In this interview podcast, Lenny interviews Peter Deng, a product leader who has worked at OpenAI, Facebook, Uber, and Instagram, about his experiences building and scaling products. Deng shares counterintuitive lessons he's learned, including how sometimes the product itself doesn't matter as much as price and ETA, and how many valuable tech companies are built on existing technology by focusing on user needs and operations. Deng emphasizes the importance of proprietary data and workflow integration for AI startups, and the need for product craft to overcome distribution advantages of incumbents. He also discusses the importance of language, building growth teams, and the five archetypes of product managers. Deng shares his hiring secrets, emphasizing growth mindset and the ability to be autonomous. He also shares a management technique of "say you'll do the thing, do the thing, say you did the thing" and the importance of leaning into strengths.
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