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The fastest way to learn is to run two competing bets | Jay Parikh (EVP CoreAI, Microsoft)

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In the latest episode of Executive Function, Brett sits down with Jay Parikh, Executive Vice President of CoreAI at Microsoft. Before joining Microsoft, Jay spent over a decade as Facebook's global head of engineering, scaling the company from a few hundred engineers to billions of users, then ran the cybersecurity company Lacework as CEO through its acquisition by Fortinet. In this conversation, he breaks down the five ingredients of great engineering leadership, discusses why he'd rather run two competing bets in parallel than forecast a winner, and explains why company culture remains more important than ever for teams to get right.

In today's episode, we discuss:

The five ingredients that separate excellent engineering leadership from the rest

How to protect your team from large shifts in public perception

The mindset shift organizations need to maintain speed at scale

How every layer of the organization needs to stay connected to the customer

Why Jay runs "brain trusts" of senior ICs with zero managers in the room

References

Akamai: https://www.akamai.com/

AWS: https://aws.amazon.com/

Facebook: https://www.facebook.com/

George Conrades: https://www.linkedin.com/in/georgeconrades/

Mark Zuckerberg: https://x.com/finkd

Microsoft: https://www.microsoft.com/

Paul Sagan: https://www.linkedin.com/in/paul-sagan-59654a1/

Tom Leighton: https://www.linkedin.com/in/tleighton/

Where to find Jay

LinkedIn: https://www.linkedin.com/in/jayparikh/

Twitter/X: https://x.com/jayparikh

Where to find Brett

LinkedIn: https://www.linkedin.com/in/brett-berson-9986094/

Twitter/X: https://twitter.com/brettberson

Where to find First Round Capital

Website: https://firstround.com/

First Round Review: https://review.firstround.com/

Twitter/X: https://twitter.com/firstround

YouTube: https://www.youtube.com/@FirstRoundCapital

This podcast on all platforms: https://review.firstround.com/podcast

Timestamps

00:00 Introduction

00:36 How leadership changes through exponential growth

02:21 The five ingredients that define excellent engineering leadership

07:51 What actually drives culture at a company as it scales

12:05 The physics behind why everything slows down at scale

18:57 The fastest team of Jay's career, and why size mattered

22:44 Why every team should think like an FDE

26:20 Managing a team through wild swings in public perception

29:07 What's different about leading through the steepest S-curve moments

33:58 Why onboarding well means going slow to go fast

37:41 Is AI actually new, or is history just repeating?

41:35 What actually counts as a "big bet" worth taking

45:01 The concrete big bets that reshaped Facebook's entire technology stack

47:35 Why vertical integration keeps being the right call as companies scale

51:46 How being a startup CEO reshaped Jay as a leader

1:01:26 Why Jay overruled Zuckerberg's instinct to skip efficiency

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