In this episode of "20 Growth" with host Harry Stebbings, Ryan Wiggins, VP of Growth and Analytics at Mercury, shares his journey from customer support at Facebook to pioneering growth strategies at WhatsApp and building analytics functions. Wiggins discusses the importance of product-market fit, the right product for the right audience, and the relentless focus on core functionalities to drive growth. He emphasizes the need for a great product, deep customer understanding, and a robust growth execution loop. Wiggins also advises against relying solely on data-driven decisions, advocating for customer empathy and understanding the full customer journey. He highlights the significance of quick, impactful results and the ability to iterate rapidly through a lean team structure. Additionally, Wiggins touches on the common pitfalls in hiring growth teams, the evolution of growth functions, and the impressive growth strategy of Substack. Throughout the conversation, Stebbings also promotes sponsors Funnel and Jasper, tools for marketing data analysis and AI-driven content creation, respectively.
This is 20 growth with me, Harry Stebbings. This is the monthly show where we sit down with the best growth leaders to unpack their tips, tactics and strategies to scaling growth teams.
The quote introduces the podcast and its focus on growth strategies within organizations. Harry Stebbings is the host, and the show aims to provide valuable insights from experienced growth leaders.
And today we're joined by Ryan Wiggins, VP of growth and analytics at Mercury, where he oversees a growth team and founded the analytics function.
This quote highlights Ryan Wiggins' current role and his significant contributions to Mercury, establishing his expertise in growth and analytics.
So do you know the impact of your marketing efforts? It's more important this year than ever to know the impact or how much you've spent so far this month and what you got as a result.
The quote emphasizes the importance of understanding the impact of marketing efforts through data analysis, suggesting that manual methods are outdated for modern marketing needs.
Jasper is an AI assistant for business that helps marketers, sales reps and other creators accelerate their writing process and repackage content into different formats, languages and tones.
The quote introduces Jasper AI as a tool to assist business professionals with content creation, highlighting its business-specific features.
I started my career in a customer support role at Facebook. Right out of college, I didn't really know what I wanted to do, but one day someone offered a SQL class and I took that class and it basically changed my life.
This quote describes the pivotal moment in Ryan Wiggins' career when he discovered the value of data analysis and its application in improving customer support.
But there have been two guiding principles that have guided a lot of my career that have come in the form of advice. And the two kind of things that come up is that, first, at the end of the day, you have to pursue things that you're really curious about, and you have to use those curiosities as a way to add value to the team you're on.
The quote captures Ryan Wiggins' career philosophy: follow your curiosity and contribute to your team, which can lead to growth and new opportunities.
So what I learned about WhatsApp and how WhatsApp grew was really kind of three things. First, it was the right product for the right market.
This quote summarizes the key factors behind WhatsApp's growth, emphasizing the importance of product-market fit in the company's success.
It comes to understanding the dynamics behind a product and what will help pour fuel on the fire.
The quote defines growth execution loops as the process of identifying and leveraging the product dynamics that can amplify growth.
I think ultimately, is that the product experience matters. I've seen far too many growth leaders jump to notifications, upsells, or things like that. But in my experience, there's usually one thing that drives most the results.
This quote explains a common misconception among growth professionals, highlighting the importance of focusing on the product experience and key growth levers.
"The right time for someone. That kind of is the most important thing about growth."
This quote emphasizes the significance of timing in engaging users and aligning growth efforts with solving user problems through the product experience.
"How do you define what is a successful user?"
This quote highlights the complexity of identifying the criteria that determine a user's success within a product or service.
"What is the retention curve. So up the percent of people that start, what percent of people stick around, and basically try to correlate that with actions people take early on."
The quote underscores the importance of understanding user retention and the early actions that correlate with long-term engagement.
"I think speed is one of actually the most important parts of a growth team."
This quote conveys the value of quick execution and responsiveness as distinguishing characteristics of successful growth teams.
"When you run an experiment, you can measure the measurable impact of an experiment and the sample size you need to be able to affect that experiment."
The quote explains the methodical approach to conducting growth experiments, emphasizing the need for appropriate sample sizes to measure impacts accurately.
"The thing that I think is the moment that you're looking for is that the product has a core product market fit and at least one channel is working for bringing in some new users."
The quote identifies the optimal timing for bringing on a dedicated growth team, which is after achieving product-market fit and having a reliable user acquisition channel.
"But I think you should bring in a growth leader pretty early once understand that it's time to grow."
This quote suggests that a growth leader with a strategic vision is crucial for early-stage companies ready to focus on growth.
"I think that growth leader should go through the customer journey from discovering the product and becoming an active customer."
