Tomer Cohen: prediction

Transcript context

…I'm so happy you went to this example. This is exactly where I wanted to take the conversation. I was very much in the camp you described of LinkedIn, how could LinkedIn possibly become a place that I want to go and browse a feed and post content? As you probably know, for the longest time it was felt like this cringey place as you said, where everyone comes and promotes themselves, "Hey, I got a promotion or here's my company's new launch." And I think it's so underappreciated the turnaround that has happened within LinkedIn. I use it, I'm a multi-day, multi-Dow user. I check it at least 10 times a day. Most of my traffic to my newsletter comes from LinkedIn, not Twitter where people think, it's absurdly underappreciated and it's I think underappreciated what it took to make this happen. And when I saw you guys starting to try to make it a place people post content, I was like, no way, this is not going to work. Why would people want to share stuff on LinkedIn? And it's working, it's amazing. So I want to spend some time here and just try to go inside the strategy that you guys put together to here's how we're going to make this happen. Come, we've shared, you have this peak of here's what we could become. How did you actually turn this around? What was the strategy behind it? Yeah, by the way, I'm glad you're finding great audience and traffic on LinkedIn. I think your content, actually, your content is exactly what we're trying to build for, it's expertise, it's advice, it's people you can learn from and it's also the views that really matter, not just the volume that matters. I think if we take a step back, there's so much conversation about zero to one products or scaling products, but you don't have much conversations about minus one to one products, like turnaround products. And I think there's obviously the perception of the market you have to deal with, but people I think in minus to one products, at least from my experience and we had a few at LinkedIn, pages is another one, helping businesses build their presence on LinkedIn. What you find is it's actually, most of the time it's internally harder to do because there's so much entrenched flows and processes and metrics that people are using on that specific area. So you almost have to change the inner workings of the system to make it work. Going back to the analogy of the mountain, if you start from the premise that I deeply believe in is that LinkedIn ultimately is a platform for economic opportunity that sits on top of a very strong social graph. Then really almost every aspect of economic transaction is possible and knowledge transaction is one of the most powerful economic transactions you can have. It's the biggest accelerant for an experience and we were always very strong at helping people get a job. We have seven hires per minute, but as we were building more and more knowledge and part of it was we bought LinkedIn, we bought Lynda to make it LinkedIn Learning a while back. Today we had 140 hours of learning every minute on LinkedIn happening across the feed and LinkedIn Learning, it's pretty powerful. And the transformation to the LinkedIn feed was exactly like you said. We actually were the first company to have a social feed, but I think we started wrong. So we started with basically activity feed. So it was like who changed what, who changed the job, who connected to who. It was more of like a tracking your network feed and it became more promotional in nature. So in a way just letting that be just naturally just moved into more of a promotional type of feed. And what we've done is we've shifted dramatically into building, actually this was one of the things I was excited about. So after I was leading the mobile team, there was no feed team, there was no unified feed team, there was no feed PM to an extent, I asked to do this role, nobody cared about it. I really believed in it. I have strong conviction about what I could do there. team, there was no unified feed team, there was no feed PM to an extent, I asked to do this role, nobody cared about it. I really believed in it. I have strong conviction about what I could do there. And I asked to do this role and we assembled the team around it and one of the main things we've done was to really set the new purpose for it, which was this is not a springboard for other products, this is not a traffic jumpstart for, it's not an app self feed, it's really about people that matter talking about things that I care about professionally. It's about knowledge exchange. It's about how can I get the right views to the right experts in a way that actually helps them build a reputation and build their business. And then we started from there backwards. So it was basically setting that ground for that mountain peak that was nowhere to be imagined at the beginning and making our way backwards. The first thing we did was really making AI first. So the AI team back then was completely centralized. It was not part of any product team and we brought it together with one unified AI first team. And the belief I had was ultimately the engine of the car was AI and that was almost like de-prioritized or delegated to a team that was not unified in objectives. So bring that in. And then I spent most of my time on objectives and algorithm features and data training, which led me into my passion about training product people to be a first product people. And that was a big transformation there, really shifting and we had incredible AI team, but they were completely, actually, it was a confused operation. They were building something for a whole different purpose and we were trying to aim to that mountain peak and they were putting in a different direction. No bad intent, that's what they were told to do. So bringing it together into this SWAT team was the first thing that actually was extremely powerful, but then became the hard work. You have a product that works in a certain way and you almost want to change its DNA altogether. And it was very hard because whenever we were trying to run experiments that were mass in scale, I told you everybody was relying on the feed for their traffic. It just scared the whole system because numbers were shifting up and down and teams were freaking out about meeting their goals. And then I realized that was just spending my time in escalations instead of actually building a great product. So what I did was I carved out two million members and I said, "Those are my members. I'm going to focus on building that mountain peak. I'm going to build for them." Full liberty and doing whatever, it doesn't hurt numbers, giving the scale and really focus on building a great experience for them. And it wasn't overnight and it wasn't over a week, but over the course of months we've seen dramatic behavior change for those members, almost like secluded, like a country of people that were seeing a different experience of LinkedIn. And once we saw that you actually had strong evidence that wow, if I bring this in, we don't need to spend time talking about how this pie gets slotted between different teams.…

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