Moving fast and navigating uncertainty | Jeremy Henrickson (Rippling, Coinbase)

Lenny's Podcast: Product | Growth | Career

Lenny Rachitsky

Technology, Business, Entrepreneurship

5 • 1.5K Ratings

🗓️ 4 June 2023

⏱️ 69 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Brought to you by Miro—A collaborative visual platform where your best work comes to life | Mixpanel—Product analytics that everyone can trust, use, and afford | Lenny’s Job Board—Hire the best product people. Find the best product gigs

—

Jeremy Henrickson is Rippling’s SVP of Product, responsible for scaling their product and design team across three continents. Previously, as Chief Product Officer at Coinbase, he oversaw 10x growth of the product and engineering organization and transformed a scrappy startup into a global cryptocurrency platform with tens of millions of users. He began his career at Apple in the 1990s and holds a BS and MS in computer science from Stanford. In today’s episode, we discuss:

• Strategies for sustaining focus and momentum at scale

• The case against MVPs

• The problem with frameworks

• “Compound startups” and how this influences Rippling’s product development process

• Advice for founders wanting to move faster

• Why you don’t understand your product unless you’re “in the weeds”

• Hiring practices at Rippling and how young PMs can build fruitful careers

—

Find the transcript at: https://www.lennyspodcast.com/moving-fast-and-navigating-uncertainty-jeremy-henrickson-rippling-coinbase/#transcript

—

Where to find Jeremy Henrickson:

• Twitter: https://twitter.com/jeremyhenricks

• LinkedIn: https://www.linkedin.com/in/jeremyhenrickson/

—

Where to find Lenny:

• Newsletter: https://www.lennysnewsletter.com

• Twitter: https://twitter.com/lennysan

• LinkedIn: https://www.linkedin.com/in/lennyrachitsky/

—

In this episode, we cover:

(00:00) Jeremy’s background

(03:24) What it was like leading product teams at Coinbase during the crypto boom

(05:25) How Jeremy kept teams focused and the biggest challenges he faced at Coinbase

(07:35) Advice for going through intense periods at work

(08:52) Maintaining velocity at scale

(12:07) An example of small teams with clear missions

(14:29) A model for building products

(18:03) Jeremy’s thoughts on MVPs (minimum viable products)

(22:26) Designing for the most complex use case first

(23:17) What a compound startup is and how it works at Rippling

(27:09) Rippling’s unique culture of fast decision-making

(28:14) Rippling’s leadership values

(32:13) Advice for cultivating fast-decision-making teams

(33:44) How deep-level thinking and working on the ground helped Rippling expand to other countries

(38:42) Why product leaders need to be right

(40:42) How Rippling decided where to expand to first

(42:29) The case for expanding internationally before you think you’re ready

(45:32) Why Jeremy isn’t a huge fan of frameworks

(48:08) The differences between building product at Rippling and Coinbase

(52:49) How Jeremy hires PMs at Rippling

(58:29) Advice for junior PMs

(1:00:19) Lessons from working with a founder who has strong opinions about what the product should be

(1:02:15) Lightning round

—

Referenced:

• Coinbase: https://www.coinbase.com/

• Ethereum: https://ethereum.org/en/

• Parker Conrad on Twitter: https://twitter.com/parkerconrad

• Rippling: https://www.rippling.com/

• Excellent Advice for Living: Wisdom I Wish I’d Known Earlier: https://www.amazon.com/Excellent-Advice-Living-Wisdom-Earlier/dp/0593654528

• Matt MacInnis on Twitter: https://twitter.com/stanine

• Rippling’s leadership principles: https://www.rippling.com/life

• Airbnb cereal story: https://www.cnbc.com/2023/04/18/airbnb-ceo-says-he-wooed-first-investors-with-boxes-of-cereal.html

• Guidewire: https://www.guidewire.com/

• Jira: https://www.atlassian.com/software/jira

• Kyle Boston on Twitter: https://twitter.com/KyleB

• Quicksilver (book one of the Baroque Cycle series:) https://www.amazon.com/Quicksilver-Baroque-Cycle-Vol-1/dp/0060593083/r

• Consider Phlebas (book 1 of The Culture series): https://www.amazon.com/Consider-Phlebas-Culture-Iain-Banks/dp/031600538X/

• The Last of Us on HBO: https://www.hbo.com/the-last-of-us

• The Game on Paramount+: https://www.paramountplus.com/shows/the-game-2021/

• Tenet: https://www.imdb.com/title/tt6723592/

• Corsair H60 CPU cooler: https://www.amazon.com/CORSAIR-Hydro-Liquid-Cooler-Radiator/dp/B00A0HZMGA

• Focal Bathys headphones: https://www.amazon.com/Focal-Over-Ear-Bluetooth-Headphones-Cancelation/dp/B0B93YKQT3

• Pandemic: https://www.amazon.com/Z-Man-Games-ZM7101-Pandemic/dp/B00A2HD40E

• Gloomhaven: https://www.amazon.com/Cephalofair-Games-CPH0201-Gloomhaven/dp/B01LZXVN4P

—

Production and marketing by https://penname.co/. For inquiries about sponsoring the podcast, email [email protected].

—

Lenny may be an investor in the companies discussed.

Get full access to Lenny's Newsletter at www.lennysnewsletter.com/subscribe

Transcript

Click on a timestamp to play from that location

0:00.0	it's very, very tempting to kind of float up here as a leader and say, hey, you know, you take that
0:07.1	hill over there, you guys do this over here, when in fact, like what you where you really learn where
0:12.0	the challenges are, the problems or the successes is by like just like being there with with the people in the trenches on like one of the things like whichever one seems hardest or most complicated and so I try to do that as often as I can and I found that I always learn a lot by going through that detailed exercise.
0:29.3	Welcome to Lenny's podcast where I interview world-class product leaders and growth experts to learn from their hard-wound experiences building and growing today's most successful products.
0:40.0	Today my guest is Jeremy Henricsson.
0:42.0	Jeremy is Senior Vice President of Product at Rippling,
0:45.0	where he leads the product and design teams.
0:47.0	Previously, he was Chief Product Officer at Coinbase,
0:50.0	where he oversaw 10X growth of the product and engineering organizations
0:53.7	and helped scale coin-based during one of the craziest times in the crypto markets.
0:57.7	In your conversation Jeremy shares his lessons about maintaining velocity at scale,
1:02.1	creating a culture of fast decision-making, the importance
1:05.3	of product leaders going deep on a problem, and becoming world experts at their domain,
1:09.7	what to look for in product managers you're interviewing, why relying on frameworks can be so detrimental
1:15.0	to your success, why you may want to avoid MVPs and instead design for the most complex use
1:19.9	cases first, and tons more.
1:22.2	Enjoy this episode with Jeremy Henricsson after a short
1:24.9	word from our sponsors. Today's episode is brought to you by Miro and
1:30.1	online Collaborative Whiteboard that's designed specifically for teams like yours.
1:34.7	The best way to see what Mira's all about and how it can help your team collaborate better
1:38.6	is not to listen to me talk about it, but to go check it out for yourself, go to meuro.com slash Lenny. With the help of the
1:46.2	mirror team I created a super cool mirror board with two of my own favorite templates, my
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Lenny Rachitsky, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Lenny Rachitsky and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.