The quote emphasizes the importance of the growth leader experiencing and understanding the customer journey firsthand to identify improvement areas.
"Is there one to four people that can get something done and trying to keep things as small as possible to iterate as quick as possible."
This quote advocates for starting with a minimal team to maintain agility and focus in growth efforts.
"The thing that is important is, is it repeatable?"
This quote challenges founders to consider the repeatability and sustainability of their growth strategies for long-term success.
"I always start with how can you maximize what is working and accelerate it?"
The quote suggests focusing on optimizing successful channels as a primary growth strategy before exploring new ones.
"And so I look for someone that has been making some changes and been able to affect that change."
The quote underlines the importance of finding individuals who not only initiate change but also have a tangible impact on their environment, which is indicative of untapped talent.
"But I do need to see that kind of ability to understand the system, make changes, and then that change have, like, an impact."
This quote emphasizes the core competency Wiggins seeks in a growth hire: the capacity to comprehend systems and drive impactful changes.
"So those are kind of the three dimensions that I look for. And I think there are many configurations of what you can actually screen for and how you can set up the interview process."
This quote summarizes the essential qualities Ryan looks for in a growth hire, which should be evaluated during the hiring process.
"Great people, I find, are people that are able to a problem which is like how do we get more people to sign up, break it down into composable pieces, and then figure out the seven things that you should try and then this one works."
The quote illustrates the ideal approach Wiggins seeks in a candidate: breaking down complex problems into smaller, manageable parts and identifying effective solutions.
"And so case studies are critical, but I try to think about, can it be about the more general problem of what the case study gets at versus something that would be influenced by my thinking of the day?"
This quote reflects Wiggins's methodology for utilizing case studies in interviews to assess candidates' problem-solving skills in a fair and unbiased manner.
"I think that it should be the leadership team should be core to it."
This quote underscores the collective responsibility of the leadership team in making a hiring decision for a growth role.
"But one dimension that I think is really important for a growth role that is slightly different than maybe some other roles is that you really want skin in the game so that the growth person has equity upside in the problem."
The quote highlights the importance of aligning the growth hire's incentives with the company's success through equity compensation.
"And so in that first month, the thing that I'm really trying to get them in is all the context that we can possibly have."
This quote details Wiggins's approach to onboarding, emphasizing the importance of providing comprehensive context to enable the new hire to contribute effectively.
"And if someone is not taking feedback about, hey, you might want to focus on this rather than this, that's a huge red flag to me."
The quote identifies the critical nature of feedback receptiveness in new hires and the need to act swiftly if this is lacking.
"But the question is, are they leading to a quality of work? That is the kind of understanding, choosing of smart bets and showing that they can execute on problems that is leading to any success."
This quote conveys the importance of assessing the foundational work and decision-making processes of growth hires to predict long-term success.
"Mine's like, I've hired logos that give me confidence. And then actually they weren't very good and they didn't play the role I thought they did, and it was, ah, what do you think yours are?"
This quote exemplifies the mistake of hiring based on the prestige of a candidate's previous affiliations rather than their actual fit for the role.
"The thing is that people show you who they are in the interviews, and the things that you see that are red flags early on tend to be problems that kind of grow over time and people don't kind of change their core behavior."
Ryan emphasizes the importance of paying attention to red flags during interviews as they are often indicators of future issues.
"Maybe a controversial take, but I don't really believe much in doing post mortems for growth changes."
Ryan challenges the conventional wisdom of conducting post mortems, suggesting that they may not be as beneficial as continuous evaluation.
"But one example of this is the experience that I had when I joined Mercury was product is the differentiated experience."
Ryan highlights the importance of the product experience as a key differentiator and driver of growth.
"So one of the craziest fun facts about WhatsApp is that WhatsApp got to a billion and a half users without running any A B test."
This quote reveals the surprising fact that WhatsApp achieved massive growth without traditional A/B testing methods.
"And so in France, what we did was we basically took that playbook of finding the product marketing and partnerships that we could build to go accelerate our growth."
Ryan describes the targeted approach taken to grow WhatsApp's presence in the French market.
"Building an experience that connects users with key actions that are going to make it so they stick around in your product is something that hasn't changed and is never going to change."
Ryan emphasizes that creating engaging product experiences is a timeless growth strategy.
"Email and push notifications are something that has been so overused that it actually has led to channel blindness."
This quote highlights the diminishing returns of certain overused growth tactics like email and push notifications.
"One that I really love is Substack. Substack is a product that has built an incredible platform for a very targeted customer subset and provided a ton of value with them."
Ryan praises Substack for its focused and effective growth strategy centered around its core user base.