Mayur Kamat
Founder, RetireOdds. On 1 show, 1 appearance. The Shows tab opens the full record on each.
executiveoperatorfounder@5degreez ↗LinkedIn ↗retireodds.com ↗
Mayur Kamat is a veteran product leader who served as Chief Product Officer at digital bank N26 and Global Head of Product and Design at cryptocurrency exchange Binance. Prior to these roles, he worked on products across Google, Microsoft, and Agoda.
1shows
1appearances
26statements
3resolved
0supported
1contradicted
0%fully supported
Everything Mayur Kamat said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Binance CEO CZ managed 55 direct reports in a two-layer organization
“CZ, the founder and CEO at one point had like 55 direct reports. And his direct reports had about the similar ones. So for a large portion of the history of the company, there was just one level between the individual employees and the CEO, right?”
Tech executives earn 90% of career compensation in their final five years
“If you're truly on a track to become like a, an executive someday or found your own company and make it successful, you will find that the compensation is so much backloaded. That you would make 90% of your compensation in the last five years of your career.”
A fully booked calendar is a badge of shame, not honor
“A full calendar is a badge of shame, not a badge of honor.”
Founder DNA actively prevents tech giants from succeeding in misaligned product categories
“I have this premise that certain companies can never succeed at certain type of products, right? Like Microsoft with mobile or Google with social or Facebook with enterprise, right? It's just the DNA of the founder actively acts against you succeeding there.”
The Google Hangouts team invented WebRTC, which now powers global communications
“We, the Hangouts team invented WebRTC. Right now, every single communication in the world happens on WebRTC.”
Binance hit a $400B peak valuation with 2,000 employees in five years
“They went within five years to add a peak valuation of somewhere like four hundred billion or so with 2000 employees. Right? So that's zero to four hundred billion in five years.”
Binance employee bonuses ranged from 0% to 500% of base salary
“Because I mean, our bonus structure went from, like, zero percent to, like, 500%, right?”
Global crypto utility is driven by USD stablecoins, not Bitcoin speculation
“And when we see, look at like live in Europe or in US and we think about crypto, it's largely about speculation or Bitcoin. For most of the world, they just need access to a US dollar stable coin, right?”
Product managers seeking work-life balance should not pursue the CPO track
“The moment you start having those conversations, you are probably not on that track. Like you should not be on that track because the moment the word work-life balance comes I think Jeff Bezos has this thing that he hits the word because it means like they're …”
Product strategy decks are often just packaged intuition for loud voices
“A lot of people think, like, strategy is about, like looking at portors, port forces, a lot of slides. We're looking at some data and slicing it and saying we need to go here or there. All of it is largely a, some sort of package intuition, and the challenge w…”
N26 automates 60% to 70% of routine customer support inquiries using AI
“But for solving, like, the bottom 70 percentile problems why is my card declining? Why is there a hold on my card on? What happened to the replacement card I shipped? Why is it not arrived? Like, basic questions. AI automating now, almost, we have 60, 70% of t…”
Product teams should avoid 6-to-12-month projects because macro conditions change rapidly
“Just don't take on projects that are going to be six months, a year because you just generally don't have control over the macro. Things just move way, way more faster, and that's probably cemented my kind of now product philosophy of just doing small things v…”
Binance leadership met daily at 11 p.m. Singapore time, including weekends
“The leadership team, for example, met every day. And because the leadership team was spread across the world, we met at like 11 p.m. When I was in Singapore every day. That includes the weekends, holidays, like the leadership team was there 11 p.m. Every singl…”
Binance signup conversion crashed from 100% to 2% after mandatory KYC
“And then it suddenly became regulated where you had to almost have a full KYC flow like a bank. And that just meant that the conversion rate dropped from let's say a hundred percent to like two percent.”
Fintech PMs face existential trade-offs between user and regulator demands
“FinTech, you have two customers. You have your usual customers, and you have your regulator. And you need to keep both of them happy. And usually what makes one happy, it makes the other one less happy, right? So you are constantly dealing with trade-offs. Lik…”
Agoda paid psychologists $5,000 to assess every product manager candidate interviewed
“We used to pay a psychologist 5000 dollars for every single PM we interviewed.”
Mastering product experimentation is an elite, career-defining skill
“All the people, companies I talk to, the amount of companies that are truly world-class at experimentation is so low. That if you work in one of these companies and you build this tool set, you can build a whole career on this, right? You can go to any other c…”
Banking is naturally self-hedged across changing interest rate and spending cycles
“When things get tough on one side of our business, the interest rates, let's say, go high spending goes down, but we make money on deposits. When interest rates go down, spending increases, so we make more money on interchange, right, and investments. So it's …”
Dubai has developed exceptionally high talent density for the crypto industry
“For crypto, I would say Dubai is, is it like very strong, very great has a really high density there, but again, it's a very industry specific.”
The highest-leverage business problems are almost always related to growth or compliance
“In most mean 10 companies, one of two problems. Is it a growth problem or a compliance problem? Because both of them can have a negative or positive 10 x impact.”
AI coding co-pilots deliver an 18% to 25% productivity boost for developers
“Rough data, maybe somewhere between 18 to 25% productivity boost for a developer, which is fairly massive, right?”
Suno's core technology is magical, but its onboarding and growth design suck
“Their onboarding flow socks and their growth product is, if I were the PM on Suno, I would do things a lot differently, but their core tech is magical.”
Binance scaled its compliance team from 20 to 500 in three months
“We said, I want, we had like a team of 20 people working on KYC. And we said for the next three months, we want 500.”
An iOS 4 bug triggered a 1,000x server load spike for Gmail
“And it was a bug in iOS four. This is a long time ago, which caused every single user to pull the entire Gmail inbox, resync the whole inbox. So the bug on the Apple side is going to take two, three weeks to fix. And it was causing like a thousand X load to ou…”
One line per show, most statements first. The link opens Mayur's full record on that show: the calibration, argument clarity, speaking style and every statement made there.
| Show | Role there | Eps | Statements | Record | |
|---|---|---|---|---|---|
 LENNY'S PODCASTLEDGER | Founder, RetireOdds | 1 | 26 | 0% 0/3 | full record on Lenny's Podcast → |