Mike Hudack

18 statements across 1 episodes · 4 bullish · 2 bearish · 1 people on the record · first statement Sep 13, 2024 by Mike Hudack · across every show →

On the record as a speaker too: Mike Hudack's record, appearances and statements → this page counts the times other people say the name.

Everything said about Mike Hudack, oldest first

Sep 13, 2024 positive
Assertion Not checkable as stated
Hudack: Every founder I've worked with operated in 'founder mode'
“Every founder that I've worked with or for has operated in one way or another in founder mode.”
Mike Hudack Sep 13, 2024 ▶ 1:48 Mike Hudack: How Facebook, Monzo and Deliveroo Build Great Products | E1201 · 20VC with Harry Stebbings
Sep 13, 2024
Insight
Hudack: Advertisers care about sales outcomes, not complex targeting tools
“They don't really want to target their ad. They don't want to think about optimization. They don't want to think about, like, they want to sell more products, you know, and so the simpler machine you can give them to do that effectively, the better.”
Mike Hudack Sep 13, 2024 ▶ 7:54 Mike Hudack: How Facebook, Monzo and Deliveroo Build Great Products | E1201 · 20VC with Harry Stebbings
Sep 13, 2024 neutral
Assertion Contradicted
Hudack: Monzo's website didn't mention the word bank initially
“When I first started working there we didn't actually say the word bank anywhere on the website.”
Mike Hudack Sep 13, 2024 ▶ 47:36 Mike Hudack: How Facebook, Monzo and Deliveroo Build Great Products | E1201 · 20VC with Harry Stebbings
Sep 13, 2024 negative
Disclosure
Hudack argued strongly against Monzo shipping crypto products
“I argued very strongly against, against shipping crypto products. You know, I didn't think it was the right thing to do for our audience, for our user base at the time.”
Mike Hudack Sep 13, 2024 ▶ 47:18 Mike Hudack: How Facebook, Monzo and Deliveroo Build Great Products | E1201 · 20VC with Harry Stebbings
Sep 13, 2024 positive
Opinion
Hudack: Facebook is the best-run company I've ever worked at
“Facebook is still very much the best run company I have ever worked at.”
Mike Hudack Sep 13, 2024 ▶ 3:28 Mike Hudack: How Facebook, Monzo and Deliveroo Build Great Products | E1201 · 20VC with Harry Stebbings
Sep 13, 2024
Insight
Hudack: Unprepared product teams kill projects prematurely after missed launch targets
“You know, emotionally prepared for having to do that work, and if you're not emotionally prepared for doing that work then, you know, when you don't hit your goals with a launch, what happens is the team and everybody around the team who makes decisions around…”
Mike Hudack Sep 13, 2024 ▶ 53:08 Mike Hudack: How Facebook, Monzo and Deliveroo Build Great Products | E1201 · 20VC with Harry Stebbings
Sep 13, 2024 positive
Insight
Hudack: Respect founders who shut down with cash over burning to zero
“I can speak for myself as an angel investor. The level of respect I have for somebody who comes to me with half of the money still in the bank and just says, hey, we were wrong about this, and has a conversation either about selling the company or shutting it …”
Mike Hudack Sep 13, 2024 ▶ 12:48 Mike Hudack: How Facebook, Monzo and Deliveroo Build Great Products | E1201 · 20VC with Harry Stebbings
Sep 13, 2024
Insight
Hudack: Product design is helping users achieve goals with minimal effort
“I think the real art of product, the true thing, is understanding what people want to achieve and helping them achieve that with the minimal amount of work.”
Mike Hudack Sep 13, 2024 ▶ 0:00 Mike Hudack: How Facebook, Monzo and Deliveroo Build Great Products | E1201 · 20VC with Harry Stebbings
Sep 13, 2024
Insight
Hudack: Founders and employees know in their souls when products fail
“Well, I really believe that, you know, people in their soul know that long before you tell them that, and I think that that's true of people who are, You know, doing a bad job in a job, or it's true of people who are building a product.”
Mike Hudack Sep 13, 2024 ▶ 11:55 Mike Hudack: How Facebook, Monzo and Deliveroo Build Great Products | E1201 · 20VC with Harry Stebbings
