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Jag Duggal

1 episode

Episodes

Be fundamentally different, not incrementally better | Jag Duggal (Nubank, Facebook, Google)

May 16, 20241h 35m

Guest: Jag Duggal - Chief Product Officer at Nubank. Jag has extensive experience in product management, having previously led monetization at Facebook and strategy at Google, making him a credible voice in product strategy and innovation. Key Takeaways: Nubank focuses on being fundamentally different rather than incrementally better, aiming for products that customers love fanatically. The company uses the Sean Ellis score to measure product-market fit, requiring at least 50% of users to be very disappointed if a product were to disappear before scaling it. Nubank's success in launching new business lines is attributed to a strong focus on customer pain points and a culture that prioritizes customer love and feedback. The company believes in building a global bank on a single code base and is exploring AI to create a personal banker experience for all users. Jag emphasizes the importance of strategy, clarity, and courage in making concentrated bets rather than hedging. Topics Covered: Nubank's growth strategy, product-market fit measurement, customer-centric product development, category design, future of FinTech, AI in banking, strategic thinking.

Notable Quotes

โ€œWe want our customers to love us fanatically.โ€

Customer Obsession

โ€œIf you are not clear on what it is you are trying to do, A, and B, if you are not willing to tolerate failure, then you're just checking the boxes of someone else's expectations.โ€

Personal Philosophy

โ€œWe're in the business of fundamentally different, not incrementally better.โ€

Business Philosophy