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@nilanp
THE MISSION DRIVEN
STARTUP
@nilanp
HOW BUILDING CULTURE AROUND
YOUR CAUSE, BUILDS A PRODUCT
THAT GROWS ITSELF
FIRST INTRODUCTIONS
@nilanp
INTROS
WHAT IS ONE
ANYWAY ?
A MISSION DRIVEN STARTUP IS A
CATALYST FOR CHANGING THE
WORLD
TRANSFERWISE WAS STARTED
TO SOLVE A PROBLEM
@nilanp@nilanp
IN OUR CASE A PERSONAL PAIN POINT
HELPED TO SEE AN EPIDEMIC DYSFUNCTION IN
THE ENTIRE INDUSTRY, WHICH LACKED ANY
NATURAL FORCE OF IMPROVEMENT OR MOVE
TOWARDS RESOLUTION. 
— KRISTO KÄÄRMANN & TAAVET HINRIKUS@nilanp@nilanp
OUR MISSION ?
TO MAKE MONEY ZIP AROUND THE WORLD:
AT THE TOUCH OF A BUTTON;
FOR ALMOST ZERO COST;
INSTANTLY
@nilanp
A BANK COULD HAVE STARTED
TRANSFERWISE AT ANY POINT IN THE
LAST 100 YEARS
@nilanp
THE MISSION IS MORE IMPORTANT
THAN OUR SHORT TERM
COMMERCIAL SUCCESS
PROGRESS
@nilanp
$0.5 MILLION ➤ $1 BILLION
@nilanp
60 TRANSFERWISERS ➤ 600
TRANSFERWISERS
@nilanp
LDN, UKR, EST ➤ LDN, UKR,
EST, TKY, SYD, SGP,TPA,BDP
@nilanp
8% OF THE UK
SAVING £1M A DAY
@nilanp
HOW ?
@nilanp
EVANGELISM IS THE BIGGEST
DRIVER OF GROWTH
WE BELIEVE WE CAN CREATE
EVANGELICAL CUSTOMERS
SO WHY DO PEOPLE RECOMMEND
OUR PRODUCT ?
RATIONALRATIONAL EMOTIONAL
RATIONALPRODUCT BRAND
RATIONAL
SPEED
CONVENIENCE
PRICE
COVERAGE
BRAND
TO ACHIEVE ADVOCACY YOUR PRODUCT
NEEDS TO BE AN ORDER OF MAGNITUDE
BETTER THAN THE ALTERNATIVE
BUT DON’T DO THIS AS “GROWTH
HACK” DO IT BECAUSE THE WORLD
DESERVES IT
RATIONAL
SPEED
CONVENIENCE
PRICE
COVERAGE
BRAND
@nilanp
PEOPLE DO NOT TALK ABOUT MONEY
TRANSFER IN THE PUB
@nilanp
@nilanp
GIVE YOUR CUSTOMERS STORIES
TO TELL
@nilanp
#RIPHIDDENFEES
@nilanp
INSPIRE PEOPLE WITH YOUR CAUSE AND
YOU WILL CREATE A MOVEMENT
@nilanp
You can’t copy
that !
PRODUCT STRATEGY
WHAT ARE THE PROBLEMS WE NEED
TO SOLVE TO ACHIEVE THE
MISSION ?
@nilanp
Regulated
and
available
Instantly
and almost
zero cost
IdentityOnboarding Worry Evangelism
Problem
awareness
Currencies OperationsVerificationConversion Experience ViralityMarketing
@nilanp
Regulated
and
available
Instantly
and almost
zero cost
IdentityOnboarding Worry Evangelism
Problem
awareness
CULTURE == OPTIMISING FOR
EXECUTION SPEED
WE WORK IN AUTONOMOUS
INDEPENDENT TEAMS THAT
FOCUS ON KPIS THAT MAKE A
DIFFERENCE TO OUR
CUSTOMERS AND DRIVE OUR
GROWTH
@nilanp@nilanp
@nilanp
THE CURRENCIES TEAM WORKS ON
LAUNCHING NEW CURRENCIES
@nilanp
@nilanp
IT IS AUTONOMOUS & INDEPENDENT
@nilanp
@nilanp
@nilanp
HOW DOES THIS WORK IN PRACTICE ?
@nilanp
VALUES
@nilanp
@nilanp
@nilanp
PRODUCT
@nilanp
CADENCE
@nilanp
@nilanp@nilanp
TEAM MATURITY
@nilanp
WEAK PRODUCT OWNERSHIP
@nilanp
EVERY PART OF THE PRODUCT IS
OWNED
@nilanp
ANY TEAM CAN CHANGE ANY PART OF
THE PRODUCT
@nilanp@nilanp
MARKETING
PRODUCT
@nilanp@nilanp
@nilanp
ENGINEERING CULTURE:
PRODUCT ENGINEERING
@nilanp
PRODUCT MANAGERS CANNOT TELL
ENGINEERS WHAT TO DO
@nilanp
@nilanp
IF YOU FAIL TO INSPIRE AN ENGINEER
YOU WILL FAIL TO INSPIRE CUSTOMERS
@nilanp
@nilanp
TARGETS
@nilanp
WHAT CONSTRAINS OUR GROWTH
RATE ?
@nilanp
TITLE TEXT
TRADE OFFS
- Consistency
- Efficiency
- Singularity of vision
- Swiftness of collective
decision making
- Ownership
- Speed
- Agility
- Matrix structure
ONWARDS
@nilanp

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Slides from Jam London