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The interest rate is one of the most critical factors for the economy. During the last two years, the US Federal Reserve interest rate increased by around 450 BPS (basis points) in one and a half years, one of the most aggressive increases in history to fight back the rising inflation. When interest rates are low, businesses invest aggressively in new ventures, people buy more, and software development focuses more on delivering things fast and just then looking if something sticks. The cost of iteration is lower than rigorous analysing & planning. More aggressive & faster competitors can beat you,…
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My personal notes, and highlights from this inspiring interview. Enjoy.
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This interview between Scott Belsky & Lenny is a pure gem. Those are insights which I noted from this hour-long interview.
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Everybody in the tech scene knows the mantra that culture eats strategy for breakfast. However, it’s difficult to pinpoint a specific Silicon Valley statement on how to build an outstanding culture, as it is a unique journey for each organisation to adjust it in time. Founders often ignore this internal not urgent & non-life-threatening challenge, but culture spawns as soon as an organisation begins working. It is like grease in the engine – it influences everything that happens in some way. That’s why aggregated culture is the most influential factor behind every decision in a company, regardless of how big or small it…
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In ’00, besides Silicon Valley, product management wasn’t a thing; in „Four Steps to the Epiphany” from 2005, this concept wasn’t even mentioned. In ’10, thanks to the mainstream success of „Lean Startup” and the explosion of the startup scene, people started to talk about unique specifics to creating new products in a startup or digital enviroment. Software ate the world, and we learned how to „eat it” effectively during this time. In 2023, know-how, guidelines and frameworks for building amazing digital products are easily accessible, democratising creating delightful experiences worldwide. There are plenty of resources like dozens of books,…