Mayur Kamat (00:00:00): My, probably, most spectacular failure was, I was the first PM on Hangouts. We had thousands of people working for me. We had entire power of Google. We had Larry literally sitting with us saying we can do anything we want Chrome to do and we still didn't manage to build a great messaging product. 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 challenge with being a product manager is, everybody thinks they can do the job. Anybody who uses the product thinks they have ideas, so at some point in time, you're like, "What is my discipline? What is my science?" The moment you build experimentation, you've now made it scientific. Lenny Rachitsky (00:00:41): A lot of new people in their career are like, "Oh, I just want to think about strategy. I'm going to think about the big picture." Mayur Kamat (00:00:45): Strategy is a little bit overrated for product. For most product managers, your strategy should be, "How fast can I go from hypothesis to data?" Lenny Rachitsky (00:00:54): Today, my guest is Mayur Kamat. Mayur is Chief Product Officer at N26, one of the most successful fintech startups in the world and which, in my research, came in amongst the top five companies in the world who are hiring and producing the best product managers. Prior to N26, Mayur was Global Head of Product at Binance, VP of product at Agoda, which is over a $100 billion dollar company based in Thailand, and a PM at Google and Microsoft. In our wide-ranging conversation, Mayur shares what he's learned about hiring and developing great product managers, what he learned from his time working at Binance, which, as you'll soon hear, was one of the wildest and most unique ways of working, what he learned from the failure of Google's early attempts at Hangouts, where he was the first PM. Also, the pros and cons of working in Asia versus Europe versus the US, an...