20Growth: Top Five Lessons from Leading Analytics at Facebook and Data Science at Sequoia Capital, The Two Skills Required to do Analytics Well, The Three Types of Execs within Companies and When and How to Hire for Growth with Chandra Narayanan
Mar 13, 2024
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Chandra Narayanan shares insights on transitioning from weather analysis to leading analytics at Facebook. He discusses growth principles, hiring top growth teams, and lessons learned from Facebook and Sequoia. Discover key questions for hiring, the three types of tech execs, and when to hire each. Learn about North Star metrics for business growth and the art of data-driven influence. Explore the shift to strategic frameworks in analytics and addressing team underperformance.
Transitioning from weather analysis to leading analytics at Facebook requires strategic insights and perseverance in career growth paths.
Growth leadership demands a clear understanding of when to hire, the right profiles for growth roles, and cultivating effective growth teams.
Hiring practices for growth teams should focus on essential skills, using case studies for candidate evaluation, assessing motivation, and understanding different types of executives in tech.
Deep dives
Hiring the Right Growth Leaders
Hiring the right growth leaders is crucial for a company's success. It is essential to find individuals who align with the company's mission, work well with their colleagues, contribute to a culture of learning, and believe in the company's upward trajectory. When all these aspects align, employees are more likely to stay committed and engaged.
Impactful Influence and Leadership Skills
Influence and leadership skills are vital for navigating challenges and inspiring change within an organization. Understanding how to effectively influence others based on their receptiveness, using storytelling, and adapting communication styles can significantly impact decision-making processes and team dynamics.
Analytical Skills and Hypothesis Development in Influence
An effective hiring process involves identifying candidates with a body of skills suited to the role's requirements. For growth and analytics teams, skills such as problem breakdown, technical proficiency, data analysis, insight generation, and decision-making are essential. A strong emphasis on indexing (comparing benchmarks) and asking the 'so-what' question (evaluating significance) can streamline analysis and drive actionable insights.
Strategic Decision-Making and Problem-Solving
Strategic decision-making is at the core of analytical roles, emphasizing the ability to index and evaluate the significance of data effectively. By breaking down complex problems, leveraging technical skills, and mastering the art of influence and storytelling, professionals can drive impactful changes within their organizations.
Understanding the Importance of Adapting Payment Methods for Local Markets
Adapting payment methods to fit local market preferences can significantly impact the conversion rates of companies. In the podcast, the example of MongoDB in Germany highlighted how lacking payment options, like using banks instead of credit cards, led to a substantial decrease in conversions. By understanding the specific needs and habits of consumers in different regions, businesses can tailor their payment methods to improve overall conversion rates.
Significance of Simplification and Clear Communication in Senior Executives
The podcast emphasized the critical importance of simplicity and clear communication skills in senior executives. It's highlighted that the ability to simplify complex problems shows clarity of thought and first principles thinking. Senior leaders who can simplify intricate issues effectively are better equipped to drive growth and lead their teams towards success. This skill is crucial for navigating challenges and making strategic decisions, ultimately leading to improved outcomes for the company.
Chandra Narayanan is one of the growth and analytics OGs having spent 7 years at Facebook leading analytics for the Facebook App and for Instagram. After Facebook, Chandra became Chief Data Scientist @ Sequoia Capital, helping Sequoia, find, select and help the best entrepreneurs in the world. Today, Chandra is the Founder & CEO @ Sundial, building products to help builders make meaningful use of data to fulfill *their* mission.
In Today's Episode with Chandra Narayanan
1. From Working on the Weather to Leading Analytics at Facebook:
How did Chandra make his way from analyzing weather patterns to leading analytics for Facebook?
What does Chandra know now that he wishes he had known when he started his career in growth?
How did one piece of advice from his manager at Paypal change Chandra's mind forever on "quitting" and when to "quit"?
2. Growth and Analytics 101:
What does growth mean to Chandra? What is it? What is it not?
When is the right time to hire a growth team/person?
What is the right profile for the first growth hires?
3. How to Hire the Best Growth Teams in the World:
What are the must-ask questions when hiring for growth?
How does Chandra use case studies to determine the quality of a candidate?
What does Chandra believe are the four main reasons people go to work?
What are the three different types of execs in tech? How do you know when you need each one?
4. Lessons from Leading Analytics at Facebook and Sequoia:
What are 1-2 of Chandra's biggest takeaways from leading analytics at Facebook?
What does Chandra believe are the two core skills needed to do analytics well?
How can you easily test if someone is good at analytics?
How did being Chief Data Scientist @ Sequoia change Chandra's perspective on growth?
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