The Ledger

Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.

clear all ✕

why aren't all 52 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable

Opinion
Geoff Charles: American Express Does Not Know How to Build Software
“And like Amex is like, it does not know how to build software. It is an incredible company with an incredible brand and an incredible card and merchant product. But they're a far cry away from being a SaaS company.”
Geoff Charles Dec 6, 2023 ▶ 41:27 Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
Opinion
Founders Do Not Need to Remain Head of Product
“I listened to that and I love that. I don't agree. And again, this is the Shopify, you know, obviously, you know, Toby's like very involved in the product surface area at ramp. I think we have Slightly different approach. I think that the, our founder Eric is …”
Geoff Charles Dec 6, 2023 ▶ 49:10 Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
Insight
Freeze Headcount for New Executive Hires for at Least Six Months
“Don't hire executives that will then hire people under them, because that obfuscates a lot of their performance, and so be clear to the leaders that you're hiring, like, you're not gonna have headcount for at least, like, six months. You're gonna have to do th…”
Geoff Charles Dec 6, 2023 ▶ 6:12 Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
Insight
Company Stage Experience Matters Far More Than Category Experience for PMs
“I think the category Is not that relevant. You know, I come from more consumer than B to B. And I think that's actually an advantage because you're focusing on metrics. You're focusing on conversion. You're focusing on models like lead scoring and lead routing…”
Geoff Charles Dec 6, 2023 ▶ 6:51 Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
Insight
Leaders Must Fire Team Members Who Are Less Ambitious Than the Core
“If you have a core team that's ambitious and you have one person in the team that's not as ambitious as that team, you need to part ways with that person. Because it briefly lowers the bar and everyone becomes demotivated.”
Geoff Charles Dec 6, 2023 ▶ 15:45 Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
Opinion
Facebook and Stripe Have Struggled to Expand Beyond Core Markets
“Whether it's like Facebook trying to enter the B to B space, whether it's Stripe trying to actually go from like developers and SME to finance teams in, in, in the enterprise. It's hard. And we actually haven't seen that much success.”
Geoff Charles Dec 6, 2023 ▶ 40:25 Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
Prediction Not checkable as stated
Software UIs Will Shift From Tables to Conversational Interfaces
“So a hundred percent, I think the software is going to look a lot less like tables, graphs, and dropdowns, and a lot more like a conversation Where I release a UI that is extremely dynamic, that abstracts the data that you actually would need to see, and just …”
Geoff Charles Dec 6, 2023 ▶ 48:32 Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
Insight
Founders or First PMs Must Sell the First 100 Customers
“The founder or the first product manager should be selling the first hundred customers.”
Geoff Charles Dec 6, 2023 ▶ 8:47 Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
Insight
Product Managers Should Attend Every Sales Demo to Find Pain Points
“Products should sit with sales and should be in every single sales demo and use the sales process as a way to identify pain points.”
Geoff Charles Dec 6, 2023 ▶ 0:05 Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
Insight
Early Product Teams Should Act Like Professional Services Organizations
“You actually should be like a bit more professional services oriented as a product team earlier on.”
Geoff Charles Dec 6, 2023 ▶ 9:51 Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
Insight
Tailored Products for Design Partners Beat Best-in-Class SaaS Incumbents
“If you actually find one or two design partners and you just build for them, they will love you way more than the best in class SaaS product that's already in the market.”
Geoff Charles Dec 6, 2023 ▶ 0:16 Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
Insight
Startups Should Hire ICs Before Go-To-Market Leaders to Test Strategy
“Be super clear on the strategy, hire and hire more more IC level people who can show you the right path and test whether that strategy is the right strategy for you.”
Geoff Charles Dec 6, 2023 ▶ 5:24 Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
Assertion Not checkable as stated
Ramp Limits Recurring Product Development Meetings to Two One-Hour Sessions
“There are no other meetings that are recurring. In the entire product development process. Those are the only two one hour meetings that happen.”
Geoff Charles Dec 6, 2023 ▶ 12:52 Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
Insight
GTM Teams Must Stay Single-Product Focused Until Securing Strong Market Share
“So I think that for the majority of the company, You need to be like single product oriented for a very long time until you get to the really good market share. But as a tech team, you actually need to have an R and D department that is constantly shipping new…”
Geoff Charles Dec 6, 2023 ▶ 25:04 Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
Insight
OKRs Encourage Political Gaming by Focusing on Metrics Over Strategy
“The reason why I don't like The framework is that it doesn't actually talk about strategy. It just gives a goal and then it just tells the team like, go hit this goal, but there's no thinking on the exec level about like how we can actually achieve that goal a…”
Geoff Charles Dec 6, 2023 ▶ 29:18 Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
Insight
Effective Product Team Metrics Must Be Moveable Within a Two-Week Sprint
“The question really is around metric setting is like, can I As a team, in a two-week sprint, move this metric. And if I can, it's a great metric. If I can't, It shouldn't be part of really our goals.”
