An inside look at how Miro builds product

What you want to do is that you want to be the first one to hit the brick wall. This is particularly true when you are in a market that is competitive. The reason for that is that if you consider yourself as an innovation-centric company and you believe that you are building experiences that fundamentally don't exist anywhere else and you're sort of paving the way for the rest of the folks to basically get inspired with how you are building these experiences, speed is the single biggest determinant, in my experience, in terms of who ends up being more successful versus not.

Every single day, every single time somebody is pushing your code to production and you're releasing a feature or an enhancement, you are making the product better or you're making the product worse, but the products never remain same. So with every release that your competitor is making and every release that you're making, you are either making chess points, moves against them, positive points, or you're going negative.

The success of a company is a direct relation of what the competition allows you to do. I feel like not many people talk about that, but in many cases in my professional career, and I've been at it for close to 24, 25 years, is that every single instance when I looked at a company accelerated their growth or there was a deceleration of growth, it was a direct relation to what the competition allowed you to do.