kind of Got that? Not every name is a PM name, but overwhelmingly when you go through that planning process. It tends to be PMs and it tends to be kind of PMs who have the right skill set vis vis what it is, whether it's more financial, whether it's more kind of like, you know, algorithmic and recommendations based, whether or not it's like

17:27 Core user feature. Let me follow that actual specific thread at the end there around what you look for in product managers that you hire. So he also wrote this uh brutal quote. In the last two years, thirty one thousand eight hundred thirty two people applied To be a product manager at whatnot. We hired one.

17:44 Yes, sir. Mm. Pretty great. Um there's a few things here I want to talk about. One is just What does you look for in the folks that you hire, especially these days, what do you find what's kinda like trending up?

17:57 In what you find you need in really successful PMs and whatnot, and what's maybe trending down? I can tell you what's definitely trending down. It's uh folks who spend a lot of the time in their interviews talking about those like alignment meetings and driving alignment and stakeholder management and and those pieces because Mm.

18:14 There's definitely a group of PMs and I certainly used to be one of them earlier in my career. Whose specialty wasn't. Technical. Or customer oriented, it was politics. And so

18:24 Folks who tend to kind of like naturally lean Towards like driving alignment, building building relationships, I you know. Tell me the amount of time when you failed and like, oh I didn't keep the CEO up to date with something and that led to a pivot. Is definitely kind of a thing that is a bit of an anti pattern that trends down.

18:41 what we tend to find kind of really jumps. in a PM kind of interview is over the course of of your interviews or your case study. Can we see both the macro thinking and the micro thinking? think the system works something like this and I can describe an end state. But can I

18:56 You know. almost exude impatience on like and here's how I would validate that very quickly. Here's where I would push To get that done. And are you specific about the things?

19:06 That you've built. Right. There's an awful lot of folks who've worked at you know, Fang, Ruber, pick any scale company. Where they Baby Sat?

19:14 things that existed and it maybe, you know, polished the edges of it. As opposed to the idea of saying We were given this problem and I had to go in come up with something unique in the whole or I had to kind of really iterate our way through a a a complicated change.

19:27 But I made decisions along the way and we moved. Because I think it's it's easy in a very large organization with inertia to kind of go along with what's happening and not necessarily be an agent of change or be a decision maker. Which is ultimately what you need PM to do. There's something you said there that I just had Elizabeth Stone on the podcast. She's CPTO at Netflix.

19:46 And asked her what's the trait she most But it also most trending up and she said Exactly what you said, um initially, which was the systems thinking. Thinking big picture, thinking about the bigger Uh business. And her

19:57 And her advice there to work on this. And I want to ask if you have any other advice here. Say someone hears this, you're like, Oh wow, I gotta work on my system thinking skills. Uh her advice is uh take one click back from your problem. And think about okay. For my manager, how do they think about this problem and how does that impact the rest of the business? Um, thoughts on just how somebody might develop the skill and get better at systems thinking. I mean, I think the skill is exactly the right way to say it. I think it you can get good at it from just the mental exercise. So like you can do it in small ways.

20:23 One of the things I ask a lot in product review when someone says, Hey, we want to run an experiment is Okay. What do we do if it's green? What do we do if it's red? And if folks are like, actually I don't know how my

20:34 strategy would change like, cool, we haven't really thought about that. So like stop And go and do the mental exercise of how it would work. And then I think it's the same thing if you can build quick local solutions.

20:44 If you have done the mental exercise in your head of say, well, what would happen if we had a thousand times more usage of this than we expected? Or what are the uh unexpected knock on effects that this could have? And how do you just start? doing all of that in your head. before you get pen on paper, before you get code on the system. And I think it

21:01 It helps m actually unblock people to move faster too because I think the other thing that PMs are often slowed down by is like Oh risk. Oh, legal might, finance might, another team might.

21:13 And I think one of the monikers we use internally is no then go. Is in just like Think through all the things that could go wrong. Understand where scale will break. Understand the things that might Happen. And then make the like move on anyway, because if you've

21:27 thought through all the things that could happen at scale, you're probably going to preempt a bunch of them. So Uh, I really like Elizabeth's quote there, but mine is like just do the mental exercise of just like playing out. If it gets really widely adopted. If it happens, if there is something that goes wrong, what will it be?

21:42 You don't have to solve all of them, you've just got to think through all of them. And then you end up solving more than you think. I love that. So it's essentially don't just focus on Uh will this be hi an impactful experiment to think about. What comes next and what comes next if this is true. Like okay, it's uh I moved it.

21:57 Um Particularly in a higher growth environment. You're not really looking for a five percent. stat sig win. You're looking for something that kind of like totally moves the business. Um and that has kind of compounding effect over time.

22:08 And so you just gotta think through what that what that is. Something else you said that uh is changing in how PMs operate that you're very excited about. Is this move to I see? work. PM's moving away from this kind of big Org.

22:20 Management world to actually doing the work. Talk that and what that means for the role of product management. I I I mentioned a little bit earlier, but there was this thing in the you know, in the ratio land where like what you did if you were really successful as a PM is you got promoted into being a director. And then all of a sudden it was like don't be hands on anymore. Your goal goal is just to coach.

22:41 And God. And so we took all of our A players. And then promoted them out. Of doing things. Uh and they spent all of their time in alignment and they spent all of their time

22:49 Kind of like coaching and tweaking what their team was doing. And you get this really yoyo development process where somebody does all this work, it goes to review, it gets told no, and you're just kinda going back and forward in in reviews. You can see my scar tissue coming through. Um

23:04 Uh on our team. Uh everybody is Like there are managers. There's like I think four or five people across the team who manage other PMs. All of them would spend ninety plus percent of their time. Doing I see work.

23:15 I'm still probably fifty percent of my time. doing I see work personally. And I think there's kind of a couple real advantages of it. The first Um is If you are a kind of V P product where you've got a decade plus

23:29 maybe fifteen years of experience building things. Hopefully your instincts as to what's gonna work or not. Fairly well honed at this point. You can just make decisions more quickly than people you can have real impact very, very quickly. And it's

23:41 really great for the organization to have somebody who can do that as opposed to the idea of like working through three layers of You know, we we divide the problem up, I guess, a amongst a couple of PMs. those folks need to get into alignment. There's different engineering teams debating stuff. You just tend to go. So that's wonderful.

23:57 I think the second thing is There's two ways that that ends up driving leverage. One is A VP in theory can, you know, handle the workload of multiple kind of like more GMs just because as I said they're more efficient. And that means that you see more of the board.

24:12 at any given point in time. And so you're far more likely to make the intuitively correct decision for How should we tune the discovery algorithm vis a vis people who ship slowly? Which isn't a you know an evergreen thing in in ecom. Well If you're thinking about how we can manage

24:28 uh sellers who ship slowly. And you know about the power of kind of like a discovery, you can in either case make the kind of correct decision. Yeah. One of the things that I remember plaguing Twitch for a long time and

24:39 was probably one of the people more at fault of it than ever with discovery team and the ads team were always at war. For impressions. Right? Like where do ads go in the seed? What's the impact to Discovery metrics, what's the impact to kind of add dolls.

24:53 One of the first things I did when I go to Twitch was just put ads in discovery. And make sure that there's the same PM who's accountable for both. 'Cause they're gonna make the natural trade off that say the goal is GMV generated from the feed. One of them is through organic.

25:07 One of them is through kind of like a paid substitution. solve. And when you put the same person across multiple things, they tend to organically align those things and you just cut out Months and months and months. Of back and forth. And the politics that tends to kind of take it from being company first to career first.

25:23 And so having uh VPs mostly in I C land, having directors mostly doing I C work, even having me Having to grapple with IC work. keeps everybody connected to the ground floor of what's actually true as opposed to what seems true in a review. But also

25:39 means that you're more likely to make the kind of intuitively correct decision early. Just because why wouldn't you want? You know, messy. playing for your your team. when you rather than trying kind of have the the Academy coming along all the time.

