Cultivating a Consensus-Driven Culture

Matt Greenwood, Chief Innovation Officer & Head of Investment Management Engineering @ Two Sigma shares some of the most unique and valuable cultural practices behind how the engineering org operates at Two Sigma. We discuss strategies that prepare you for scaling (like intentional relationship-building with your front-line managers); examples of how Two Sigma successfully deployed the “Inverse Conway Maneuver,” how to reinforce a consensus-driven culture from early-days to 1000+, how to navigate both large & small reorgs; and why Two Sigma made the intentional decision to rebrand their R&D org as M&E (modeling & engineering)! Plus, Matt’s approach to full-bodied problem-solving.

ABOUT MATT GREENWOOD

Matt is Chief Innovation Officer and Head of Investment Management Engineering at Two Sigma. He joined Two Sigma in 2003 and since then has led a number of company-wide efforts in both engineering and modeling. Matt is also an Advisor at Two Sigma Ventures and works closely with the business’ portfolio companies as a board member and advisor.

Matt began his career at Bell Labs and later moved to IBM Research, where he was responsible for a number of early efforts in tablet computing and distributed computing. In 2000, Matt was lead developer and manager for Entrisphere, Inc., where he helped create a product providing access equipment for broadband service providers. Matt earned a BA and MA in Math from Oxford University, and a Master’s degree in Theoretical Physics from the Weizmann Institute of Science in Israel. He also holds a PhD in Mathematics from Columbia University, where he taught for many years.

"We came to New York in 2003, nothing was happening in New York. Silicon Alley, as they called it back then was just kaput. Then one day, I was browsing Craigslist, because that's what you did in 2003, and there was a little ad, ‘Hedge fund, looking for excellent engineers.’ So I was like, 'All right, maybe.' I said to my wife, 'This is either the sketchiest thing ever or the best decision of my life. It's one of those two things.' On Craigslist, there's no other way you can be, right? And it was probably the best decision of my life.”

- Matt Greenwood   

This episode is brought to you by incident.io

incident.io is trusted by hundreds of tech-led companies across the globe, including Etsy, monday.com, Skyscanner and more to seamlessly orchestrate incident response from start to finish. Intuitively designed, and with powerful and flexible built-in workflow automation, companies use incident.io to supercharge incident response and up-level the entire organization.

Learn more about how you can better identify, learn from, and respond to incidents at incident.io

Interested in joining an ELC Peer Group?

ELCs Peer Groups provide a virtual, curated, and ongoing peer learning opportunity to help you navigate the unknown, uncover solutions and accelerate your learning with a small group of trusted peers.

Apply to join a peer group HERE: sfelc.com/peerGroups

SHOW NOTES:

• Matt’s eng leadership journey & discovering Two Sigma on Craigslist (3:34)
• Key moments of Two Sigma’s evolution as an org that sparked excitement (7:26)
• Lessons learned on keeping your work exciting by focusing on “human problems” (10:25)
• Create a culture of investing in people’s growth across longer timelines (12:22)
• How Sigma Two intentionally structures its R&D org (15:18)
• An unexpected way to prepare for scaling your org - intentional relationship-building strategies for your first-line managers (18:10)
• Frameworks for deploying the inverse Conway maneuver (20:56)
• The right people / conversations for small & large reorgs (23:30)
• Consensus-driven culture at 1000+, approaches to create buy-in & ownership with organizational change (26:02)
• Two Sigma’s approach to full-bodied problem solving (30:26)
• Rapid fire questions (34:06)

LINKS AND RESOURCES

• Whalefall - A scientifically accurate thriller from Daniel Kraus about a scuba diver who’s been swallowed by an eighty-foot, sixty-ton sperm whale and has only one hour to escape before his oxygen runs out.

This episode wouldn’t have been possible without the help of our incredible production team:

Patrick Gallagher - Producer & Co-Host

Jerry Li - Co-Host

Noah Olberding - Associate Producer, Audio & Video Editor https://www.linkedin.com/in/noah-olberding/

Dan Overheim - Audio Engineer, Dan’s also an avid 3D printer - https://www.bnd3d.com/

Ellie Coggins Angus - Copywriter, Check out her other work at https://elliecoggins.com/about/