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Santiago Suárez

👤 Speaker
586 total appearances
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Appearances Over Time

Podcast Appearances

The a16z Show
The Fintech Playbook for Latin America

And there were two important lessons for us.

The a16z Show
The Fintech Playbook for Latin America

Number one, NPS.

849.43 View full episode →
The a16z Show
The Fintech Playbook for Latin America

And when I say NPS, I don't mean it.

The a16z Show
The Fintech Playbook for Latin America

He's actually been public about this where he's like, I think NPS for a company with less than a thousand employees is a terrible metric.

The a16z Show
The Fintech Playbook for Latin America

You should just listen to customer service calls.

The a16z Show
The Fintech Playbook for Latin America

So, you know, weekly business reviews, we always start with what happened to the customer last week.

The a16z Show
The Fintech Playbook for Latin America

And we have two transcripts pulled at random in addition to a number of battery of KPIs just on customer experience.

The a16z Show
The Fintech Playbook for Latin America

And he was like, the first thing you need to think about is NPS.

The a16z Show
The Fintech Playbook for Latin America

And in fact, they measure all their product managers on NPS alone these days.

The a16z Show
The Fintech Playbook for Latin America

They don't have a P&L.

The a16z Show
The Fintech Playbook for Latin America

And then the second thing that he said, and it was very useful, particularly as we think about our own product roadmap, he was like, everyone thinks you got to do everything at once.

The a16z Show
The Fintech Playbook for Latin America

But he literally got on a board and he's like, that's not quite the way it works.

The a16z Show
The Fintech Playbook for Latin America

Here's how we thought about structuring our roadmap, potentially think about it.

The a16z Show
The Fintech Playbook for Latin America

And

The a16z Show
The Fintech Playbook for Latin America

that informs a lot of our product roadmap decisions because it's very counterintuitive, the work we do.

The a16z Show
The Fintech Playbook for Latin America

You know, we had an event last week and we announced in the same event a bank account, next day shipping, and an integration with a third of the country's entire POS device fleet.

The a16z Show
The Fintech Playbook for Latin America

I was like, in the same event, to the same audience.

The a16z Show
The Fintech Playbook for Latin America

That's just not very intuitive.

The a16z Show
The Fintech Playbook for Latin America

And then the third piece which he gave us, which, you know, we always take to heart, he was like, look, this is a very unusual play

The a16z Show
The Fintech Playbook for Latin America

Equity investors will not understand this.