25:52 I love this. So when you talk about I C work for PM What does I C work for PM in this context mean? Does it mean shipping code? building or is it like running a team, running owning a roadmap, writing the strategy doc? Mm.

26:03 Imagine it's the second bucket. Uh, whatever is required to kind of like most effectively ship is the short answer. Um have I personally shipped some production code at Whatnot? Yes. Uh Do I think that's really the best use of my time? Not really. You know?

26:18 I'm I'm certain that quietly somebody reworked most of my code in order to be sure that the linting was correct and the localization worked and all of the nuance that decades of Software engineering has taught you that You know? Me and Claude Co did not get right. But I do think it starts with like are you literally in the support tickets? Do you know what customer problems we're having?

26:36 Have you pulled all of the data yourself so that you actually understand it? Have you sat? With engineering and design. You know? Have you queried the code base directly in order to understand how things work and then have you written the spec?

26:47 Are you then running a stand up and a we go? I think all of that is just like core individual I see work. There's a lot of people that have worked their way up the ladder of product, become a VP and It doesn't feel exciting to go back to being an I C. Some people like clearly you love it, you enjoy it.

27:03 Lot of people are like, Oh, I thought I was done with this. I could just work through people, I could think big picture. How do you feel about that? And what do you what would you say to folks in the in that bucket? Uh I think there are probably still a lot of organizations where that is really valuable. And that they will go. My recruiting tends to be the folks who are

27:19 Oh my God, I used to love product management and I'm so sick of sitting in alignment meetings and and I'm out there pitching CPOs and VPs of product to be like Don't you miss actually doing things? Do you want to come back? And I think It's okay for us to acknowledge that there will be a bifurcation.

27:34 Across the industry. I do think that there are organizations that are sufficiently large That maybe Everyone being hands on isn't right.

27:41 I also think, you know, I mentioned earlier that like You have to have a matching culture. To kind of go with this kind of environment? Where That's the expectation, you know.

27:49 Where people are like, I don't wanna talk about it. I wanna just You know, let's go and do that thing. And in a lot of ways, you know, every every startup is a reflection of their founders. And so that naturally tends to be You know, how do they think and how do they want to run the organization?

28:03 But I've actually found that for a in a lot of the cases. You go and talk to somebody who spent the last five, six years as a d as a senior director. at you know meta. Who spends their entire time in alignment meetings and they miss actually talking to customers and talking to engineers and shipping things. What makes this makes me think about, I imagine you've seen this. List of all of these

28:22 Chief technology officers that have gone to become just engineers and anthropic. I pulled up this list as you were talking. The CT of Workday is just uh Member of technical staff at Anthropic. Uh, CO CTO of Instagram. Box the CTO. Uh super.com CTO. They're just like engineers now and thropic. Yep.

28:39 Uh If it is my greatest desire that the whatnot product bench basically looks like that. Um all of these people with like great skills and great understanding and actually end up coming and building his ICs. What about the like the c the comp of this path?

28:55 You know, that's people's dream. Move up to V P make millions of dollars. Is there a world where you can still do that and be an I C? I actually think it's easier. Uh spicy take, but like You go and take the

29:07 uh comp required to have five L fives reporting to one L seven and then four L sevs reporting to one VP and now total the comp of that product org and turn around and say, What if I had three people? Why can't I pay them all? You know, D two V P money.

29:24 Particularly if they're having the level of impact. Uh that those folks are having there. Like why not? And just to uh fully understand why this is happening and why this should happen, what I'm hearing, there's kind of many combinations. One is it AI is enabling this, which is great. Perfect timing. Yes.

29:39 What are the other motivations to do this? Is it just the product ends up being better? Is it fewer people? Uh I certainly think the product ends up being better. Like One of the things that folks have been telling us for a long time is yeah, that won't scale. Like. Oh.

29:54 leadership isn't going to be able to stay hands on with what's going on. you're going to need to go and hire tons more layers. And what we found is that's actually not true. Right. It requires a different muscle. You have to make an effort to make sure you genuinely understand. You know, like a ground truth.

30:07 An example we use all the time is we'll be talking in a growth meeting and someone will say Oh yeah, but that was fraud. Yeah, turn around and be like, How do you know that was fraud? Oh it's labeled in the data set is fraud. Okay.

30:18 Do you know how it gets labeled? I assume someone in us doesn't. Okay, do you know the SOP or how they label that? No. Okay, so you don't know it's fraud. Uh and if you push

30:29 You know? A really experienced product director like that they're gonna go Good point. I don't. I'm gonna go find out.

30:35 And then you in in invariably end up strengthening The system. that agents are using to kind of, you know, data label because suddenly there's a very smart person who's very invested in like Understanding how we do that and helping God it. And so

30:48 Just that attitude that says like We're gonna do fewer things, we're gonna make sure we execute the hell out of them and we're gonna kinda push our best people to be in the weeds everywhere. means that you fix lots of things as you go and you don't end up kind of Just making loads of trade offs. And I think there's a general belief that like

31:06 It's too easy otherwise for growth to hide all sins. like you get bigger and you just end up scaling and everybody's kind of like working off of averages. So culturally I think you've got to be really committed to like Let's you know, whole ass few things. I tend to say sometimes. Shout out Ron Swanson.

31:21 Uh And then push your best people to be really in the weeds with stuff. And actually what you find over time is you end up being more efficient by doing that because you actually understand how things work the first time and you make The best decisions. And then listen, AI.

31:34 Huge leverage for all of this. I I can't think of how much time I spent as a junior PM. Asking my engineers how hard. Something would be. And you know, distracting actual velocity in order to help scope future stuff, and now I can sit and you know talk to Claude and understand.

31:49 Roughly. LOA's. Um, I can sit there and go through and be like, it feels like there's some car crash of modals that must be hitting new users as they open up the app. And you can literally just go through and be like, Let's let's load up the feed and talk to me about the logic of who sees what in what order and when does this thing fire and you can get answers really quickly. And

32:08 having, as I said before, folks with enough tenure and enough reps that they can see that and say, you know what, that's bad. Let's just make a good decision and change the ordering of those. I've saved now. A kickoff meeting, an alignment meeting, a week riding PRDs. Experiment time at all of that.

32:24 By just having somebody who's kind of empowered to go on. Make a decision. So going back to people that are trying to get a job as a PM Uh, whether you're new let's actually hold off on new people, but people that are say managers senior folks that are just like wow the market has really shifted.

32:40 the m a big thing we're hearing right now is you need to be comfortable with moving back into IC, giving up your fancy title. Is there anything more along those lines of just people looking for a job? struggling to find a job. Any other advice for them? Start doing I Se Wick in the role you're in.

32:56 would be my push, like get back to the basics of like make sure that you're taking on Kind of practical work. good to make sure that your Keeping those muscles.

33:06 Yeah, well honed. I think it also starts with like pushing internally. Well, those things like I would I would bet that if you started bringing that level of productivity back into the role that you're in. Probably helps you where you are. In addition to kinda help you where you might move to.

33:20 But I think There's a lot of chatter online, obviously, about like PMs are engineers now. And I think that's all well and good. Like it's a great muscle to go and go and hone. As I said, I've I've pushed some production code because I wanted to go through the exercise of understanding it. But I think there's also before you get to like building things, it's like how quickly can you get back into the muscle of scoping the correct thing, understanding the problem, being able to define what

33:42 Good look. And like take advantage of the scale and the scope that you've got that you can see more and bring more to things. Like I think most folks who've sat in a you know a director plus role will know the pain of sitting there and watching a junior PM yo yo back and forth on the same PRD back to review where you kind of know what the answer Is

34:03 Somewhere along the way we decided that, you know, lead a horse to water as opposed to kind of help them understand the answer and then keep moving. And I think there's like something in our coaching styles that we can get back to of like help somebody understand what good looks like. relatively quickly as opposed to just endless review yo yo. Uh this point you make about PM's not uh shipping to production, I so agree with.

