3min chapter

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch cover image

20 Product: Spotify's Gustav Söderström on Why Product is 100% Science and 0% Art, Why You Should Look at the Competition and then Do Something Completely Different & Why Talk is Cheap and Product Teams Should Do More of it; Structuring the Best Debate

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

CHAPTER

Are You Nervous as a Product Leader?

I had a lot of faith that conversion would go up because we had seen so many years that the core correlation was the more you use the free product, the more likely or to convert to pay. The worry when we launched this free tear was if it was actually good enough. It turned out to be true, but that we couldn't test at scale really. I think investors and labels were much more nervous about the conversion metrics and the ads metrics. So maybe other people were very nervous about that. But they did a great job in the quarter. We should maximize the value of that sort of rented brain power.

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