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Lenny’s Newsletter · Free post♥ 111

A product manager’s guide to web3

Feb 15, 2022 · 24 min

This guest-authored guide by Jason Shah, head of product at Alchemy, explains how the product manager role changes at web3 startups. The author argues that PMs there are more versatile, more art than science given…

SVPG · Marty CaganFeb 14, 2022

Introducing LOVED

Feb 14, 2022 · 4 min

Marty Cagan introduces Martina Lauchengco's book LOVED, which argues that product/market fit has two halves: a strong product and a strong market approach. Building on his earlier work on product discovery, he contends…

Lenny’s Newsletter♥ 87

What is good monthly churn

Feb 8, 2022 · 10 min
Subscriber post — summary only

Lenny Rachitsky benchmarks what counts as good and great monthly SaaS churn, drawing on growth leaders and ProfitWell data across B2C, SMB/mid-market, and enterprise segments. He argues churn should be read by price…

SVPG · Marty CaganFeb 7, 2022

Value and Viability

Feb 7, 2022 · 3 min

Marty Cagan examines the adage that product managers get blamed for failure but rarely credited for success, and asks whether that is fair. He explains that on empowered product teams the product manager owns value and…

Lenny’s Newsletter♥ 51

How to get promoted

Feb 1, 2022 · 9 min
Subscriber post — summary only

Lenny Rachitsky lays out seven practical strategies for earning a promotion, drawing on his own roughly nine promotions over a 16-year career. The core argument is that consistent, impactful work is the foundation, and…

SVPG · Marty CaganJan 31, 2022

Two in a Box PM

Jan 31, 2022 · 10 min

Marty Cagan argues that the most damaging way companies try to scale product management is splitting the PM job across two people, the so-called 'two in a box' anti-pattern. The core problem is that the PM on an…

Lenny’s Newsletter♥ 94

Lessons from 140+ angel investments

Jan 25, 2022 · 25 min
Subscriber post — summary only

Lenny Rachitsky reviews more than 140 of his angel investments, sharing seven surprises, a practical path into angel investing, and his startup evaluation criteria. His core argument is that access to good deals and a…

SVPG · Marty CaganJan 21, 2022

Scaling with Process vs. People

Jan 21, 2022 · 3 min

Marty Cagan argues that the root cause of many large companies losing their product innovation is an over-reliance on process over people. He builds on his earlier overview of Product Ops models by focusing on why…

Lenny’s Newsletter♥ 61

Differentiating your product

Jan 11, 2022 · 9 min
Subscriber post — summary only

Lenny Rachitsky argues that product differentiation is essential, drawing on Michael Porter's view that winners either operate better or perform differently from rivals. The post lays out seven practical differentiators…

Lenny’s Newsletter♥ 64

Prioritizing at startups

Jan 4, 2022 · 11 min
Subscriber post — summary only

Lenny answers a first-time B2B founder's question about prioritization before product-market fit. He argues that typical frameworks suit large companies, lists common early-stage pitfalls, and proposes a single goal…

SVPG · Marty CaganDec 20, 2021

Product Ops Overview

Dec 20, 2021 · 17 min

Marty Cagan argues that 'Product Ops' has become a vague label, with at least six distinct meanings in companies today, making a claim that a company 'has Product Ops' nearly meaningless. He reviews five models he finds…

Lenny’s Newsletter♥ 86

What is a good payback period?

Dec 14, 2021 · 12 min
Subscriber post — summary only

Lenny Rachitsky polls sixteen growth experts on what counts as a good customer payback period across B2C, SMB and enterprise businesses. The post explains how to calculate payback on a gross-profit basis, why it matters…

Lenny’s Newsletter · Free post♥ 86

The Atomic Network

Dec 9, 2021 · 10 min

This excerpt from Andrew Chen's book argues that networked products should first build a small, self-sustaining 'atomic network' before expanding. The atomic network is the smallest unit that can stand on its own, and…

Lenny’s Newsletter · Free post♥ 92

A founder’s guide to community

Nov 30, 2021 · 32 min

David Spinks argues that community is a structure for creating value by helping people help each other, which can scale a product's impact with a small team. Before investing, founders should align community to a…

SVPG · Marty CaganNov 17, 2021

Process People Continued

Nov 17, 2021 · 4 min

Marty Cagan follows up on his earlier critique of 'process people' hijacking product ops. He notes that 'product ops' has no settled definition, and he has identified at least six different versions in his work with…

Lenny’s Newsletter♥ 162

What is product management

Nov 16, 2021 · 6 min
Subscriber post — summary only

Lenny Rachitsky answers the common interview question of what a product manager does, offering a working definition centered on delivering business impact through a team and customer problems. He frames the day-to-day…

Lenny’s Newsletter · Free post♥ 105

Six rules of hiring for growth

Nov 9, 2021 · 15 min

Elena Verna argues that a founder's first growth hire is one of the most consequential hires a startup makes, and that many founders begin with avoidable mistakes. She proposes six rules: define a growth model before…

Lenny’s Newsletter♥ 26

Breaking into growth

Nov 2, 2021 · 7 min
Subscriber post — summary only

This post is mostly a promotional announcement for a part-time PM course aimed at early-career product managers, with a reader Q&A in the middle. The core advice in the Q&A explains how to move from a generalist PM role…

SVPG · Marty CaganOct 28, 2021

Process People

Oct 28, 2021 · 5 min

Marty Cagan argues that product organizations contain three kinds of contributors rather than two: makers (designers, engineers, researchers), managers, and a growing group he calls process people. Process roles like…

Lenny’s Newsletter♥ 97

Picking a wedge

Oct 26, 2021 · 12 min
Subscriber post — summary only

Lenny Rachitsky explains what a 'wedge' strategy is, namely entering a large market through a narrow, sharp initial product and segment. He covers when a wedge is most needed (entrenched or crowded markets), why it…