34:24 Has my mind changed on this recently with a previous podcast guest? Um with this point that Like the leverage. PMs have so much more leverage if they're not sitting there trying to ship to production. They can Enabling the team to ship better and faster and making sure the things that are shipping are better is a much better use of PM's time than sitting there shipping stuff. I mean this sounds really silly mate, but like it takes me substantially longer to go through the minutiae of like getting git

34:47 commit and all of the kind of like pieces that are second nation to engineer aligned. than it does to actually work out what problem is and be able to describe it. So yes. Like good practice to try and, you know, make sure you're doing something Uh, for example, I don't want to judge if our dev tools have gotten easier or not.

35:02 Based on what someone tells me, I'm gonna go and try it and be like, Yep. That was easier than last time I did it. But I do think you can get an awful long way understanding the code base and then talking to somebody who can actually execute well.

35:14 You know. Otherwise you're just gonna get You're gonna you're gonna fall a foul of like a thousand classic traps. That every other engineer won. How not to do when they're in L four.

35:22 So following that through it a little bit. What are some of the ways that AI is enabled you and or your team to move faster and be more productive. uh other than prototyping, which is the very Uh

35:34 clear benefit of AI for PMs and product teams. What else what are maybe in the top three of like wow, this has really unlocked her. productivity and and and the quality of what we do. I mean the first one I think by country mile is data science. you know, we use hex threads internally or whatnot. I'm sure there are other kind of like comparable

35:51 Products. But I think It's almost hard to remember. Time is a PM before. You had tooling like that where you could genuinely start pulling very nuanced cohorts

36:01 of data where you could kind of Grab an individual user where you've heard a report. actually understand, you know, like let's pull logs, help me understand exactly what this user did and saw. How many other users look like this? You know, what would impact be, and then all of a sudden you can build

36:16 pretty meaningful sensitivity models or like forecasts of what might happen, regression models, et cetera. really, really, really quickly. Which is like incredibly. Um, the other thing that we found is it helps us move much more quickly with shipping things because you can spot regressions and weird not gone effects. Of two products.

36:33 into mixing more quickly than he used to be able to? And I think in you know really large complicated systems, that's always one of the things that ends up slowing you down of like release trains and all of that versus like If you build the right AI tooling, you can spot regressions really quickly, which basically lets people just kind of like go.

36:50 So I don't know what the future of data science looks like, but I think uh as a product manager, I've spent less time in the last year talking to a data scientist than I ever have in my career, even though I've probably spent ten times more time in data and understanding actually how the product's working. than I ever ever have in my career. So that one I think is really powerful. Second one I've already mentioned, which is like stop bothering engineers with how does the code base work.

37:12 And actually just go and talk to Claude. And understand it, which is really helpful, you know. I used to say early on in my career that the goal was always to be understand your systems at the boxes and lines level of, you know, which system drives which thing and Now there's no excuse not to understand that war a nuanced layer.

37:29 But the other one, and this might be very specific to whatnot, so I don't know that this will help everyone, but one of the things that I've been lucky to do in my career is Basically we've worked on live products for a decade now. And so it's always been really cool to be able to ship A product. and then watch a customer use it and watch them kind of figure it out.

37:47 So like Mm-hmm. I think people have just gotten this experience with like listen labs and and you know others in that cohort of watching people use your product. But I've always been able to sit and watch people use the thing for the first time and go through that and use a comprehension gap.

38:01 What's really cool with a bunch of the AI tooling right now. is as they're describing, oh, I'm having a problem, you can literally be watching the code base live. And work out is that Actually about what's happening. Right now, right now.

38:14 Or is that a comprehension gap where it doesn't work as expected? And suddenly you've got this video artifact. Of someone using your product. you can be analysing the code base in real time. And you can be just talking kind of

38:25 through AI to the code base to understand. What's actually happening and it's this It's like You know, a feedback loop on steroids. because all of a sudden you know exactly what's going on customer side, code side.

38:36 And observe saw it as as like a viewer. Uh in real time, which is really cool. That sounds uh Both awesome and very stressful. to be building products that are that live in real time.

38:47 I think about um Netflix where they invest in live now, and that's just like all you've done for ten years and how big of a deal that was for them. I know the scale's different, but Honestly my second week at Whatnot Um I remember sitting in a room watching so uh Uh one for those not familiar, uh kind of commerce auction largely auction platform, but live commerce platform.

39:06 Um And there's varieties of different ways to run an auction, but one of them is what's called sudden death. Which is like when the timer ends, it ends. Right, otherwise the classic auction environment. somebody bids in the last five seconds, it adds ten seconds back on the clock.

39:19 Uh and a seller can decide what option model they want. And I was sitting there watching a Cella who was like These are taking too long. I wish this seven second timer was actually three seconds. Because I want to move more product. And the I I watched two engineers in the office look at each other.

39:32 And be like, that's a conflict. We could totally do that. And so they went and updated it in real time and then jumped in the chat of a show and just said re refresh your app. And then all of a sudden bang. It was operating that way and I was like cool. I'm I'm with my people. I'm in like the right place. Because that's the level of like responsiveness that you can get.

39:48 uh in a live environment. And obviously AI means that that's Really easy for lots of people to take on. Not that I would touch production code. Uh in that kind of way,'cause that's a disastrous idea. Uh but The qualified humans, it's a wonderful one.

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40:50 And just today I used it to find out how much I've made from a specific sponsor over the past year. I just ask, how much have I made from X over the past year? Ten seconds later, I have an answer. It is so freaking cool. Visit Mercury.com to learn more and apply online in minutes. Mercury is a FinTech company, not an FDIC insured bank. Banking services provided through Choice Financial Group and Column NA members FDIC. Coming back to the data science point, uh I I I had a I have a friend who's a data scientist and he said It's a

41:21 Rough time for data scientists because of this exact thing and to add a little more color. Uh basically their time used to be. Has to do some Data analysis, do some work with the data. Come back, here's the results, here's I'm confident in this.

41:35 Conclusion. Now their time is basically uh seeing like half ass data science work from non data scientists. And and just like show me, is this right? And then they're and half the time it's wrong. And they're like, What the hell is my job now? Sucks.

41:49 Yeah. Uh I have a lot of empathy for that because I've certainly seen it. Another plot for why having Fewer More senior PMs is helpful because

41:57 There's the folks who've seen more of those reps and understand. But I also think a lot of the time that uh lack of clarity comes from the other thing, which is organizations have historically underinvested in data engineering.

42:09 And data structures and and good data labeling and whether or not you've got your Kind of. um not just your taxonomies, right, but whether or not you really understand Whether whether or not your data systems and structures are set up well. And so what we've found is a lot of our best data scientists are pushing in that direction of like Uh are we actually, you know, correctly updating

42:28 uh all the ways in which our tracking and attribution works so that it's less easy for people To kind of like misunderstand those. And then yeah. uh using an AI tool to find data piece of data. Much like using an AI tool to write code doesn't absolve you of responsibility to make sure that that was good analysis and good code.

42:45 It's just tends to be leverage for those people who are naturally inclined that way. So thinking about these different functions data science, user research, design, engineering, PM Uh What I'm hearing so far is we'll need probably fewer PMs. We'll need fewer data scientists.

42:58 Are there any other roles that you think they'll They're kinda trending down in terms of we'll need And are there any roles training up? Like wow, we're gonna need a lot more of this kind of person. Well, funnily enough, like as I say, I haven't spoken to a data science in a while. We've we've certainly still hired plenty.

43:12 Because I do think. That kind of Mm. All that tracking and attribution and measurement really, really powerful. Um I also think

43:20 One of the flip sides if we say we need fewer It's like Fewer of for the same output. doesn't necessarily mean fewer of in macro because If you are using these systems right, you can just croak.