Geoff Charles Dec 6, 2023 ▶ 32:17 Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
Insight
Products Usually Fail Because the Underlying Hypothesis Was Wrong
“I think oftentimes PM are enamored with their solution and they're not actually good at defining the hypothesis that led them to that solution. And they just ship this product and the product doesn't work. And then they have to go back and say, like, why didn'…”
Geoff Charles Dec 6, 2023 ▶ 35:44 Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
Insight
Remote Work Erodes Trust Without In-Person Meetings
“Oftentimes trust is eroded if you don't actually meet in person.”
Geoff Charles Dec 6, 2023 ▶ 38:09 Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
Disclosure
Ramp Invests in and Acqui-Hires Startups as Product Testing Beds
“We invest in new players. We acquire you know, aqua hire great talent. And we actually use that as a testing bed to figure out, like, what's working, and we include that in our product strategy.”
Geoff Charles Dec 6, 2023 ▶ 42:00 Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
Insight
Geoff Charles Prefers Customer-Segment Feature Flags Over Deprecating Software Features
“I would much rather have a lot of features that we can turn on and off based on the segment and based on the needs and continue testing rather than deprecating.”
Geoff Charles Dec 6, 2023 ▶ 43:18 Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
Insight
PMs From Facebook and Google Often Lack Strong Product Intuition
“I've oftentimes you have PMs from, you know, the Facebooks and Googles of the world that are actually just good at testing. And moving metrics, but their intuition oftentimes isn't actually locked into customer research and actual customers.”
Geoff Charles Dec 6, 2023 ▶ 46:41 Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
Insight
Founders Should Micromanage New Product Hires During Their First Month
“Be a super micromanager the first month and then signpost that with your hire and then step off and step out and be very clear on the outcomes you're trying to drive.”
Geoff Charles Dec 6, 2023 ▶ 56:25 Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
Insight
Product Managers Default to Confirmation Bias in Customer Research
“Oftentimes like product managers, they have an idea and they ask the question to validate their idea and it's actually the wrong idea.”
Geoff Charles Dec 6, 2023 ▶ 2:04 Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
Insight
Product Managers Spend Too Much Time in the Office
“Oftentimes just PM spend way too much time In the office, and I think that that's just a huge downside for your team.”
Geoff Charles Dec 6, 2023 ▶ 2:33 Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
Disclosure
Ramp's Biggest Early Hiring Mistakes Were in Go-To-Market Roles
“The biggest mistakes were probably on, on on, on go to market earlier on, you know, we hired people who had seen success in growth.”
Geoff Charles Dec 6, 2023 ▶ 4:26 Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
Insight
Evaluate New PMs by Embedding Them Into Existing High-Performing Teams
“For ICPMs on my team, I basically place them in teams that are high performing. And I, and we immediately see whether they are, they're at the bar. So, so you take basically something that is fixed, you add a variable and you, and if anything changes, right, i…”
Geoff Charles Dec 6, 2023 ▶ 5:40 Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
Insight
Managers Should Know if a Hire Will Succeed Within Three Months
“I think within three months, you should actually be able to say and figure out, like, is this person gonna hit it out of the park, or is this person not gonna work out?”
Geoff Charles Dec 6, 2023 ▶ 6:28 Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
Disclosure
Early Ramp Teams Manually Logged Into Customer Software to Switch Cards
“We were extremely aggressive in terms of making it super easy for them to switch. And what I meant by that is like, we literally had teams say, give me your old credit cards. I will log in to all of your other software and I will switch your cards for you. I w…”
Geoff Charles Dec 6, 2023 ▶ 10:48 Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
Insight
Let Product Team Members Sign Up for Work Instead of Assigning Tasks
“So don't assign, but have people sign up.”
Geoff Charles Dec 6, 2023 ▶ 12:32 Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
Assertion Not checkable as stated
Ramp Engineers Publicly Self-Assign Sprint Goals and Report Results
“We basically have engineers that sign up and then we post publicly here are our goals and here's who's doing what. And so the scoreboard is super, super clear. And then before the start of the next sprint, we basically go and say, this is what we wanted to ach…”
Geoff Charles Dec 6, 2023 ▶ 13:50 Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
Insight
Leaders Must Treat Employees Like Founders to Build High Autonomy
“Don't treat your employees like babies because they will become babies or you will hire babies or you will meet, retain babies. Instead, like treat them like founders themselves.”
Geoff Charles Dec 6, 2023 ▶ 15:30 Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
Insight
Early-Stage Startups Must Focus Purely on Shipping Speed
“You couldn't afford to do that earlier on. You would, you just have to have an existential crisis and ship as quickly as you can.”
