Everything Geoff Charles said on any show that made the record, most notable first. Each card names its show and opens the statement there.
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.”
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 …”
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…”
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…”
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.”
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.”
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 …”
Ramp built competitors to American Express and Expensify in months
“In three months, we built a competitor to Amex. Six months after that, we built a competitor to expensify, you know, both publicly traded companies.”
Shield new product teams from organizational chaos until product-market fit
“Small teams have a single threaded focus give them the resources they need to execute, big lofty goals, very tight timelines, and then like shield them from the chaos that is the rest of the organization. Basically don't bother them and don't even tell the res…”
Fast-moving teams should stress-test product decisions at GA, not pre-beta
“It's the difference between a beta and the GA that that's where we really get plugged in when we make the decision to go live. To the rest of the customer base and asking sales to start selling. That's where I'll really come in and stress test the hypotheses a…”
Ramp's velocity is driven primarily by elite engineering and design talent
“Behind ramps velocity is a lot less like the culture that, that I try to amplify a lot more, the quality of the engineering and design talent candidly.”
Teams should only invest in planning accuracy where precision delivers high value
“Because accuracy has cost, make sure that you're only increasing the accuracy of planning for the things that have high value of that accuracy.”
Ramp replaced quarterly OKRs with a biannual one-pager of company priorities
“We moved from like quarterly, very expensive quarterly planning, which took one month every three months. So basically, 33% of the time was planning to a biannual one pager on these are the company priorities. And it's much more smooth and much faster.”
Ramp avoids OKRs for product teams to prioritize direct roadmap velocity
“I stay away from them from a product perspective, because again, I want to focus on velocity, which is just output, which is your roadmap. But they could, they're pretty strong at more of the cross-functional side of things as well as the financial side of thi…”
Ramp considers support tickets product failures and has support report to product
“Our support reports into me, and the first principle there was saying, well, every support ticket is a failure of our product. We literally have that as, you know, a quote just posted on, on, on all those channels. It's a failure. And our, if the product works…”
Empowering engineers and designers to think like product managers creates leverage
“Making everyone feel like a PM is a great way to get leverage as a PM. And that means basically empowering the designer to think about the actual specs and priorities and scopes more than you or empower the engineer to take something that's. Fairly lightweight…”
Ramp product managers never write tickets or manage Linear tasks
“We never write a ticket. We don't spend much time in, in, you know, linear, which is our ticket management system. We basically, our contract is the vision and the priority and a very high level spec and everything else is kind of Pushed on the engineering tea…”
Ramp's CTO focused solely on hiring elite talent in year one
“I mean, early, early on for the first year at ramp, Kareem our CTO was only focused on that. It was hiring the best talent. He was a lot less interested or focused on our product strategy or product market fit, or even our revenue. It was all about bringing in…”
Founders or First PMs Must Sell the First 100 Customers
“The founder or the first product manager should be selling the first hundred customers.”
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.”
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.”
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.”
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.”
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.”