43:34 More quickly, you can build more things, you can take on more stuff. So You know, I would be surprised actually. If we ended up with like net fewer. I think it's more like

43:44 net fewer vis a vis customer impact. For both. Um Certainly I think kind of like trending up over time. Within these roles.

43:54 Uh These kind of like And I d I don't remember the exact label that people used to use, but this idea of like Um tech leads. That are kind of like a hybrid EM.

44:03 We are running a very small team. Kind of running at things. Because same way that we say you know, the cost of trying something has come down. The idea that says You can have kind of core focus.

44:14 Is the thing we're very big on. We've also found incubating a lot of smaller teams to kind of go over and sit in the corner and just try and build this thing going. you know, it's not quite prototyping, but it's like go and take a swing at a thing that we've historically thought was too hard. Is getting

44:28 Cheaper. And increasingly has very high leverage. So the idea of like Engineering. Manager Light. For one of a better tone.

44:37 uh is a thing that I'm definitely think that we'll see more and more of. It's like not quite the technical member of staff. Although that must be lovely. Um, but certainly not the kind of like full blown EM role, I think is one that that definitely will come about more often. So maybe just to close the loop on this part of the conversation. There's this, you know, trend towards everyone's kind of a builder.

44:55 PMs are shipping a little bit, being a little more engineer. Engineers are taking on more of the PM work. Hum. think this just kinda maybe plays out over the next couple of years in terms of what product teams look like broadly? Is it Still PM engineer is a designer.

45:10 data scientists somewhere. Is there how do you kind of v envision the the canonical product team over the coming years. Great question. Uh and I don't know that I know what it looks like everywhere.

45:20 I think what it'll look like at what not is it probably still looks mostly Like it has historically, which is You know, there are reasons that you would have a specialist designer, specialist engineers, specialist product management. I think those kind of very concrete teams will largely be reserved for like very specific projects or like things that we

45:39 Have high confidence or conviction. That we need to solve. Or we're pretty high confidence conviction that we have a pass forward on a thing and we wanna make Good progress.

45:48 And I think at the edges around that. There's gonna be a lot more free space for people to play on, like Hey. I'm reasonably sure I can go and make a meaningful improvement to this thing, and it doesn't matter if you are A designer, an engineer, a product manager, a data scientist.

46:03 You can And you should. Right? you're sitting there on a Friday afternoon and you can't focus on the POD you're writing, but you're pretty sure you can go and fix something. Go for it.

46:11 Um And so I think It probably doesn't morph. in the more formal sense, but I do think there's just a lot more free space for people who are Well versed in the customer problems, well versed in the code base.

46:23 And understand some of that macro context. We'll just be empowered to do more and more things. Two and a half years ago I had this post I put out where I said YPMs are the best positioned role. in tech to thrive in an AI world.

46:35 And I feel like Even though the beginning of our conversation was like Uh we should live in a world where we regret PM exists. I feel like We agree on this idea that the skills that seem to matter most and are going to be most valuable, whether it's a PM doing them or an engineer or designer is Very PM skills.

46:52 I'll share a few examples in this from this post. Like what Do we Who is really good at this stuff? These these things. Identifying what to build, distilling and communicating requirements, prioritizing everyone's ideas for the highest ROI opportunities.

47:05 Uh giving feedback on design to improve the impact. Developing go to market strategy, understanding business strategy. Like to me this is what PMs do. And it feels like that's becoming more and more important. So I guess the question to you is if you agree with this idea that the PME skills seem to be the most valuable now as AI takes on

47:20 The building. Definitely agree. Al also props for bringing the receipts even with a timestamp, my friend. Well done. Mm-hmm. Um I think what I my only build on that Would be to say I think those core PM skills.

47:34 aren't necessarily the things that we have rewarded PMs for over the last five years. versus storytelling Alignment. Strategy And so

47:43 I do think you're a hundred percent correct that like Can I genuinely understand the customer? Can I genuinely understand the business? Can I genuinely understand the tech? And can I translate the three? Together for m you know, optimal efficiency. Is

47:56 the point of leverage when Doing things gets cheaper. Trying things is cheaper, et cetera. Um so absolutely agree that product skills.

48:05 Are probably the most durable. My build would just be there's a lot of people who have the title PM who haven't spent a lot of time building those skills in the last five years. But have gotten really good at communicating frameworks to leadership. Uh, and so I just kind of push us back as a function into like that. Core work.

48:23 Yeah, Pro Marty Kagan calls us product theater. lot of people just do the things that PM should be doing. And and l listen, I I'm guilty of this. We have we rewarded it for so long. Yeah. Uh that like it doesn't surprise me that that product theater is a is a core skill set for a lot of folks. I just think that there's not a lot of place to hide in that anymore. And this comes back to that thirty two thousand people applied for jobs.

48:44 I imagine a lot of that is just people who Think they're PMs or have the title PM. But don't have but are exactly what you described. They just focus a lot on alignment writing docs. meetings, things like that, and not actual building understanding what it takes to build a really successful product. Yeah. The number of people who do really well in a product interview Lenny and then you give them a case study. So everyone who gets hired at whatnot in any role has to do an actual hands on case study.

49:06 But the number of people who present incredibly well and then you give them a prompt and some data and ask them to come back with a POV on something. And then we make them verbally defend it. How quickly the thinking decays. From folks who are good at the theatre, but not the specifics.

49:20 Uh is kind of really telling, I think. Okay. So kinda going uh beyond the hiring step, say you hire Somebody What are some things you've learned about how to get the most out of the people you hire?

49:33 You mentioned this kind of uh Contrary and take that. You don't agree with this. Higher great people get out of their way. So I want to hear more about that. And just is there anything else you've learned about just Uh.

49:42 elements to building a very successful world class product team. I mean nuance required in my life, hire people and get out of the way as wrong. I will say, um But Couple couple of pieces to build off of it.

49:54 I think in general the hire great people and get out of their way. became this kind of like macro saying for Let them work out what the roadmap is, let them work out what the problems are. Just like completely Divol.

50:09 You know, like what's going on. And I think The real answer is obviously the better people you hire, the more you can kind of like totally trust. that they don't know what they're doing. But we tend to live in a verified then trust land as opposed to a like

50:21 totally trust or even trust but verify, which is like I'm probably in a better position than any of my kind of directs to understand how all of the different pieces of our system buyer or seller kind of trust fit together. They're almost certainly in a better position than me to understand the nuance of like how any of those individual features work. You know, if s if somebody quizzed me today on exactly all the weightings in the whatnot discovery model, I would definitely be wrong.

50:47 vis-a-vis Any of the engineers on that team. Vis a vis any of the T you know. Uh the PMs on that thing. Good.

50:53 But like it's actually kind of incumbent on me. to learn that and understand that over time because I'm asking them to make decisions and I am Proving. things that they're doing. And so

51:04 Time spent actually. working alongside those teams like in the trenches trying to solve something. Really, really powerful. One of the things that I saw earliest when I joined whatnot, that I've seen kind of uh Grant, who's our founder, CEO do.

51:17 is you'll sit in a review. And be like I don't think this is right. And then he'll pause and say I'm gonna clear the rest of my day. Let's sit and figure it out. And he'll actually end up sitting with the team and going through, you know?

51:29 Again, easier with AI data tools. Let's literally pull up the tickets. Let's literally pull up the code. Let's like go through the data line by line. and understand what's actually happening. So that we can make A decision there.

51:42 And it means He's very up to date with what's going on. kind of very culturally sets the tone for the team that like We're just seeking truth. And it makes it very much a like us versus you.

51:53 Like reviews got very into like Listen for yes. For a little while there, where all you're trying to do as a PM is just get a green light so that you can go back to your P your engineers and say, I have some credibility. I can get, you know. The CPO to approve what we're building. As opposed to this idea that says.

