Product Thinking

Episode 265: How Marketplace Teams Decide What to Build

40 snips
Mar 25, 2026
Mauricio Monico, a product leader with experience at eBay and Wish who led marketplace turnarounds, and Craig Saldanha, Yelp’s Chief Product Officer who codified marketplace decision tenets. They discuss marketplace fundamentals, risks of copying competitors, vetting merchants and delivery quality. They also cover explicit product tenets, balancing two-sided trade-offs, and modeling flywheels for sustainable growth.
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ADVICE

Write Product Tenets And Debate Them

  • Codify your product culture into explicit tenets to scale consistent decisions.
  • Craig Saldanha wrote five decision-making tenets, debated them with the CEO for months, then used them across Yelp to guide trade-offs.
INSIGHT

Optimize A Marketplace Flywheel Metric

  • In marketplaces, choose a clear flywheel metric to resolve side conflicts.
  • Craig explains Yelp optimizes 'connections' between consumers and local businesses as the flywheel that drives sustainable growth.
INSIGHT

One Way Doors Versus Two Way Doors

  • Use decision types to speed execution: treat reversible choices differently from hard-to-reverse ones.
  • Craig distinguishes one-way doors (pricing) for slow deliberation and two-way doors for quick experiments and rollouts.
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