20Product: How Canva Builds Products: Lessons Learned, What Works? What Flopped? The Top 5 Product Lessons in Scaling to 185M Monthly Active Users with Canva Co-Founder and Chief Product Officer, Cameron Adams
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
Importance of Resource Allocation in Product Development
The speaker learned to trust their instincts more after a past mishap, emphasizing the importance of believing in what they create. Product reviews are done constantly without a fixed cadence, adapting to specific milestones. These reviews involve key team members like the speaker, Mel, and the head of product, Rob, along with relevant team members based on the product area. The company boasts around a hundred machine learning engineers with a focus in visual AI, spread across Vienna and Sydney. These engineers work on various aspects of the product from behind-the-scenes data work to more visible features like photo editing. The challenge of resource allocation is highlighted, where leaders need to decide between investing in unseen infrastructure or visible new features to attract more users and revenue.
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