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Unconventional product lessons from Binance, N26, Google, more | Mayur Kamat (CPO at N26, ex-Binance Head of Product)

22 May 2025 21 published claims 3 attributable people

Speakers in the public record

Claim mix

recommendation 6belief 5evaluation 4uncertainty 2observation 1preference 1commitment 1prediction 1

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Every row below preserves an exact excerpt. Identified speakers are linked; unresolved voices are labeled and excluded from people counts.

Claim ledger

The useful parts, with receipts.

21 published records

01 / recommendation

The main learnings from that is, don't take on projects that are going to be six months, a year, because you just generally don't have control over the macro.

“The main learnings from that is, don't take on projects that are going to be six months, a year, because you just generally don't have control over the macro.”
Speaker
Mayur Kamat
Publisher
Lenny's Podcast

02 / evaluation

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.

“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.”
Speaker
Mayur Kamat
Publisher
Lenny's Podcast

07 / belief

If you get a very strong resonance there, I think that would be a great career step irrespective of whether it's in Bangkok or Spain or however the compensation is going to be, because truly you'll find that you grow much faster because it's a kind of self-fulfilling prophecy at that point.

“If you get a very strong resonance there, I think that would be a great career step irrespective of whether it's in Bangkok or Spain or however the compensation is going to be, because truly you'll find that you grow much faster because it's a kind of self-fulfilling prophecy at that point.”
Speaker
Mayur Kamat
Publisher
Lenny's Podcast

08 / belief

As you were talking, I realized that a lot of these companies that produce the best PMs are to your point, non-US based, but incredibly successful in their location.

“As you were talking, I realized that a lot of these companies that produce the best PMs are to your point, non-US based, but incredibly successful in their location.”
Speaker
Lenny Rachitsky
Publisher
Lenny's Podcast

10 / uncertainty

What are these results telling you?" I'm like, I don't know. She's like, this tells me you should start your own company and work on your own.

“What are these results telling you?" I'm like, I don't know. She's like, this tells me you should start your own company and work on your own.”
Speaker
Lenny Rachitsky
Publisher
Lenny's Podcast

11 / belief

People can move mountains in a small amount of time. That extreme ownership culture, I think, probably was the most fascinating part of working at Binance that I've now tried to take.

“People can move mountains in a small amount of time. That extreme ownership culture, I think, probably was the most fascinating part of working at Binance that I've now tried to take.”
Speaker
Mayur Kamat
Publisher
Lenny's Podcast

12 / evaluation

Like in India, a lot of products are only designed for Indian market, a lot of products in China only designed for Chinese market, but from the US you're designing product for the world and a lot of the times you don't experience the same constraints or you don't empathize with the user at the same level because you just haven't lived that user's life.

“Like in India, a lot of products are only designed for Indian market, a lot of products in China only designed for Chinese market, but from the US you're designing product for the world and a lot of the times you don't experience the same constraints or you don't empathize with the user at the same level because you just haven't lived that user's life.”
Speaker
Mayur Kamat
Publisher
Lenny's Podcast

13 / recommendation

We use a tool called Writer for our copywriting and UX teams, especially because we are operating in Europe across several languages.

“We use a tool called Writer for our copywriting and UX teams, especially because we are operating in Europe across several languages.”
Speaker
Mayur Kamat
Publisher
Lenny's Podcast

14 / recommendation

We should still, because I used to work for Android Enterprise team before, I'm like, what if we just made it an enterprise product?

“We should still, because I used to work for Android Enterprise team before, I'm like, what if we just made it an enterprise product?”
Speaker
Mayur Kamat
Publisher
Lenny's Podcast

15 / preference

Then we go cell by cell based on, let's say if I was running a typical product team, I would say, okay, let's just look at maybe the top 90 percentile of our users, but this was Binance and then CZ is like, "No user left behind.

“Then we go cell by cell based on, let's say if I was running a typical product team, I would say, okay, let's just look at maybe the top 90 percentile of our users, but this was Binance and then CZ is like, "No user left behind.”
Speaker
Mayur Kamat
Publisher
Lenny's Podcast

16 / recommendation

I think the number one thing I shared before, the best thing you can do is find companies that are growing fast because it compounds your learning at a much faster interval.

“I think the number one thing I shared before, the best thing you can do is find companies that are growing fast because it compounds your learning at a much faster interval.”
Speaker
Mayur Kamat
Publisher
Lenny's Podcast

18 / evaluation

We look at largely, find a lot of companies that really look at data without looking at cohorts that make completely bad decisions, right, because if you look at your dashboard as a mixture of users over 10 years, 20 years, even six months, and they all behave differently.

“We look at largely, find a lot of companies that really look at data without looking at cohorts that make completely bad decisions, right, because if you look at your dashboard as a mixture of users over 10 years, 20 years, even six months, and they all behave differently.”
Speaker
Mayur Kamat
Publisher
Lenny's Podcast

21 / evaluation

You still launch big products, but even over there we try and get early signals as soon as possible. But because in Nagoda, like one of the big projects we launched was we wanted to control the payments infrastructure for all the hotels and we thought if we had that device in the hotel's desk, so not only for bookings made online, but for everything that happens at the hotel, if we control that infrastructure, not only would we make money, but we had a touch point with the users that went beyond booking the travel.

“You still launch big products, but even over there we try and get early signals as soon as possible. But because in Nagoda, like one of the big projects we launched was we wanted to control the payments infrastructure for all the hotels and we thought if we had that device in the hotel's desk, so not only for bookings made online, but for everything that happens at the hotel, if we control that infrastructure, not only would we make money, but we had a touch point with the users that went beyond booking the travel.”
Speaker
Mayur Kamat
Publisher
Lenny's Podcast
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