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Mike Hudack

👤 Person
822 total appearances

Appearances Over Time

Podcast Appearances

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

I don't really think you should start writing code until you have that. Now, the problem is that most people's theory of the world prior to shipping a thing and having contact with real live human customers is wrong. And it might be 5% wrong or it might be 50% wrong, and you don't really know until you ship.

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

I don't really think you should start writing code until you have that. Now, the problem is that most people's theory of the world prior to shipping a thing and having contact with real live human customers is wrong. And it might be 5% wrong or it might be 50% wrong, and you don't really know until you ship.

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

You can do user research along the way, but the reality is that users lie when you talk to them, and they will always tell you what they think you want to hear. You know whether or not it's good because they'll come back or they won't come back. If they churn, you were wrong. One of the big mistakes I think people make is they then give up too early.

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

You can do user research along the way, but the reality is that users lie when you talk to them, and they will always tell you what they think you want to hear. You know whether or not it's good because they'll come back or they won't come back. If they churn, you were wrong. One of the big mistakes I think people make is they then give up too early.

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

You can do user research along the way, but the reality is that users lie when you talk to them, and they will always tell you what they think you want to hear. You know whether or not it's good because they'll come back or they won't come back. If they churn, you were wrong. One of the big mistakes I think people make is they then give up too early.

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

So your theory of the world might be 20% wrong, but that means that it's 80% right. One of the hardest things to do in product, I think, is to try to figure out how to bridge that 20% and not lose faith. You know, at some point, you might just be 100% wrong. It might be good to walk away. You need to know when that is. But I think often people get dejected when they push up.

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

So your theory of the world might be 20% wrong, but that means that it's 80% right. One of the hardest things to do in product, I think, is to try to figure out how to bridge that 20% and not lose faith. You know, at some point, you might just be 100% wrong. It might be good to walk away. You need to know when that is. But I think often people get dejected when they push up.

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

So your theory of the world might be 20% wrong, but that means that it's 80% right. One of the hardest things to do in product, I think, is to try to figure out how to bridge that 20% and not lose faith. You know, at some point, you might just be 100% wrong. It might be good to walk away. You need to know when that is. But I think often people get dejected when they push up.

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

I really believe that people in their soul know that long before you tell them that. And I think that that's true of people who are... doing a bad job in a job, or it's true of people who are building a product.

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

I really believe that people in their soul know that long before you tell them that. And I think that that's true of people who are... doing a bad job in a job, or it's true of people who are building a product.

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

I really believe that people in their soul know that long before you tell them that. And I think that that's true of people who are... doing a bad job in a job, or it's true of people who are building a product.

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

I think that the problem often arises when people feel like they have some sort of commitment to others to put the best possible face on what's going on, or they feel like they need to just keep chugging away because they don't want to let down their investors or they don't want to let down their manager.

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

I think that the problem often arises when people feel like they have some sort of commitment to others to put the best possible face on what's going on, or they feel like they need to just keep chugging away because they don't want to let down their investors or they don't want to let down their manager.

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

I think that the problem often arises when people feel like they have some sort of commitment to others to put the best possible face on what's going on, or they feel like they need to just keep chugging away because they don't want to let down their investors or they don't want to let down their manager.

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

When actually the best thing to do is when you realize that you're at that point, the greatest thing that you can do in order to drive respect from others is to just admit that like, hey, this thing isn't working. My time is super valuable. Your money is super valuable. Let's figure out how we can get some of both back. People know that. I can speak for myself as an angel investor.

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

When actually the best thing to do is when you realize that you're at that point, the greatest thing that you can do in order to drive respect from others is to just admit that like, hey, this thing isn't working. My time is super valuable. Your money is super valuable. Let's figure out how we can get some of both back. People know that. I can speak for myself as an angel investor.

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

When actually the best thing to do is when you realize that you're at that point, the greatest thing that you can do in order to drive respect from others is to just admit that like, hey, this thing isn't working. My time is super valuable. Your money is super valuable. Let's figure out how we can get some of both back. People know that. I can speak for myself as an angel investor.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
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 level of respect I have for somebody who comes to me with half of the money still in the bank and just says, hey, we were wrong about this and has a conversation either about selling the company or shutting it down or pivoting. I have so much more respect for them at that point than if they just went to dry well.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
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 level of respect I have for somebody who comes to me with half of the money still in the bank and just says, hey, we were wrong about this and has a conversation either about selling the company or shutting it down or pivoting. I have so much more respect for them at that point than if they just went to dry well.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
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 level of respect I have for somebody who comes to me with half of the money still in the bank and just says, hey, we were wrong about this and has a conversation either about selling the company or shutting it down or pivoting. I have so much more respect for them at that point than if they just went to dry well.