DZ

Dmitry Zlokazov

05/15/25

@ Lenny's Podcast

If something is 99% done, it's closer to 0% done rather than 100%.

DZ

Dmitry Zlokazov

05/15/25

@ Lenny's Podcast

Product owners at Revolut are end-to-end responsible for their products, managing teams and defining roadmaps to improve business metrics.

DZ

Dmitry Zlokazov

05/15/25

@ Lenny's Podcast

Revolut maintains a flat organizational structure, allowing product owners to have significant authority and responsibility, akin to local CEOs.

DZ

Dmitry Zlokazov

05/15/25

@ Lenny's Podcast

Revolut operates with fully cross-functional teams, where product owners act as line managers, defining what needs to be done while functional managers define how to build it.

DZ

Dmitry Zlokazov

05/15/25

@ Lenny's Podcast

Revolut has three types of product owners: UX product owners, technical product owners, and data science product owners, each specializing in different aspects of product development.

DZ

Dmitry Zlokazov

05/15/25

@ Lenny's Podcast

At Revolut, there's a strong emphasis on building 'wow' products that are not only functional but also provide a great user experience.

DZ

Dmitry Zlokazov

05/15/25

@ Lenny's Podcast

Revolut's founders review every single UI shipped, ensuring that every product detail is scrutinized to enhance customer satisfaction.

DZ

Dmitry Zlokazov

05/15/25

@ Lenny's Podcast

Internal transfers from other functions, such as operations managers or engineers, often become successful product owners at Revolut due to their existing knowledge and culture fit.

DZ

Dmitry Zlokazov

05/15/25

@ Lenny's Podcast

Revolut values raw intellect and an unquenched hunger to build things over experience.

DZ

Dmitry Zlokazov

05/15/25

@ Lenny's Podcast

Revolut's hiring approach prioritizes candidates with a strong desire to build and innovate, often favoring those with less experience but high potential.

DZ

Dmitry Zlokazov

05/15/25

@ Lenny's Podcast

To ensure product quality, Revolut's product teams are encouraged to dive deep into details, often collaborating closely with engineers and understanding the technical aspects of their products.

DZ

Dmitry Zlokazov

05/15/25

@ Lenny's Podcast

At Revolut, every product owner operates like a local CEO, managing cross-functional teams with full ownership and accountability for their projects.

DZ

Dmitry Zlokazov

05/15/25

@ Lenny's Podcast

Revolut's ultra-flat organizational structure allows over 150 product owners to maintain high quality and rapid launch velocity across multiple projects simultaneously.

DZ

Dmitry Zlokazov

05/15/25

@ Lenny's Podcast

The founders of Revolut review every user interface before it is shipped, ensuring a high standard of quality that fosters innovation rather than stifling it.

DZ

Dmitry Zlokazov

05/15/25

@ Lenny's Podcast

Revolut's product teams are small and lean, allowing for autonomy in decision-making while ensuring that founders maintain oversight without micromanaging.

DZ

Dmitry Zlokazov

05/15/25

@ Lenny's Podcast

To successfully launch new products, Revolut focuses on quickly building a first version to gather feedback, then iterating before scaling to ensure quality and user satisfaction.

DZ

Dmitry Zlokazov

05/15/25

@ Lenny's Podcast

Revolut's approach to product development emphasizes building 'wow' products that are not only functional but also delightful to users, ensuring a high-quality user experience.

DZ

Dmitry Zlokazov

05/15/25

@ Lenny's Podcast

When hiring, Revolut prioritizes raw intellect, drive, and hunger over extensive experience, believing that internal transfers from other departments can lead to successful product leaders.

DZ

Dmitry Zlokazov

05/15/25

@ Lenny's Podcast

At Revolut, we treat products that are 99% complete as if they are closer to 0% done, emphasizing the importance of thoroughness and quality in product development.

DZ

Dmitry Zlokazov

05/15/25

@ Lenny's Podcast

Dmitry emphasizes that the best way to learn and grow in product management is to either start your own company or join one with a strong entrepreneurial spirit.

DZ

Dmitry Zlokazov

05/15/25

@ Lenny's Podcast

The 'wealth protection' feature at Revolut requires users to complete a video selfie check for transfers above a certain limit, enhancing security while maintaining a smooth user experience.

How Revolut trains world-class PMs: The “Local CEO” model, raw intellect & building wow products

Takeaways