Mayur Kamat is the chief product officer at N26—a $9 billion neobank serving over 7 million customers in 25 countries—where he leads product, design, data, and research. Prior to N26, Mayur was Head of Product at Binance, growing the crypto exchange to a peak $400 billion valuation. Earlier in his career, he built and scaled products at Google (Gmail Mobile, Hangouts), Microsoft, and travel unicorn Agoda.Learn:1. How to find and focus on the highest-leverage problems2. Why you shouldn’t optimize for compensation early in your career3. Why you should optimize for strengths, not weaknesses4. Why you need to decide if you truly want the C-suite path5. Why working at a fintech company creates exceptional PMs6. Strategy = hypothesis × experimentation velocity7. Small, fast wins compound faster than big, slow bets—Brought to you by:• <a target="_blank" href="https://workos.com/lenny">WorkOS</a>—Modern identity platform for B2B SaaS, free up to 1 million MAUs• <a target="_blank" href="https://www.useparagon.com/lenny">Paragon</a>—Ship every SaaS integration your customers want• <a target="_blank" href="https://vanta.com/lenny">Vanta</a>—Automate compliance. Simplify security.—Where to find Mayur Kamat:• X: <a target="_blank" href="https://x.com/5degreez">https://x.com/5degreez</a>• LinkedIn: <a target="_blank" href="https://www.linkedin.com/in/mayur/">https://www.linkedin.com/in/mayur/</a>—Where to find Lenny:• Newsletter: <a target="_blank" href="https://www.lennysnewsletter.com">https://www.lennysnewsletter.com</a>• X: <a target="_blank" href="https://twitter.com/lennysan">https://twitter.com/lennysan</a>• LinkedIn: <a target="_blank" href="https://www.linkedin.com/in/lennyrachitsky/">https://www.linkedin.com/in/lennyrachitsky/</a>—In this episode, we cover:(00:00) Introduction and Mayur’s background(04:49) Working at Binance: An inside look(18:18) Career advice for product managers(27:00) PM career paths(33:58) Understanding fintech customers(36:00) Understanding your strengths(44:46) Creating a culture of experimentation(51:14) Hiring and developing top talent(54:50) Building a diverse product portfolio(57:08) Working in high talent density areas(59:43) Personal and professional balance(01:06:32) High-leverage opportunities and decision making(01:14:28) AI tools in the workplace(01:19:14) Failure corner(01:25:11) Lightning round and final thoughts—Referenced:• Binance: <a target="_blank" href="https://www.binance.us/">https://www.binance.us/</a>• Google: <a target="_blank" href="https://about.google/">https://about.google/</a>• Microsoft: <a target="_blank" href="https://www.microsoft.com/">https://www.microsoft.com/</a>• Agoda: <a target="_blank" href="https://www.agoda.com">https://www.agoda.com</a>• N26: <a target="_blank" href="https://n26.com/">https://n26.com/</a>• Which companies accelerate PM careers most: <a target="_blank" href="https://www.lennysnewsletter.com/p/which-companies-accelerate-your-pm">https://www.lennysnewsletter.com/p/which-companies-accelerate-your-pm</a>• Which companies produce the best product managers: <a target="_blank" href="https://www.lennysnewsletter.com/p/which-companies-produce-the-best">https://www.lennysnewsletter.com/p/which-companies-produce-the-best</a>• Bezos Says Work-Life Balance is a “Debilitating” Phrase: <a target="_blank" href="https://www.investopedia.com/news/bezos-says-worklife-balance-debilitating-phrase/">https://www.investopedia.com/news/bezos-says-worklife-balance-debilitating-phrase/</a>• Maslow’s Hierarchy of Needs: <a target="_blank" href="https://www.simplypsychology.org/maslow.html">https://www.simplypsychology.org/maslow.html</a>• PayPal Mafia: <a target="_blank" href="https://en.wikipedia.org/wiki/PayPal_Mafia">https://en.wikipedia.org/wiki/PayPal_Mafia</a>• Changpeng Zhao on LinkedIn: <a target="_blank" href="https://www.linkedin.com/in/cpzhao/">https://www.linkedin.com/in/cpzhao/</a>• Ray Dalio on LinkedIn: <a target="_blank" href="https://www.linkedin.com/in/raydalio/">https://www.linkedin.com/in/raydalio/</a>• Porter’s five forces: <a