Geoff Charles Dec 6, 2023 ▶ 18:40 Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
Assertion Not checkable as stated
Ramp Practices Building in the Open With Cross-Team Commenting
“We have a culture at RAMP where even if you're not in the team, you can Advise and leave comments and suggestions to other teams. And we build in the open. And so what I mean by that is like, if you're a salesperson, you can go into my product spec and leave a…”
Geoff Charles Dec 6, 2023 ▶ 19:21 Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
Insight
High Velocity Requires Single Decision-Makers and a Disagree-and-Commit Culture
“I think what you need to do, though, is you need to empower the person to make the decision, and when the decision is made, you need to commit, even if you disagree, and you need to align on the outcomes.”
Geoff Charles Dec 6, 2023 ▶ 22:03 Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
Insight
Pre-Product-Market Fit Software Systems Usually Have a 12-18 Month Shelf Life
“When you're pre-product market fit, you know, it's very easy to try to build systems that have extremely long shelf life, and I think you should only do that if they are Very high confidence, meaning like you know that this system is going to be alive for a ve…”
Geoff Charles Dec 6, 2023 ▶ 23:13 Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
Insight
A Startup's Second Product Should Leverage Existing Core Systems
“Because you should typically go after a second product that has you know, economies of scale in terms of systems you've already built.”
Geoff Charles Dec 6, 2023 ▶ 23:52 Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
Insight
Launch New Products via PLG Before Enabling Sales Teams
“What we typically do is we start at the bottom of the market with product led growth on those products. And so there is actually no like sales and very little marketing. We use that to prove the business case to the sales team. And we continue iterating on the…”
Geoff Charles Dec 6, 2023 ▶ 26:44 Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
Insight
Existing Customers Should Receive Product Betas Before Public Launch
“Market to your customers differently than to the market that your customers should already be probably on a beta before you even announce it to the market.”
Geoff Charles Dec 6, 2023 ▶ 28:27 Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
Insight
Product Teams Should Focus on Only One or Two Goals
“Each team should probably have one, maybe two goals. And then as a tech organization or as a pride team, we try to synthesize those and aggregate those into like three, maybe four.”
Geoff Charles Dec 6, 2023 ▶ 33:29 Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
Insight
Multi-Quarter Repeating Vision Statements Should Not Be Product Goals
“If you see yourself repeating the same goal for like many quarters at a time it's not motivating. And so something that's more like a vision or mission statement should not be a goal.”
Geoff Charles Dec 6, 2023 ▶ 34:00 Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
Insight
Non-Engineering Teams Suffer the Primary Impact of Product Failures
“Oftentimes, you know, when you screw up, it's not the engineering team that, that is affected. It's the customer service team. It's the account manager that had to apologize to the customer.”
Geoff Charles Dec 6, 2023 ▶ 37:19 Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
Disclosure
Ramp Has Historically Struggled With Deprecating and Taking Down Features
“At RAMP, we've shipped a lot of things and I don't think we've been like particularly good at like taking things down.”
Geoff Charles Dec 6, 2023 ▶ 42:42 Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
Insight
Product Teams Should Not Double Down Without Strong Secondary Hypotheses
“Oftentimes, you know, the first hypothesis was your main one, and you might not have a second one that's that strong. And if that's the case, then like, don't double down.”
Geoff Charles Dec 6, 2023 ▶ 43:41 Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
Insight
Early B2B Startups Should Hire PMs With Strong Product Intuition
“So when you're a startup, a B to B startup, like you should hire people with strong intuition or at the very least like strong ideas that they can very quickly invalidate with more qualitative data than quantitative data.”
Geoff Charles Dec 6, 2023 ▶ 46:26 Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
Insight
Failed Ex-Founders and Early Engineers Carry Ideal Product DNA
“People who were ex-founders that might not have succeeded or early engineers that, that have been coding for a long time that, that, that just want to build great things. And I think you find that DNA that, that really helps.”
Geoff Charles Dec 6, 2023 ▶ 51:19 Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
Assertion Not checkable as stated
Ramp Designs Interview Cases on Lateral Problems to Avoid Work Theft
“We do cases that basically are, like, lateral things about RAMP, so they're about something that we would never do, so that we never really, like, steal people's work, but something that is, like, somewhat relevant to RAMP”
Geoff Charles Dec 6, 2023 ▶ 51:58 Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
Insight
Product Candidates Who Cannot Convince Interviewers Cannot Guide Engineering Teams
“Largely what a product team really does with the engineering design team is like, they're the ones advocating for something and influencing teams. And so if you can't influence me, that this is a good idea. You're not gonna be able to influence the team.”
Geoff Charles Dec 6, 2023 ▶ 52:31 Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
Insight
PMs Must Excel in One Key Discipline Early in Their Career
“You got to spike at one thing. Either you deeply understand technology, so you're an X coder, you know how to code. Either you deeply understand business equations, you're an X VC, or you just read, like, 10 k's for fun, or you're just a deep snob when it come…”
Geoff Charles Dec 6, 2023 ▶ 55:24 Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 1,200 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.