20Product: What Facebook, Monzo and Deliveroo Do and Do Not Do To Build Great Products | How to Structure Product Teams For Success | Is Simple Always Better in Product and The Art vs Science of Product Design with Mike Hudack
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
Prioritize What Matters: Avoid Nice-to-Haves
Building products requires careful consideration of various costs, including construction, maintenance, communication with users, and opportunity costs. Just focusing on the immediate team involved isn't enough; one must also recognize what other valuable projects could have been undertaken instead. When faced with a 'nice to have' project, the inclination should be to refrain from pursuing it in favor of initiatives that create genuine value for users, the company, and shareholders. Experience shows that so-called nice to haves often entail greater costs and deliver lower value than expected, underscoring the need to prioritize meaningful contributions over superficial enhancements.
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