52:10 We're just trying to find out the right answer, and in theory, everyone wants us to come up with the right answer. So You know, we use planning to to align the company on like what are the really important things we have to solve. That's mostly a resourcing. Discussion right? Like if we pick the right things.

52:26 Stack rank them all. Ultimately. I'm most accountable for making sure that we have the right resources in the right places to hit things. But like I don't know if those are the right places if all I do is delegate to the team to go figure it out and I'm not actually periodically very deep with them on like exactly how does that work.

52:42 You know? How do our like, you know, referrals Work. Literally what is the logic? that fraud might use in order to invalidate one.

52:52 Oh, based on address signals. How do we calculate address signals? Is that like a Google normalized thing, or is that like You know, free text. It's put in. And if you don't actually push yourself down to sit alongside. your I C engineers and your I C designers and your I C PMs, you don't actually know that.

53:08 Stuff. So you can't make good macro decisions without The micro. So Increasing, I think You know, I I push myself to I try and be T shaped.

53:18 I can go very, very deep when required, but I'm mostly broad. Across pieces. And I think the idea of just like hiring people and then like Not asking any more questions and delegating all of the detail. Just isn't really

53:29 the most successful model for getting the most out of an organization. With uh Very product minded founder. CPO classically is a very challenging role for people. Because you're basically this person between a very opinionated founder

53:42 And the team building it. Uh what if you found works in creating it. You know. Environment were you?

53:49 Are happy in that role. Kind of funnily, that's been home up most of my career. Actually I worked for three founder Founders in a row who are all kind of very crack minded. Um and whatnot, I've got two.

54:00 Which is a blessing, actually. In general. Uh, I try not to kind of double up. If you know, Grant or Logan, our c our founders are on a thing. probably doesn't need me. Like what's the advantage of an extra

54:13 Layer Um You know, I think jokingly one of the PMs on the team has referred to it as the two dads problem, where you've just got like two people issuing kind of like conflicting instructions or somebody wants to review. And then you do all this work to present it to me, and then you go back and it gets a different thing. So My first thing is like

54:29 If Grant or Logan are on it? I checked that there. watching it, they're accountable for it, and I step out. So there'll be long periods of time where like fully half my team could be working on something. And I couldn't tell you day to day where it is.

54:40 Because You know, it's with Grant, it's with Logan, and that's totally fine. I don't have to be across. All of the things they're doing. We just need to make sure that there is somebody doing that bar raising.

54:50 So We spend a bunch of time doing that alignment. I think the second one is like Ultimately, if you're a product leader in a founder led company, you have to understand it's not your company, it's theirs. And you just find the right balance of like

55:01 You know? Hey, are you open to feedback on this? Have you made up your mind? You know, are you open to a push on this and you just find that rhythm. Kind of working with folks. Generally speaking

55:11 You know, there there's a reason that founder led companies do so well. You know, industry. You know. the insight required and the kind of customer intuition to make the thing in the first place and work tends to be really important. Um, and then I just view my job as, you know, making sure that we've got coverage.

55:25 On the places where I found it out. Awesome. So a couple of things you've learned here. for building s and this I think in consumer this is especially important. Is Uh

55:35 Counterintuitively to how maybe People think things should work. You're finding that The best. Teams, companies, products end up coming from

55:43 Top down. Founder led. Almost You know, micromanagement is a is a dirty word to a lot of people, but it's basically being in the weeds. Is uh

55:51 In spite of how people may feel, this actually ends up being leading to better stuff. Top down works well if leadership is good enough to be in the weeds and be specifically correct. I think where it falls apart is Where you don't actually know Ground truth. And then you attempt to manage people from above, and that's where I think the term micromanagement comes from.

56:10 Otherwise, if you're working from the same data and you have it. I don't know a junior engineer or a you know entry level designer who doesn't start to sit there and work alongside the CPO or the CEO and ship something. 'Cause you're just unblocked. There's no line that means there's nothing to do. I also find that like you can give way better feedback if you're literally

56:28 In the detail. I think the nuance is just like How do you make sure you can do that in enough places? There's never been a better time to be in to t to attempt to be in the detail on things because you can literally query it. In real time.

56:40 I think that's such an important nuance here. The story you told is so um powerful this idea of Grant just okay, I'm gonna clear my day, I'm gonna spend time going deep on this stuff. That feels like a very necessary ingredient. for someone at the top to be making micro decisions. Because to your point, if they don't have all the details, they don't

56:56 They're not making a decision out of real data. And we can do that because You know, as I said, we we plan what we're doing. And then we allocate. And then we're dividing and conquering. So like

57:06 He's probably trying to nail three or four most important things at a time and you know. He's the CO. He's gonna call the ball and say, These are the four things I own right now and I'm gonna be like Great. I'll be over here then. And then within those.

57:17 Like What am I doing? with the rest of my day that is more important than nailing the five things I've said will get done this half. Like if it's anything other than maybe hiring. standing meetings, any of that stuff, you can just clear it and set the tone for the team that like

57:31 Until we understand it. We we can't do anything else. Say somebody is looking for a CPO role or a first PM role. Kind of similar. Basically working for a founder. Uh what would be your advice for them to

57:45 land in a place where they're happy and not just super frustrated by by this kind of middle layer where they just don't actually have any agency. Yeah, I mean I think the first thing you've got to work out is like why do you want it? Right? There's this idea that like the CPO's job, you get to decide all of the roadmaps and all those things, and I've got bad news for you. That's like not strictly true.

58:03 But I think it also comes down to like spending some time with that person to work out like How do we jam? On a topic. How do they like to get push? How do they not? And then you spend a lot of your time calibrating. So like Before I joined whatnot.

58:14 Think Grant and I had like five or six different coffees where we talked about like How do you get You know, this type of team to move. How do you work on those things?

58:23 And then I obviously went through a series of interviews and actually came down to kind of LA where Grant and Logan were based at the time and spent A whole day with him. Just like in a room, going through a couple of different problems, talking through different things on the roadmap. Just like really getting into it. And I tried through that.

58:39 To kind of Be my most ordinary self. As opposed to like Interview self, if that makes sense. 'Cause you kinda gotta ask yourself, do I really wanna spend

58:47 My whole time. Like having this discussion. In this debate. But like I like being a CPO or kind of a product lead because in a lot of ways what I'm doing is I'm like helping translate.

58:58 that vision and that intuition into reality. And then You know, there is an art to learning how to push somebody. Without Kind of competing with them.

59:06 And I think a lot of the times I've seen the CPO CEO relationship go badly, and ends up with like The CPO is competing with the CEO for vision and they end up at like loggerheads. And I think, you know, that's not your job. I want to ask more about that, this art of Pushing back and and you know, nudging things into

59:23 Direction. Is there kind of one trick or one tip you might share with folks to get to be good at'cause a lot of people deal with execs and they're always trying to, you know, get them to agree to what they want. I think the first thing is like don't treat it as a trick. I mean you're not trying to get An answer and a yes, you're trying to kind of seek truth is my my first statement.

59:41 And so I wouldn't say it's especially common that we start out of alignment, but I do think You know, part of your role if you're one of the more senior product folks in the room and the the CEO or You know, if you're director and and it's the CPO in the room.

59:55 is like pushing the team in a way that you don't really expect or you don't really understand. It's like start from a place of curiosity. Does that person have more context than you, or is there a thing that you're not aware of that is guiding it? So I often try and start with like Can you Can yeah, am I hearing you right that this Is your prior.

1:00:12 Is there a you know piece of context or something that I don't have that helps inform that prior? cool, make sure everybody's on that same baseline. And you know, I coach my fans to do this with me all the time too of like If I'm coming at you from an angle you don't expect, pause and make sure that you understand why. And then after that. You know?

