20Product: What Facebook, Monzo and Deliveroo Do and Do Not Do To Build Great Products | How to Structure Product Teams For Success | Is Simple Always Better in Product and The Art vs Science of Product Design with Mike Hudack

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

Mike Hudack is the Co-Founder and CEO of Sling, a peer-to-peer payments app whose vision is to simplify the way the world connects financially. Previously, he held roles at Monzo Bank as Chief Product Officer, Deliveroo as Chief Product and Technology Officer, and Facebook where he led ads product and sharing product.

In Today's Episode with Mike Hudack We Discuss:

1. Product: Art vs Science:

• What is the true art of product? What makes the great product leaders and PMs?
• Is simple always better in product? How do you retain product simplicity with time?
• When should data be used over intuition in product building?

2. Lessons from Leading Ads at Facebook:

• What are Mike's single biggest product lessons from building the ads product at Facebook?
• How did a meeting with Mark Zuckerberg discussing a product change, alter how Mike thinks about product today? What makes Zuck so special on product?
• What are the biggest mistakes that Facebook made when it came to the ads product?
• What did they not do that he wishes they had done?

3. Leading Product at Deliveroo: What I Learned:

• What are Mike's biggest takeaways from his time at Deliveroo on how to make consumer products?
• What did Deliveroo do from a product perspective that worked so well? What did he learn?
• What were the single biggest product mistakes that Deliveroo made? What did he learn?
• How fast do you know when a consumer app is working or not working? When do you go against data and follow your intuition?

4. Building the Biggest Bank in Britain with Monzo:

• What are Mike's biggest lessons on product building from his time at Monzo?
• What did Monzo not do that he wishes they had done?
• Why does Mike think the US is crucial for Monzo?
• How did Monzo change how Mike thinks about competition? What do you do when your competitor, Revolut, is outshipping you at such a speed?