Mayur Kamat: evaluation

Transcript context

…To close the loop on some of these radical ways of working, this idea of 50 reports per person and this idea of caring about a person in Congo not being able to sign up, do you think that's a good idea? Do you take those in the way you work now or is it just, in this particular situation it's important? Other places, maybe not. There are several preconditions. One is you're growing really fast. The growth for the employees comes just from seeing problems at scale that are growing every day that it needs less of a manager's attention to figure out what you need to grow. The best way to grow in general is that you work at a very fast-growing company. If that's true, two, your people are extremely well compensated, so they care about the KPIs more than they care about what's the next stage in my career and how do I get promoted? Our bonus structure went from 0% to 500%, so a lot of people didn't really care getting a 10%, 20% pay. They just want to do incredible work because they know they would be taken care of. Three, it's a mission driven company, still believe at the end of the day that you're doing this just beyond the KPI. At Binance, there was a very strong belief that 80% of the world doesn't have access to financial tools. They don't even have an access to currency that they can trust. When we look at, live in Europe or in US and we think about crypto, it's largely about speculation or bitcoin. For most of the world, they just need access to a US dollar, stable coin and just knowing that my currency is not getting deinflated because of things beyond my control. Everyone having come from these, a lot of our employees were across all these countries, they had a very strong mission belief that what we are doing will truly empower billions of people. There's a power in that. A lot of people go through, "Hey, I'm going to move mountains because it's not just about the money, it's just not about my career. It's about doing something that will change the world." Let's follow this thread on accelerating your career, and talk about where you're at today, N26. As you know, I've been doing a bunch of research on which companies hire and produce the best product managers. I've done a couple passes at this, and N26 has come up in the top five of both ways of approaching this, essentially which companies alumnis go on to do the best in their career. N26 is way up there. I want to come at this from a couple directions. One is what N26 as a company does to hire and incubate the best people, but also just you personally, what your advice is to people and how you help them become great PMs. Let's actually start in that second bucket. What is the most common and most impactful career advice that you share with product managers that you manage, that you find most helps them move ahead in their career and get unstuck in their career?…

Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.