The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20Product: Sequoia's Product-Market Fit Framework | Why the Best Product People Actually Build Less Product | Metrics 101, Good vs Great Product Strategy and more with Vickie Peng, Product Partner @ Sequoia Capital
Apr 17, 2024
Vickie Peng, Product Partner at Sequoia Capital and former product manager at Polyvore and Instagram, shares invaluable insights from her 15 years in product management. She discusses the crucial balance between storytelling and user needs, emphasizing why the best product leaders build less. Vickie reveals key components of a strong product mission and mistakes founders make in hiring product teams. Learn how product-market fit is a journey—understanding your users can redefine strategies and transform businesses.
49:48
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Quick takeaways
- Choose customer satisfaction metrics over MPS for product success.
- Product leaders must build belief in product potential internally and externally.
Deep dives
Choosing Metrics for Customer Happiness
Choosing a metric that reflects customer happiness rather than relying on MPS is crucial for product success. This metric should be tied to an action in the product that signifies satisfaction or usage, helping to gauge customer sentiment.
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