“And then a city planner is a PM that's really good at mature products, really good at driving efficiencies at scale. They have the city. They, everything that they do touches hundreds, thousands, millions of customers immediately. And so the type of PM that you need for something like that is going to be very different than a zero to one PM. And so when you, when people, especially founders say, I don't want a PM, I think it's because they're thinking of a mature, a city planner, when they could find an A former entrepreneur, a former founder, a good pioneer to build out the next set of products, or they really need somebody who's great at growth and like starting to put some of the process in, but not build it to the point of, you know, I'm a big mature enterprise company anymore.”
quote is from the automated transcript, cleaned for reading:
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More from Rohini Pandey
Insight
Pandhi: Seed-stage founders should never hire PMs and do the job themselves
“And like, I think whenever I talk to any small seed stage company who's asking, should I hire a PM? I'm like, absolutely not. Until you cannot do the job anymore, you yourself should be the PM. The co-founders, the founders, they need to be that.”
Rohini PandeyJan 12, 2025▶ 8:12How to build your product team from scratch, attract top product talent, go multi-product, and more
AssertionNot checkable as stated
Pandey: Mercury's converted business leads struggled with core PM competencies
“The problem with that became they weren't PMs. They didn't have experience in the PM role. And so kind of the core, maybe the basics of what product management needed internally were missed. Like, strategic planning wasn't exactly right, or road mapping was re…”
Rohini PandeyJan 12, 2025▶ 11:45How to build your product team from scratch, attract top product talent, go multi-product, and more
Insight
Pandey: Housing new product teams inside mature orgs starves new products of resources
“Having new product areas, new seedlings being too close within the, like, true org structure to the core banking or payments or mature products made it hard for that new product to even grow because they were always being, Pulled in, sucked in the gravitationa…”
Rohini PandeyJan 12, 2025▶ 46:56How to build your product team from scratch, attract top product talent, go multi-product, and more
Insight
Pandhi: Do not attempt to revenue-optimize immediately after launching new products
“I think that's a really important lesson of don't go from launch to try to like revenue optimize or find that efficiency immediately. I think you, what we really want is to give away that the second product, the third product for free encourages much usage and…”
Rohini PandeyJan 12, 2025▶ 1:00:55How to build your product team from scratch, attract top product talent, go multi-product, and more
AssertionNot checkable as stated
Mercury operated with no PMs until reaching roughly 400 employees
“Prior to two years ago, there were no PMs at the company, and I think at that time, there was probably close to 400 employees across Mercury. I'd say at least half of them were in some level of, like, the R&D role, so engineering, design, those types of Core r…”
Rohini PandeyJan 12, 2025▶ 6:02How to build your product team from scratch, attract top product talent, go multi-product, and more
What-if
Mercury regrets waiting until 400 employees to hire product managers
“And I think in hindsight, we should probably done the official transition to the PM role a lot sooner, but you know, hindsight's always twenty-twenty.”
Rohini PandeyJan 12, 2025▶ 12:17How to build your product team from scratch, attract top product talent, go multi-product, and more
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