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Unconventional product lessons from Binance, N26, Google, more | Mayur Kamat (CPO at N26, ex-Binance Head of Product)

Overview

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Unconventional product lessons from Binance, N26, Google, more | Mayur Kamat (CPO at N26, ex-Binance Head of Product)

Lenny's Podcast: Product | Career | Growth

2025/05/22
Lenny's Podcast: Product | Career | Growth

Lenny's Podcast: Product | Career | Growth

2025/05/22
OverviewShownoteHighlightsTranscriptChaptersPins

Shownote

Mayur Kamat is the chief product officer at N26—a $9 billion neobank serving over 7 million customers in 25 countries—where he leads product, design, data, and research. Prior to N26, Mayur was Head of Product at Binance, growing the crypto exchange to a p...

Highlights

Mayur Kamat, the chief product officer at N26, shares insights into his career journey and leadership philosophy in fintech. With extensive experience at companies like Binance, Google, and Agoda, Mayur discusses how to navigate high-leverage opportunities, focus on strengths, and build a fulfilling career in product management.
10:51
With crypto regulation, KYC became a major challenge affecting user conversion rates.
21:15
Early in your career, focus on strengths rather than compensation.
30:02
Early success in startups creates dense networks for future collaboration.
34:30
Fintech involves complex problems requiring skilled product managers.
44:11
Product strategy is overrated; focus on moving from hypothesis to data quickly
44:47
Operationalize experimentation using tools like Statsig and cohort analysis.
54:07
Banking is a self-hedging business; when interest rates rise, spending drops but money is made on deposits.
54:53
A bank diversified its product portfolio to include lending and savings products.
57:09
Work in talent-dense areas early in your career
1:02:43
Living abroad improves empathy for global product constraints.
1:06:32
Focus on problems with significant positive or negative impact.
1:18:13
Focus on good development tools and avoid unnecessary content expansion.
1:22:34
The Hangouts team invented WebRTC, revolutionizing global communication
1:33:15
Suno.ai can turn written content into sea-shanty style songs.

Chapters

Introduction and Mayur’s background
00:00
Working at Binance: An inside look
04:49
Career advice for product managers
18:18
PM career paths
27:00
Understanding fintech customers
33:58
Understanding your strengths
36:00
Creating a culture of experimentation
44:46
Hiring and developing top talent
51:14
Building a diverse product portfolio
54:50
Working in high talent density areas
57:08
Personal and professional balance
59:43
High-leverage opportunities and decision making
1:06:32
AI tools in the workplace
1:14:28
Failure corner
1:19:14
Lightning round and final thoughts
1:25:11

Transcript

Mayur Kamat: My probably most spectacular failure was I was the first PM on Hangouts. We had thousands of people working for me. We had the entire power of Google. We had Larry literally sitting with us, saying, we can do anything we want Chrome to do. And...