Drawer 01 · 618 notes · 122 people · 2005–2026

Product strategy & vision

Strategy, vision, positioning, moats, and deciding what to build

Q:
Answers from Product strategy & vision notes, cited
SVPG · Marty CaganMar 3, 2022

Transformation as a Personal Journey

Mar 3, 2022 · 3 min

This essay describes how Ramsey Solutions, a financial education company, approached its digital transformation by first examining its own identity and capabilities rather than only envisioning its future. Its CEO's…

SVPG · Marty CaganMar 7, 2012

Viable Product vs. Minimal Product

Mar 7, 2012

Marty Cagan argues that a product proving it works and is usable is not the same as a product people will actually choose to buy and use. He calls the smallest functional, usable version a 'Minimal Product' and reserves…

Lenny’s Newsletter♥ 41

How to increase virality

Feb 2, 2021 · 13 min
Subscriber post — summary only

The post answers how to increase a product's virality, first arguing that virality should only be a primary growth engine when the product naturally suits it, versus performance marketing, content, or sales. It defines…

Lenny’s Newsletter♥ 30

Why now?

Jul 21, 2021 · 4 min
Subscriber post — summary only

Lenny Rachitsky examines whether startups need a strong 'why now' to win over investors and build large businesses. He argues a clear answer helps, since it can enable a much better product or open an untapped market…

Lenny’s Newsletter♥ 162

How to build a killer sales pitch

Oct 17, 2023 · 17 min
Subscriber post — summary only

April Dunford argues that B2B buyers often choose "no decision" because purchases feel high-stakes and confusing, making indecision the real competitor. She proposes a two-part sales pitch: a setup that teaches the…

Lenny’s Podcast78 min

The Godmother of AI on jobs, robots & why world models are next

Dr. Fei Fei Li · Nov 16, 2025
Key learnings
  • Large labeled datasets were the missing ingredient that unlocked modern AI; big data, neural networks, and GPUs together formed…
  • Pursue a north-star problem and commit to it for years, as ImageNet's object recognition focus did for her lab.
  • Be willing to take intellectual and career risks, such as leaving tenure track or joining new ventures, when the mission and…
Lenny’s Podcast133 min

A better way to plan, build, and ship products

Ryan Singer · Mar 30, 2025
Key learnings
  • Start from a fixed time budget (appetite) and shape a solution that fits it, rather than estimating a large idea and hoping it…
  • Hold shaping sessions where product, design, and a senior engineer work together to sketch the idea and surface technical…
  • Aim for a shaped idea describable in under about ten moving pieces; if it takes more, it likely isn't shaped well enough.
@joulee · Julie Zhuo on X♥ 284
4 tests any personal AI needs to pass to go big: 1. The mom test 2. The spare key test 3. The putting-it-off test 4. The bored-in-line test ...and my review of how @Muse does across each of them! Buckle up with a coffee and a snack, cuz this one goes deep.
SVPG · Marty CaganMar 26, 2022

The Nature of Product

Mar 26, 2022 · 3 min

Marty Cagan argues that the essential nature of technology-powered products is hard to grasp until you've worked on a strong product team, and that most people think they understand it but don't. He highlights a rarely…

Lenny’s Newsletter · Free post♥ 53

Li Jin launches Atelier Ventures, her debut fund to invest in the passion economy

Feb 16, 2021 · 13 min

“In 2019, while still working at a16z, Li Jin wrote a provocative essay titled “The Passion Economy and the Future of Work.” In it, she defined and highlighted an emerging trend she called the “passion economy” wherein people “build audiences at scale and turn their passions into livelihoods.” Her claim was that new digital platforms and marketplaces will have a profound impact in enabling people to connect to consumers and monetize…”

Medium · Hiten ShahOct 25, 2025

The Toy That Becomes an Operating System

Oct 25, 2025 · 3 min

Hiten Shah argues that transformative technologies often look like toys at first, and that Wabi's playful mini-apps are an early stage of a new personal operating system. He compares this to the early personal computer…

Lenny’s Podcast71 min

M&A, competition, pricing, and investing

Julia Schottenstein · Jul 13, 2023
Key learnings
  • Evaluate early-stage companies on four dimensions: people, market, product, and distribution, and recognize that no company will…
  • Look for signs of product spark, such as users who can't stop talking about the product and want to share it with teammates and…
  • Build a strong standalone offense so you have a viable alternative in every M&A conversation rather than needing to sell.
Product Talk · Teresa TorresFeb 13, 2019

Prioritize Opportunities, Not Solutions

Feb 13, 2019 · 8 min

Teresa Torres argues that product teams waste effort ranking backlogs of solutions with made-up scoring formulas. Instead, teams should gather customer opportunities (needs, pain points, desires) from interview stories…

SVPG · Marty CaganOct 5, 2023

Transformation Fail

Oct 5, 2023 · 5 min

Marty Cagan argues that most digital transformations fail, and draws on two decades of hands-on work helping companies adopt the product operating model to name the root causes. He lists ten recurring mistakes, ranging…

Lenny’s Podcast115 min

Max Schoenig

Max Schoenig
Key learnings
  • Prototyping in code forces you to understand the medium, so designers and PMs gain better judgment about what the real product…
  • Agency, the willingness to treat your company and role as malleable, matters more than any single skill as AI tools make…
  • Start by making things; tinkering builds the belief that the world around you can be changed, which Max sees as the root of…
SVPG · Marty CaganOct 12, 2013

The Biggest Risk

Oct 12, 2013 · 4 min

Marty Cagan argues that the biggest risk facing most startups and new products is not market risk or business-model risk but solution risk: whether the team can find an approach customers actually choose to buy and use…

SVPG · Marty CaganJan 1, 2023

Product Management: An Introduction

Jan 1, 2023 · 4 min

Marty Cagan lays out the product operating model, in which a product manager sits on a small cross-functional team alongside a designer, a tech lead and engineers, and is accountable for solving customer problems that…

SVPG · Marty CaganNov 28, 2023

Alternatives To Product Managers

Nov 28, 2023 · 6 min

Marty Cagan responds to a public interview with Airbnb CEO Brian Chesky by examining alternatives to product managers. He defines product management as owning the value and viability of what gets built, and argues that…

Lenny’s Newsletter♥ 86

How Snowflake builds product

Jul 11, 2023 · 17 min
Subscriber post — summary only

An interview with Snowflake's Director of Product for its Developer Platform and Ecosystem, describing how the company plans, reviews, and organizes product work. It covers annual 'big boulder' planning, six-page plan…