They have the experience and the drive to take ownership of that product and build it from scratch. Step two is giving them the resources and support they need to succeed. This includes providing them with a dedicated team, access to funding, and the freedom to make decisions. Step three is creating a culture of collaboration and innovation. We encourage our teams to share ideas, learn from each other, and constantly iterate on their products. This allows us to quickly identify what works and what doesn't, and make adjustments accordingly. The key to making a compound startup work is to have a clear vision and a strong team that is passionate about bringing that vision to life.

Glasp

Glasp

Jul 05, 20233 min read

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They have the experience and the drive to take ownership of that product and build it from scratch. Step two is giving them the resources and support they need to succeed. This includes providing them with a dedicated team, access to funding, and the freedom to make decisions. Step three is creating a culture of collaboration and innovation. We encourage our teams to share ideas, learn from each other, and constantly iterate on their products. This allows us to quickly identify what works and what doesn't, and make adjustments accordingly. The key to making a compound startup work is to have a clear vision and a strong team that is passionate about bringing that vision to life.

Incorporating unique ideas or insights: One unique aspect of Rippling's approach is their focus on speed and quality. Parker Conrad believes that it is possible to move fast without sacrificing the quality of a product. This goes against the common belief that there is always a trade-off between speed and quality. By prioritizing urgency and fixing underlying issues, Rippling is able to build a high-quality product at a faster pace. This approach challenges the status quo and forces people to question their assumptions about what is possible.

Another interesting point is the importance of finding the right people to lead each product within Rippling. Conrad emphasizes the value of having founders or experienced individuals take ownership of a product. This ensures that the product is in the hands of someone who has the knowledge and drive to build it from scratch. By giving these individuals the resources and support they need, Rippling sets them up for success.

Actionable advice:

1. When working with complex products, it is crucial to adopt a beginner's mind and not assume anything. Take the time to understand the segment and its problems before developing any concepts. This will prevent solutions that are looking for problems and ensure that your product addresses real needs.

2. When transitioning from a software background into product management, think about the kind of work you want to do on a day-to-day basis. Consider the different archetypes of product management and align your goals with the role that best fits your interests and skills.

3. When finding, understanding, and prioritizing problems to solve, go deep into the space, talk to people, and gather customer insights. Look at what already exists in the market and ask yourself why your idea might be better. Have a clear point of view backed by compelling data and be willing to adjust and make informed decisions.

In conclusion, working with complex products requires a mindset of continuous learning and open-mindedness. It is important to understand the segment and its problems before developing any concepts. Adopting a beginner's mind and not assuming anything is key. When transitioning into product management, consider the kind of work you want to do and align it with the right role. When working with complex and enterprise products, appreciate the nuances and find the win-win-win across all stakeholders. Finally, follow the practices of understanding the space, having a clear point of view backed by data, and ensuring your motivations for pursuing a role are aligned with your interests. By incorporating these insights and following actionable advice, you can navigate the challenges of working with complex products and achieve success.

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