target="_blank" href="https://en.wikipedia.org/wiki/Porter%27s_five_forces_analysis">https://en.wikipedia.org/wiki/Porter%27s_five_forces_analysis</a>• Jonathan Rosenberg on X: <a target="_blank" href="https://x.com/jjrosenberg">https://x.com/jjrosenberg</a>• Aura: <a target="_blank" href="https://buy.aura.com/">https://buy.aura.com/</a>• Intercom: <a target="_blank" href="https://www.intercom.com/">https://www.intercom.com/</a>• Palantir: <a target="_blank" href="https://www.palantir.com/">https://www.palantir.com/</a>• Revolut: <a target="_blank" href="https://www.revolut.com/">https://www.revolut.com/</a>• Chime: <a target="_blank" href="https://www.chime.com/">https://www.chime.com/</a>• Stripe: <a target="_blank" href="https://stripe.com/">https://stripe.com/</a>• Dropbox: <a target="_blank" href="https://www.dropbox.com/">https://www.dropbox.com/</a>• Alex Algard on LinkedIn: <a target="_blank" href="https://www.linkedin.com/in/alexalgard">https://www.linkedin.com/in/alexalgard</a>• Hiya: <a target="_blank" href="https://www.hiya.com/">https://www.hiya.com/</a>• Brian Chesky’s new playbook: <a target="_blank" href="https://www.lennysnewsletter.com/p/brian-cheskys-contrarian-approach">https://www.lennysnewsletter.com/p/brian-cheskys-contrarian-approach</a>• Gemini: <a target="_blank" href="https://gemini.google.com/app">https://gemini.google.com/app</a>• Writer: <a target="_blank" href="https://writer.com/">https://writer.com/</a>• Google Hangouts: <a target="_blank" href="https://en.wikipedia.org/wiki/Google_Hangouts">https://en.wikipedia.org/wiki/Google_Hangouts</a>• Sundar Pichai on LinkedIn: <a target="_blank" href="https://www.linkedin.com/in/sundarpichai/">https://www.linkedin.com/in/sundarpichai/</a>• Google Meet: <a target="_blank" href="https://meet.google.com/landing?pli=1">https://meet.google.com/landing</a>• House on Hulu: <a target="_blank" href="https://www.hulu.com/series/ef39603f-eb90-4248-8237-f6168d7c1be1">https://www.hulu.com/series/ef39603f-eb90-4248-8237-f6168d7c1be1</a>• Big Bang Theory on Hulu: <a target="_blank" href="https://www.hulu.com/series/9bde5aeb-5297-4290-b173-19a4d59cc11d">https://www.hulu.com/series/9bde5aeb-5297-4290-b173-19a4d59cc11d</a>• Adolescence on Netflix: <a target="_blank" href="https://www.netflix.com/title/81756069">https://www.netflix.com/title/81756069</a>• The White Lotus on HBO: <a target="_blank" href="https://www.hbo.com/the-white-lotus">https://www.hbo.com/the-white-lotus</a>• Robinhood: <a target="_blank" href="https://robinhood.com/us/en/">https://robinhood.com/us/en/</a>• Nikita Bier’s post on X about Bible Chat: <a target="_blank" href="https://x.com/nikitabier/status/1915252215507210349">https://x.com/nikitabier/status/1915252215507210349</a>• Bible Chat: <a target="_blank" href="https://apps.apple.com/us/app/bible-chat-daily-devotional/id6448849666?mt=8">https://apps.apple.com/us/app/bible-chat-daily-devotional/id6448849666?mt=8</a>• Suno: <a target="_blank" href="https://suno.com/home">https://suno.com/home</a>• Disfrutar: <a target="_blank" href="https://www.disfrutarbarcelona.com/">https://www.disfrutarbarcelona.com/</a>—Recommended books:• StrengthsFinder 2.0: <a target="_blank" href="https://www.amazon.com/StrengthsFinder-2-0-Tom-Rath/dp/159562015X">https://www.amazon.com/StrengthsFinder-2-0-Tom-Rath/dp/159562015X</a>• The 5 Types of Wealth: A Transformative Guide to Design Your Dream Life: <a target="_blank" href="https://www.amazon.com/Types-Wealth-Transformative-Guide-Design/dp/059372318X">https://www.amazon.com/Types-Wealth-Transformative-Guide-Design/dp/059372318X</a>—Production and marketing by <a target="_blank" href="https://penname.co/">https://penname.co/</a>. For inquiries about sponsoring the podcast, email <a target="_blank" href="mailto:podcast@lennyrachitsky.com">podcast@lennyrachitsky.com</a>.—Lenny may be an investor in the companies discussed. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit <a href="https://www.lennysnewsletter.com/subscribe?utm_medium=podcast&amp;utm_campaign=CTA_2">www.lennysnewsletter.com/subscribe</a>

Unconventional product lessons from Binance, N26, Google, more | Mayur Kamat (CPO at N26, ex-Binance Head of Product)