1:00:28 I try and do a couple different things. You're obviously just Uh people are people, right? They have good days, they have bad days. Sometimes it can be as simple as like Is your mind made up on this? Or are you open to input?

1:00:39 If the answer is like no, I'm pretty set that this is the answer. Shut up. Like, don't pick a fight for the purposes of picking a fight. If the answer is like Actually, yes, you're welcome to push me.

1:00:49 But I'd need to see data. If I don't have any data in the room, if it's just my opinion, then I The terms of the debate are pretty clear. If I have fresh data. Bring it.

1:00:58 Uh if I really believe a thing. And I don't have data, question why? Um or go get it. And then go back to them with the data. But if the answer is like

1:01:07 If it's Nobody's got data, it's just two opinions. The CEO's opinion is going to win. And like That's okay.

1:01:14 Check your ego at the door. Get to the answer, but if you've got data, bring it. And then sometimes it's like Just make sure that you're debating for the right reasons. I think it's, you know, easy in European theater that you're describing of like wanting to make sure that you set the framing in the tone.

1:01:28 And There are genuinely times in our industry where like Nomenclature matters. And exactly what word is used can be really important. But a lot of the time it doesn't.

1:01:39 There's a concept that I heard Uh come up a bunch when I talk to people who work with you. Uh the phrase was uh play the accordion. Explain. So I mentioned earlier, I'm not huge on frameworks, but I do think uh there's a mental model which is quite useful.

1:01:53 that goes to the thing that you and I discussed earlier on like Uh Think through a problem. mental do the mental work, even if you're not shipping at all, which is like Well obviously the magic of code is that you can kind of ship things and iterate really quickly and get data as you go. And I think one of the the trappings

1:02:10 That comes with that. Is uh you're just iterating forward and throwing spaghetti at a wall and you don't really know what direction you're going in. I think there's a second failure mode. which is people sit down and write out these long roadmaps and strategic vision docs of what we'll do over the next two, three years.

1:02:25 loses the comparative advantage we have over every other industry, which is Learning. Like A B tests mean that you can Update your understanding of a problem.

1:02:34 And therefore change your direction. Sure. So Uh the point of the analogy you play the accordions. If you think about like a piano accordion. Before you can play a note, you've got to stretch it all the way out.

1:02:44 Bring the air in so like what is it we're trying to get done? But You don't make music until you press the key and push it all the way back into V one. And then when you go to play the ne the next Kind of like progression.

1:02:55 You pull it all the way out again. Okay, given what we just learned. What do we do? And then you're going to build the next thing again. And like you've got to get used to this motion that says like

1:03:05 This isn't creating value, like pulling it out. Doesn't actually do anything. uh all the value is created here, but until you are going through this motion constantly of saying, Well, reevaluate what we understand, how does this change what we're doing? You're probably not playing the right thing. And I know I'm probably bastardizing.

1:03:22 Somewhere in the in the comments there's gonna be a musician who points out to me that this is actually also one of the ways you make music. But I found it just a generally very valuable Like memory device for PMs to be like you've got to constantly be zooming out and pushing back in, zooming out and and pushing back in. Yeah, that is such a fun analogy.'Cause you know, it's like the even though you make music expanding it, it's like

1:03:44 Inward. Uh where it's like learning from the Yeah. Exactly back to shipping. Internal music, external. uh experiment. Yeah,'cause I genuinely there are people who are really big on roadmaps and there are people who are really big on iteration. I've I think the honest answer is you've got to do both.

1:04:02 You can't. Over index on either. So the lesson here is uh Run experiments and but then make sure you think about the implication of the result. At the bigger picture.

1:04:13 And then what are we kind of doing? Have a plan. Like the system works this way. I I have this belief that if we change the way that discovery algorithms work for XYZ reasons, it will have this impact. What's the smallest thing I can do to to Prove that. Okay, it worked. Great. No change to plan.

1:04:29 Me too. Oh shit, that didn't work. Victory is gonna have to be different, and you just kinda wanna always be going through that motion. People not watching on YouTube, uh Tom is moving his hands. What's like uh what's what's like a context where you would had said to someone, hey go play the accordion or we're playing the accordion like

1:04:48 Like what are they usually doing wrong? It tends to be that you're shipping something with a in a very local sense. without necessarily understanding Uh impact. So

1:04:57 Uh an example right now is You know. The core of most marketplaces is listings. Right? Like if you try and think about Amazon.com. without listings, there's basically nothing there. It's a bunch of you know it's a left rail or right rail and some videos.

1:05:10 Um In video commerce and live commerce, whatnot, you don't really historically need listings. If I want to sell you a pair of AirPods, I could literally hold them up to screen and show you them. And describe them and say they're airpods. I'm gonna start them at a dollar. And as a buyer, you now have all the information you need in order to

1:05:28 Kind of like make a a purchase decision, which is great. And so you may not have to invest in making listings the way that someone else does and that's Probably net good for a seller.

1:05:38 Because It takes like three and a half minutes to make a listing. Uh And it takes Zero minutes to describe a thing and hold it up.

1:05:45 Uh but You then zoom out and say Oh shit. New buyers are gonna come to Live Commerce and expect Search to function.

1:05:54 If I don't know what you're selling until after you've sold it. There's no possible way that I can put somebody in the right stream. For earpods. Because They didn't we didn't know you have them and

1:06:03 I therefore can't direct people to it. And so you go through this exercise of like we don't need to fix it, it works. And then you're like, Okay, great. What does that have implications for other things? Okay. Then what would we do? Oh, we're gonna make everyone make listings. And you're like zoom back out again.

1:06:17 If every seller is now spending three minutes for every listing that they're making. the number of things that can sell per hour is now. Dramatically, dramatically lower. Which means it's bad for sellers. Okay, shit, we can't do that again. And so you just you have to keep stretching through the like what are the longer term implications.

1:06:33 Or what are the knockoffs of things we're building? Uh that is extremely helpful. What's interesting about whatnot is It's there's like this spectrum of like whatnot, and then there's this whole trend of agente commerce.

1:06:45 where agents are gonna be buying the things for you and just working with each other, create a whole new agentic economy. And this is like the opposite, humans live talking to each other, buying from each other. Uh thoughts on that. on that trend and and how may how that might impact you guys. Uh listen, I for one welcome our agentic overlords.

1:07:03 For things like I don't want to have to think about light bulbs. Air filters. Any of the programmatic stuff that I need to run my life. Right.

1:07:12 Um I'm also pretty great with it for like really high intent things. I need a particular cable for my computer. I'm looking for, you know outdoor lights for my house. Things where there are

1:07:23 Really taxing such as I think about this you know, gotta go to a wedding, which means I need Black shoes but delivered by Thursday,'cause if they don't get here before Thursday, they're no good for me kind of things like Absolutely. But most of commerce in America isn't actually high intent.

1:07:38 Like How many years are we into e com now? Like thirty years? Into e com. And e commerce. has never exceeded twenty percent.

1:07:46 of retail spin in America. Right. The vast, vast, vast majority of retail shopping in the United States is still people going in person. And buying things. Uh in the UK it's somewhere. It's like seventy five, twenty five. And it turns out actually that a lot of shopping is

1:08:01 Low intent. I I'm going to the mall. I might be because I've got a wedding coming up and I don't have anything to wear and I'm going to wander around. and see what people have available because I don't actually know specifically what I want. And actually the value of stores

1:08:17 Is that that person who runs that shoe store has agency and taste. And she curates. A selection of shoes. She has

1:08:25 you know, a level of customer service. She has a window display, which can show me the types of things she has, and I can wander around them all and actually work out what it is I want to buy. Or be educated by it. And as it turns out It's quite pleasant. Like there's a reason that the mole is a social thing.

1:08:41 And so I think You know? that agentich is going to be huge. Retail is a seven and a half trillion dollar industry.

