Products as Lottery Tickets

In this episode, the Operators break down how to build a world-class product development organization. They dive into how to structure your product team and debate who should own the process from idea to launch. They also tackle the classic question of whether your strategy should be marketing-led or product-led.

Drawing from their own expensive mistakes and huge successes, the hosts share hard-won lessons on the toughest challenge of all: choosing what to make. They share their strategies for balancing groundbreaking 'hero' products with simple, iterative improvements. They also explain the critical difference between products designed to acquire new customers (CAC products) and those built to increase customer lifetime value (LTV products).

Chapters:

00:00 Introduction

05:45 How to Structure Your Product Team

19:21 Deciding What to Make

30:16 Learning from Wins And Fails

44:16 The "Ready to Launch" Dilemma

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Richpanel.

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