Okr

TL;DR: An effective team is one that: Achieves its business goals Maintains psychological safety and team motivation Delivers predictably through stable flow metrics Three pillars. One triangle. The Premise Two fintech teams spent three months building limit management systems in parallel. One for credit cards, one for checking accounts. Each team: 7–8 people, costing ~$100K/month (average US/EU engineering salary $120–150K/year per person, fully loaded). At the quarterly review, they discovered 70% functional overlap. ...

The startup scene in 2022 and 2023 has been tough. This “Startup Winter” has seen less funding, many layoffs, and startups closing down. The hopeful times of 2020 and 2021, driven by big investments, feel far away now. Add to this the global events and banking decisions, and we’re in a tricky spot. I’ve helped startups for 10 years, and one thing is clear: now isn’t the time to just keep making new features. Look at fintech and other SaaS areas. A startup that keeps adding features for every small need is very different from one that focuses on the big needs and does them really well. In these tough times, guess which one stands strong (spoiler: neither, but second is more sustainable)? ...