Jag Duggal: How We Scaled Nubank to 80M Users; Google's Brutal Hiring Practices | E995

Jag Duggal is the CPO @ Nubank where he is responsible for product strategy and roadmap reporting to CEO David Velez. Jag leads over 200 professionals across different functions within his role. Before Nubank, he was the Director of Product Management at Facebook, leading monetization of video and third party content. Before Facebook, Jag spent close to 7 years at Quantcast as a Senior VP of Product Management & Strategy. Finally, pre-Facebook, Jag was at Google for 5 years as a Group Product Manager and Head of Strategy (Display). ------------------------------------- Timestamps: 0:00 Intro 1:06 Why Jag Left Meta for Nubank 4:24 Is Product more art or science? 8:27 Best Question to Ask Customers 12:33 Lessons from Facebook 17:05 Do you inherently trust people? 18:40 Hiring Tips 26:04 Execution vs Strategic Clarity 34:59 The Illusion of the “Dead Cat Bounce” 37:02 How to Measure Churn 43:49 How to Decide Which Features to Prioritize 48:49 How Often You Should Do Product Reviews 51:38 Nubank’s Best/Worst Product Decisions 56:50 Quick-Fire Round ------------------------------------- In Today’s Episode with Jag Duggal We Discuss: 1. From Cushy Valley Job to CPO @ Brazilian Startup: Why did Jag leave the life of luxury in the valley at Facebook to join David as CPO @ Nubank? What does Jag know now that he wishes he had known when he took the position? What one piece of advice would Jag give to a product leader starting a new position today? 2. Product: The Playbook, Art vs Science: Why does Jag believe that product is 90% science? What is the final 10%? Why does Jag believe that you should not listen to your customers? What is the right way to ask customers questions to determine their pains? Why does Jag believe that you should not fall in love with your own ideas? 3. Building the Bench: Hiring the Best Team: How does Jag approach the hiring process for all new product hires? What are the single biggest mistakes Jag has made when hiring for the product team? What are the must ask questions when hiring for product? What hiring lesson did Jag learn from Kevin Systrom? How has he applied it today? What did Jag believe about hiring that he now no longer believes? 4. Go Time: Build, Manage and Execute: Why does Jag think execution is overrated and strategy deserves more credit than people give it? How does Nubank utilize small teams to operate fastest? What have been lessons here? What are the best ways to do product post-mortems? What works? What does not work? What has been Jag’s best product decision? What has been his worst? --------------------------------------------------- Subscribe to our Newsletter: https://www.thetwentyminutevc.com/contact Listen on Spotify: https://open.spotify.com/show/3j2KMcZTtgTNBKwtZBMHvl?si=85bc9196860e4466 Listen on Apple Podcasts: https://podcasts.apple.com/us/podcast/the-twenty-minute-vc-20vc-venture-capital-startup/id958230465 Follow Harry Stebbings on Twitter: https://twitter.com/HarryStebbings Follow 20VC on Instagram: https://www.instagram.com/20vc_reels Follow 20VC on TikTok: https://www.tiktok.com/@20vc_tok Visit our Website: https://www.20vc.com ----------------------------------------------- #JadDuggal #Nubank #HarryStebbings #20vc #productmanagement #founders #startups