Canva co-founder and Chief Product Officer Cameron Adams explains how moving from per-asset microtransactions to an all-inclusive subscription accelerated Canva's revenue.
“So much so that three or four years later, we made image element payments part of the subscription. And again, that was like a second hockey stick in gross in terms of the revenue from the subscription, because all you can eat images inside the Canva Pro subscription with just amazing value value adds for people.”
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More from Cameron Adams
AssertionNot checkable as stated
Adams: Canva does not have traditional managers
“We don't really have managers.”
Cameron AdamsJun 2, 2024▶ 21:55Inside Canva: Coaches not managers, giving away your Legos, and embracing AI | Cameron Adams
Opinion
Tech companies shouldn't build proprietary LLMs because they are now commoditized
“You don't need to create an LLM because it's a commodity thing now, and there's a bunch of providers who can do it way better and have way more resources to do it with than you do.”
Cameron AdamsJun 2, 2024▶ 57:22Inside Canva: Coaches not managers, giving away your Legos, and embracing AI | Cameron Adams
AssertionNot checkable as stated
Lead investor demanded a 50% valuation cut two days before Canva's closing
“Got to the stage where every other investor in the round had signed on. They were like super excited. They'd wired the money into our bank accounts already. They'd signed all the long docs, but the lead investor hadn't, and about two days before they were due …”
Cameron AdamsJun 2, 2024▶ 6:02Inside Canva: Coaches not managers, giving away your Legos, and embracing AI | Cameron Adams
AssertionNot checkable as stated
Canva employs 800 to 1,000 internal coaches instead of traditional managers
“So we've got probably close to 800 or a thousand coaches now at Canva.”
Cameron AdamsJun 2, 2024▶ 23:17Inside Canva: Coaches not managers, giving away your Legos, and embracing AI | Cameron Adams
Opinion
Google approaches product management primarily from a technical scaling perspective
“Google's a fantastically engineering driven culture. And the way that they think about product management is mostly in the technical sense of like, Here's a piece of technology. What can that technology do? How do we scale it?”
Cameron AdamsJun 2, 2024▶ 25:26Inside Canva: Coaches not managers, giving away your Legos, and embracing AI | Cameron Adams
Disclosure
Canva board decks use only one financial slide due to massive growth
“In terms of board meetings, I think it's been very helpful that our financials and our growth have been amazing for so many years that we don't need to focus on it. And we can just have that one slide with the graph going up and up and to the right.”
Cameron AdamsJun 2, 2024▶ 11:13Inside Canva: Coaches not managers, giving away your Legos, and embracing AI | Cameron Adams
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