1:08:49 In the US though, so I don't think it's a like Winner takes all Thing. What I think live commerce does. Is it's the first time that we've ever managed to kind of like bring together

1:08:59 scale and convenience of the internet and also that same kind of like social cultural experience. Uh, all the physical shopping. Because You know. At at Twitch we used to basically assume that if it's less than a thousand people on the stream, it's non economic.

1:09:12 'Cause you're you're operating on CPMs. See, but you can go into a stream on Watnot and see thirty, fifty people are in that stream and you you imagine for a moment that you're running a shoe store at a mall and you had fifty people. In your store, you'd never close. Like you would literally never shut down the store because that's so much more foot traffic.

1:09:29 than you can ever imagine being in a store. Because commerce has totally different economics to entertainment. And CPMs aren't the thing that you have to worry about. So I think it's not really in kind of like competition with Agentic. I think it's a completely different

1:09:43 Kind of like Mm. Customer name. Amazing. There's room for everyone. I wanna end maybe with uh a question about Twitter. So you were at Twitter. Yes, sir. Uh PM of Twitter working on growth. I feel like everybody that worked at Twitter as a PM was just scarred from the experience of a Twitter. Everyone's a

1:10:00 Do not do things this way. What's uh what's something that stuck with you from that experience? What did you learn? What did you unlearn? It is funny. I uh I have said to a friend before that asking someone who was at Twitter in like the twenty fifteen, sixteen era is a little bit like a therapist asking somebody to tell them about their childhood. It's like you know the trauma that you're you're bringing up. Yeah. Uh for those who not familiar with that law, I think we had nine heads of product in the two years that I was there. It was that level of kind of chaos. I think my favorite quote was from someone on the partnerships team is that it felt like Caris Wisher lived in the events.

1:10:29 That was like how often drama or was going on about the place. Um I think Lenny I probably took two overwhelming things. away from from my time at Twitter and other than like some incredible friends and I will say that the the product diaspora.

1:10:42 From that era of Twitter is Pretty incredible and and everywhere. The first one is like If you truly find product market fit. Like if you manage to bottle lightning.

1:10:51 Doesn't matter how badly you screw up. The organization. Uh of it. Like It's huge.

1:10:57 And like Twitter genuinely had that level of product market fit that you could emotionally feel How much people loved your product. And it's a really powerful litmus test to learn relatively early in your career that that's what P M F is, not like Hey, the graphs look okay.

1:11:12 Right, there's like a level of fervor that goes in. Um I think maybe on the flip side of like less positive is like what it definitely learned is like most of the time you hear it's really complex. It isn't.

1:11:24 Leadership's just weak. So You know. The two years that I was there Everyone knew we were going to have to lift the one hundred and forty character limit.

1:11:33 Right. There was working group after working group, like the project beyond one forty was like everywhere. Because we knew, for example, that like uh people in Japan tweet it six times more often than people uh in Western markets and it was largely when we spoke to them because Kanji lets you say heaps more.

1:11:50 uh in the same number of characters then uh you know, a romance language did. We knew that was the inevitable end state, but there's obviously a bunch of like work. That was needed. And trade offs and just no one wanted to make the call. And so there was just like

1:12:02 Yet another design sprint, yet another cycle. And it was another year and a half after I left. I think it was maybe maybe even two almost two years after I left before someone actually did it. And it turns out You know. Nobody died.

1:12:15 the the soul of a place didn't fall apart. I imagine the same discussion went on for editing tweets, which took another two and a half years, like Sometimes things aren't actually that complicated. It's just Weekly to shape.

1:12:26 Yeah, it's funny how far it's come. Now you can write entire blog posts on Twitter, like articles is a big bet. Yeah. On the product market fit piece, I think even more important there is the network effects of a Twitter, which you spent a lot of time thinking about building marketplaces. Like to me, watching Elon basically change everything. I forget who tweeted this, but just like everything changed. The brand, the name, the website. Uh number of people looking there.

1:12:48 Everything the people, the team, like what What was the thing that came that stayed the same and it was basically the network effects of Twitter? Yeah. It's the place to be, so everyone's there. And that's hard to break.

1:12:58 And even in spite of how much you tried to mess it all up, uh It's still kicking. That's it. If you if you bottle lightning, genuinely you can tell. Yeah. Okay, I'm gonna take us to a recurring corner of the podcast, Fail corner.

1:13:12 Why I like doing this is because people see you c see people see people like you coming on the podcast. Had the have this illustrious career. Everything's w going great constantly. You're just killing it. And They don't see the things that don't work out and the times that Uh you failed.

1:13:28 And in their life, things often go wrong. So uh so the question for you is just what's an example of a time in your career where things Fail something you Build some career Movie made. That didn't work out and then what what'd you learn from that experience?

1:13:40 Honestly, mate, and it's very nice of you to say nice things, but I feel like I fail more often than I succeed. Across the course of my career. Genuinely uh to the to the blog you referenced right at the start. I published in the in the back of that the actual document we use internally to talk about how we build. And it starts with like batting five hundred.

1:13:56 Is like The goal. So like you're hoping to be right as often as you're wrong. So there's probably just too many specific examples of of times I've screwed up in my career, but there probably is a really common thread to it. And I think it's probably an easy trap for for any

1:14:10 Um Averages mean nothing to the individual. Is probably the thing that I've like. Really scarred by.

1:14:18 Uh in any sizable population, it's really attractive to go and look at like average utility or average adoption. of something and then you find that like Yeah. Only three percent of people use something. And they're like, Cool, we can probably get rid of that feature. It's not used widely.

1:14:33 But if you don't go a layer deeper and be like, actually four Like you know, it's only three percent of something, but there's a group of people for whom that's a hundred percent of what they do. This is their core use case. And for expedient's sake, because somebody doesn't want to maintain a feature anymore, you're just gonna deprecate it. And then it turns out you like blow up the use case of that.

1:14:51 group of humans. And then to your last point about network effects. the ongoing spiral effect of that can be enormous. You know. I I think about it a lot in e commerce of like, this is somebody's business. Right. If we're just not

1:15:04 reliable or like deprecating a feature. It's kind of like A Westfield More just turning off the power in the lead up to Christmas. without thinking about it. And so like there are real downstream impacts to people's businesses that often come from just like a lack of nuance in understanding

1:15:18 Metrics, particularly averages. Like they they just lie to you all the time. And I think you know, I've probably screwed up in all of the ways in my career, but most of the time I've made genuinely like I'm disappointed in myself levels of decisions. It's typically that I've relied on averages without thinking about the individual use cases that that are hidden underneath. Makes me think about uh Jeff Bezos has a quote.

1:15:39 When you have data and an anecdote, trust the anecdote. Yeah. That's exactly right. Well, Tom, we've gone through everything I wanted to talk about. Is there anything else that You wanted to share anything you want to leave.

1:15:52 listeners with before we get to our very exciting lightning round. I think all in admite I've really enjoyed the discussion, so thank you is like I don't think there is one way to to do product management. And I don't think there is one way that AI will shape the industry. So like Where pretty confident that for whatnot, the product we're building and the culture of the company that we have.

1:16:10 That You know, this model of like fewer PMs who are more senior with like a lot more autonomy. Is right for us. Uh, I don't pretend to, you know, presume that that will be true for the entire industry, but I do think

1:16:22 There has never been a better time. to go back to the roots of like the actual product work and getting out of that theater. And I think that probably is true. Everywhere. Um even if you are still, you know, there are people who are wonderful people managers and really derive their satisfaction from doing that and growing in coaching. And I'm sure there'll be loads of places where that's still valuable. So

1:16:41 Uh. Assume that at least half of what I've said is wrong in the same basis that half of the things I've probably ever shipped are not correct. That's why I love these conversations and why I think this work that we do together is important. Is we are living through the wildest time in our careers, so much is changing. So much is being rethought, as you've described in

1:16:59 It feels like the only way we can make our way through this successfully is to Learn from how other people are approaching it, see what they've learned, see what they've has not worked. Ignore the bits that seem bombastic or Not applicable. Exactly.'Cause like no one knows exactly where Uh Elizabeth Stone had this great way of putting it. We're in this kind of there's there's a storming ph phase and the norming phase, and we're in the storming phase of

1:17:21 Holy shit. Like I remember in my PM career as I started writing and stuff, everyone's always asking me, How has product management changed over the last decade? I'm like, it hasn't changed. It's the same, basically. But it feels like now it actually has significantly changed. Although to your point earlier.

