Evidence receipt / prediction
Published · transcript-backedDmitry Zlokazov: prediction
15 May 2025 Lenny's Podcast How Revolut trains world-class product managers: The “local CEO” model, raw intellect over experience, and a cultural obsession with building wow products | Dmitry Zlokazov (Head of Product)
“They start receiving their salary into Revolut, holding their savings into Revolut because they love the product more. And so we can easily do another, I don't know, 2, 3X, 4X in customer base growth, but we can also do another 10X growth in how actively these people are using the product.”
Source trail
Everything needed to verify it.
- Speaker
- Dmitry Zlokazov
- Attribution
- Verified speaker
- Claim type
- prediction
- Recorded
- 15 May 2025
- Publisher
- Lenny's Podcast
Transcript context
…Oh, boy. It's a good example of Paul Graham has this concept of schlep blindness or schlepping where people want to avoid hard problems, but that's where the big opportunities are, solving really gnarly, painful problems. And that's basically what you guys did. Yeah, that's one of the things that excites me maybe the most at Revolut. The market is so big and there are still a lot of very inefficient players, and as a result, customers have a lot of problems that are unsolved. While we grow insanely and I think will soon be... When I joined, we had maybe just slightly north to 20 million customers. Now we are 50 million customers. Soon we'll be at 100 million customers. The degree of surrounding each customer with the ecosystem of our products extends a lot. So they become more and more people start using Revolut as their main bank account. They start receiving their salary into Revolut, holding their savings into Revolut because they love the product more. And so we can easily do another, I don't know, 2, 3X, 4X in customer base growth, but we can also do another 10X growth in how actively these people are using the product. So it's let's say what, 30, 40X to current, 45 billion valuation. Right? So it's a like a trillion-dollar company easily. And on that note, I mean what I'm hearing is it's still a good time to join. There's a massive upside. So I know you guys are hiring, we'll just note that real quick. You're hiring product owners and a bunch of other roles, I imagine?…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.