Nik Storonsky, founder of Revolut: Great people don't need management Nik Storonsky recently sat down with Henrique Dubugras for an amazing conversation where he shared his approach to people management: "As soon as you start managing people, they're probably a failure". On one hand this sounds harsh. On the other hand he's saying the best people need trust and autonomy. He's also always pushed back against hiring senior execs and believes that great managers need to be in the details. Also - after nearly 10 years of practically neglecting the media, Storonsky has now sat down for two podcast interviews and a series of linkedin posts in the past few months. Is this his Zuck moment, going through a personal rebrand to help Revolut's private valuation? Or is this a CEO who is getting ready for a different career, one as the CEO of a public company where he will be forced to engage with the media on a much more regular basis? Either way I am HERE for it.
Exactly right 💯
This is likely to be misinterpreted. What Nik means by management is different to what most people think "management" is.
Man, this is a really bad take for most businesses. Great management and leadership requires presence, not absence. What he is talking about is a total neglect of management - not coaching or training your people.
Interesting take! Storonsky's "no management" philosophy works great for self-starters but ignores that even top talent needs direction. 🚀 His sudden media blitz definitely feels IPO-related. Been watching Revolut closely!
May I have the link to the full interview?
🤣