1:17:36 Actually the core thing also not will all be the same. Yeah. Yeah. So So that's why these are so useful, just for people to see. Here's how a team is operating.

1:17:45 And what they've learned in here is Things to try and it may not work for you. But that's how we learn from each other. With that, we have reached a very exciting lightning round. I've got five questions for you. All right, here we go. What are two or three books that you find yourself recommending most to other people? Okay. Uh not to be cliched.

1:18:03 But the hard thing about hard things, I still think is the best book written about product management. Um, just for my like breadth of things that you have to go through and try and do would screw up a lot. Slightly. Left field.

1:18:15 Um, but the best book anyone's ever recommended to me to read, which I now recommend to others. Um is the purpose driven church. By apostle Rick Warren. Uh Emmet Shear, the CEO at at Twitch she used to basically make sure that people read it.

1:18:27 It's this wild examination of why people emotionally invest in something and how to engineer. emotional investment into it from a group of people. Uh it's literally a like how to go and build a church. Uh guidebook. Written in the nineties.

1:18:40 Uh, definitely worth a read if you're in a community product. Uh of any form. Uh and the last one is if you're looking for kind of like uh fiction or fantasy, which is where I tend to go in the evening. Uh Babel.

1:18:50 by Rf quell. I love when books have never been mentioned before get added to the canon of recommended books. It's very fun. Favorite recent movie or TV show that you've really enjoyed? Uh Star City. on Apple T V.

1:19:04 Uh If you liked For All Mankind, it's kind of like the flip of that, but it's the Soviet side. It's like watching the Americans and uh for all mankind mix together. Favorite product that you have recently discovered that you really like? Uh this is a very deep cut.

1:19:19 So I will apologize to most listeners. Um Uh, hopefully you've detected the accent I'm told constantly that my Australian accent is going, but one of the things that I love is every time I go home, I realize Actually a bunch of the government services apps in Australia have become phenomenal. You ever had that kind of concept where you're like, I wish the government has all my data or I wish there was just like one place where I could with one click.

1:19:39 get my driver's license renewed, I could like transfer titles and do all of the admin that slows you down in life. Services New South Wales actually nailed. bizarre to me that I would ever come on a podcast and say actually a government run app in Australia of all places, is it? But I was home recently and had to r do all of my life admin. And it's incredible.

1:19:58 Well. Uh something I heard recently about Australia while we're on that topic real quick tangent from Lightning Round is Uh With a solar panel build out that has happened there, there's More

1:20:07 el uh electricity available in Australia than they can use. Yep. Australia huge in Australia. So it's like Uh, they're giving people free electricity in the middle of the day'cause there's so much available and They're like, use all your stuff in the middle of the day'cause this is we're otherwise it's gonna go to waste. There is a pitch somewhere that says if AI actually needs loads of electricity in order to be data centers, Australia's entire twenty first century economy should be power.

1:20:30 Incredible. That's like such good news that we are finding ways to generate uh so much energy from solar panels. Uh small piece of regulation and twenty years ago that said if you're building a new property, you got to put solar panels on the roof. And it turns out it works great. Oh my God. I love this. I love this optimism of the future. Not not the problem.

1:20:50 Mm. You're here. Okay, two more questions. Favorite like motto. That you often come back to

1:20:57 In work or in life. uh in my uni days or uh back in college for American translation Uh I used to have a Party trick if I'd memorized if by Reddit Gipling'cause I thought it was like deep and really meaningful. Um But I think if if I'm being really honest, uh I'll figure it out.

1:21:12 It's probably the closest. Yeah, like it turns out most things are not as hard as people think like we'll work it out. I'll figure it out. If you're willing to devote.

1:21:21 the required time, money, effort, energy, you can solve almost anything. Uh and if you're not, then it's probably not that big of a problem. Final question. I imagine people ask you this a lot, but I'm also just curious. What's something you bought on whatnot in the past month or so?

1:21:36 That was just awesome, delightful, surprising. The most fun thing I've bought recently, I'm not joking, is a live lobster. So Um re recently one of the things that's really taken off on on whatnot is now like um fresh and specialty foods. Kind of category.

1:21:51 And so There's this wonderful seller who goes by E Fishko. Who has a seafood store down on the dock in San Diego. And every morning as the boats come in, he literally goes out and live streams. all of the crates of seafood coming in off the boats and then he auctions them off.

1:22:04 Live on one month and and ships next day. To your door. So Uh I got a uh California spinetel lobster shift direct to my door Courtesy of a live stream.

1:22:13 And how does this work? They put in ice, uh ship it next day. Right now, it's kind of like container and it's a UPS overnight. Oh my door the next day. And that is why agentique commerce is going to be great, but not all encompassing, because I had no intention of buying a spiny California lobster that morning. Unless your agent decides you eat lobster today and we gotta be honest with you, it was delicious.

1:22:34 Amazing. I did not know you could buy stuff like that. Tom, where can folks find you online if they wanna follow your Writing uh slash hiring Talk about w what you're hiring for and Finally, how can listeners be useful to you? If you're looking for me online, I'm T D Robo, T D R O B B O on Twitter, which is or X, I guess. Uh, which is where I uh do most of my musing.

1:22:54 Uh it's a mix of product management uh and yelling about warriors games, so apologies in advance. Uh, and then on LinkedIn is the other place I've got most of my kind of like work writing. I will say it's Uh. I I try for quality over volume, so don't expect Uh daily daily drops from me on either. Just bangers. Just bangers once a year.

1:23:11 Yeah that was the nicest thing anyone said about being agers. Uh just just dropping casual bangers. And how can folks be be helpful, honestly? Uh would always welcome feedback around whatnot. uh and how people are finding it and what more we can do better. So like hit me up on either of those platforms with You know, hot takes.

1:23:26 Uh feedback or thoughts? And then uh your hiring PMs, even in spite of the many strong opinions about product management, maybe just talk about that and where folks can apply. Sure. Uh listen, we are constantly looking for PMs. The the intent of kind of like explaining how many people applied versus hide was not to discourage uh people it was more along the lines of like The proliferation of product management.

1:23:46 doesn't itself naturally lend to the people with the skill set that you and I have spent the better part of ninety minutes talking about right now. But you know, we hired two people yesterday. I'm very excited for them to come start. Um and we've always got a variety of of PM roles open. The whatnot if you just kind of Google whatnot jobs.

1:24:02 um the the right kind of application process all will pop up there. Or I've found that, you know, the value is small enough and product management is not that kind of obscure that you can probably find one of the twenty or so humans who work at Whatnot and and reach out to them. But we're looking at a variety of things right now. Um payments Very high on on our list of what we're doing as well as logistics. So if anyone is really excited to come work on the future of shipping.

1:24:23 Uh lobsters overnight. Uh It turns out there's quite a lot of nuanced product work to happen there. Amazing. Tom. Thank you so much for being here. It was a pleasure, mate. Thanks for having me.

1:24:33 Bye, everyone. Thank you so much for listening. If you found this valuable, you can subscribe to the show on Apple Podcasts, Spotify, or your favorite podcast app. Also, please consider giving us a rating or leaving a review, as that really helps other listeners find the podcast. You can find all past episodes or learn more about the show. at Lenny's podcast dot com.

1:24:54 See you in the next episode.