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Willem Ave

๐Ÿ‘ค Speaker
See mentions of this person in podcasts
479 total appearances

Appearances Over Time

Podcast Appearances

Decoder with Nilay Patel
Square's product chief on the death of the penny and the future of money

is that you want to make sure teams, the squads and the teams at the ground level, have rituals that they can get decisions made quickly.

Decoder with Nilay Patel
Square's product chief on the death of the penny and the future of money

At the team level, we do pit stops, which are multi-times per week, they can get unblocked.

Decoder with Nilay Patel
Square's product chief on the death of the penny and the future of money

Then at the leadership level, we have what we call unblock meetings, which is anyone can sign up and bring a decision to cross-functional leadership to weigh in on a path.

Decoder with Nilay Patel
Square's product chief on the death of the penny and the future of money

We aim to have decisions made within 48 hours or less.

Decoder with Nilay Patel
Square's product chief on the death of the penny and the future of money

very difficult to get to that timeline all the time um but that's kind of just a stake in the sand that we've we've put so that's the tactical side i think on the strategic side the thing that i've kind of been reflecting on is that i think you need the terrar of decision making right you need the right ingredients um as a leader to be able to make decisions and i think it's really steeped in a few things first is like deep customer empathy it's hard for me to believe that you can make great decisions if you don't really understand who you're building for and why you're building for them

Decoder with Nilay Patel
Square's product chief on the death of the penny and the future of money

I think two is you have to understand the market.

Decoder with Nilay Patel
Square's product chief on the death of the penny and the future of money

You have to understand the history, the market, kind of like maybe the environment that you're competing and building products in.

Decoder with Nilay Patel
Square's product chief on the death of the penny and the future of money

And the last one is just constraints.

Decoder with Nilay Patel
Square's product chief on the death of the penny and the future of money

And I think you need to understand effectively, intuitively almost, what the different trade-offs and constraints are.

Decoder with Nilay Patel
Square's product chief on the death of the penny and the future of money

If you have kind of all those, and I joke with my team, like your gut is the best trained ML model on the planet.

Decoder with Nilay Patel
Square's product chief on the death of the penny and the future of money

Right.

Decoder with Nilay Patel
Square's product chief on the death of the penny and the future of money

Like it's just the synthesization of all the things that you've seen over your entire career day to day.

Decoder with Nilay Patel
Square's product chief on the death of the penny and the future of money

Right.

Decoder with Nilay Patel
Square's product chief on the death of the penny and the future of money

In and out.

Decoder with Nilay Patel
Square's product chief on the death of the penny and the future of money

And I think if you have kind of a lot of those components, then, you know, you can you can be, quote, good at making strategic decisions.

Decoder with Nilay Patel
Square's product chief on the death of the penny and the future of money

Then if you think about like actually making them.

Decoder with Nilay Patel
Square's product chief on the death of the penny and the future of money

The biggest thing is like, should you make it or should someone on your team make it?

Decoder with Nilay Patel
Square's product chief on the death of the penny and the future of money

And like, if it should be you, great.

Decoder with Nilay Patel
Square's product chief on the death of the penny and the future of money

Then you need to decide like how much information you need to make said decision.

Decoder with Nilay Patel
Square's product chief on the death of the penny and the future of money

And in that case, it's usually starting from the customer and working backwards, right?