Sep 13, 2024
Insight
Hudack: Turn around low team morale with quick wins and compelling mission
“Well, I think there are two things that are very important. You need to give people a win. You know, so Page Insights that we talked about earlier is an example of a win like that. You know, well, we can be proud about a thing that we shipped. And then I think…”
Mike Hudack Sep 13, 2024 ▶ 54:44 Mike Hudack: How Facebook, Monzo and Deliveroo Build Great Products | E1201 · 20VC with Harry Stebbings
Sep 13, 2024
Insight
Hudack: A leader's job is not always to cheerlead
“First of all, I don't think that a leader's job is always to cheerlead. I think sometimes a leader's job is to say, hey guys, we're in a really tough situation here, or-”
Mike Hudack Sep 13, 2024 ▶ 53:46 Mike Hudack: How Facebook, Monzo and Deliveroo Build Great Products | E1201 · 20VC with Harry Stebbings
Sep 13, 2024
Insight
Hudack: Founders should not write code before establishing a theory of the world
“I really believe that before you build something, you should have a theory of the world. You should, you know, understand who your user is, what they want to accomplish. You should understand your strengths and weaknesses in doing that and have a, you know, a …”
Mike Hudack Sep 13, 2024 ▶ 10:05 Mike Hudack: How Facebook, Monzo and Deliveroo Build Great Products | E1201 · 20VC with Harry Stebbings
Sep 13, 2024 positive
What-if
Hudack would have expanded Monzo globally if regulation hadn't restricted it
“I would have grown Monzo globally.”
Mike Hudack Sep 13, 2024 ▶ 45:07 Mike Hudack: How Facebook, Monzo and Deliveroo Build Great Products | E1201 · 20VC with Harry Stebbings
Sep 13, 2024
Insight
Hudack: Product art sets user choice balance; data science refines it
“The art is picking the place. The science then is like evaluating, you know, in a controlled experiment, looking at the data to understand whether or not you've, Selected your point in this curve, this gradient, too far to the left or too far to the right, and…”
Mike Hudack Sep 13, 2024 ▶ 37:05 Mike Hudack: How Facebook, Monzo and Deliveroo Build Great Products | E1201 · 20VC with Harry Stebbings
Sep 13, 2024
Insight
Hudack: Product teams should be 6-8 people and PMs are optional
“I think every product team should be probably between six to eight people. Most of those people should be engineers. If possible, one of those people should be a data scientist. One should be a designer. And then I think a PM is optional.”
Mike Hudack Sep 13, 2024 ▶ 0:10 Mike Hudack: How Facebook, Monzo and Deliveroo Build Great Products | E1201 · 20VC with Harry Stebbings
Sep 13, 2024 negative
Insight
Hudack: Nice-to-have features cost more and deliver less than expected
“I think that I've learned over the years that everything which is nice to have has a higher cost than you anticipate and a lower value returned.”
Mike Hudack Sep 13, 2024 ▶ 15:39 Mike Hudack: How Facebook, Monzo and Deliveroo Build Great Products | E1201 · 20VC with Harry Stebbings
Sep 13, 2024
Insight
Mike Hudack: Product teams should prioritize customer outcomes over shipping goals
“That team should work together against, like, clear, coherent, outcome-based goals, which are not SHIP goals, but are like, we are going to increase the, you know, the revenue that we generate for this thing by 10% is like a decent goal, but a better goal is w…”
Mike Hudack Sep 13, 2024 ▶ 8:48 Mike Hudack: How Facebook, Monzo and Deliveroo Build Great Products | E1201 · 20VC with Harry Stebbings
Sep 13, 2024 neutral
Insight
Hudack: A product is only good if unfeigned usage data proves it
“If you build something, and you give it to a bunch of people, and they don't use it, and they don't show that they enjoy it in ways that cannot be lied about, meaning they're spending time, they're moving money with it, they're, you know, talking to their frie…”
Mike Hudack Sep 13, 2024 ▶ 20:31 Mike Hudack: How Facebook, Monzo and Deliveroo Build Great Products | E1201 · 20VC with Harry Stebbings
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