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
Medium · Hiten ShahNov 7, 2025

Why Tech Still Doesn’t Understand Marketing

Nov 7, 2025 · 5 min

Hiten Shah argues that tech has long misunderstood marketing, treating it as decoration or a growth hack when it is really the translation between what a product does and what it means to customers. He notes that the…

Lenny’s Podcast72 min

EOY Review

EOY Review · Dec 29, 2022
Key learnings
  • Start positioning by identifying competitive alternatives, including the status quo, since many B2B deals are lost to 'no…
  • Map each product capability to the customer value it enables, then group these into two or three differentiated value themes…
  • Treat metrics as insights only when they explain why a behavior happens and change what you do; otherwise they are entertainment…
Lenny’s Newsletter♥ 27

Why marketplaces fail

Apr 13, 2021 · 16 min
Subscriber post — summary only

Lenny Rachitsky explains why marketplaces fail, drawing on dozens of failed examples. He argues the core causes mirror any startup: lacking product-market fit on demand or supply, poor liquidity, weak unit economics…

Lenny’s Newsletter♥ 277

How Notion builds product

May 30, 2023 · 19 min
Subscriber post — summary only

An in-depth look at how Notion builds product, drawn from an interview with its Chief Product and Technology Officer. It covers planning cadences, a four-stage product review process, the small size of the PM team, a…

Lenny’s Newsletter♥ 389

Ecosystem is the next big growth channel

Nov 11, 2025 · 15 min
Subscriber post — summary only

The post argues that as AI makes building and reaching customers easier for everyone, traditional B2B channels like search, outbound, events and lifecycle email are getting noisier and less effective. It makes the case…

SVPG · Marty CaganFeb 27, 2024

Transformation Theater

Feb 27, 2024 · 6 min

Marty Cagan and Lea Hickman catalogue the common forms of 'theater' that show up when companies try to transform how they build products. Their core observation is that many transformations stay on the surface…

SVPG · Marty CaganApr 28, 2012

Product Marketing Contribution

Apr 28, 2012 · 5 min

The essay opens with a launch scenario where marketing and product management drift apart, producing mixed-up press releases, inaccurate website copy, and misplaced confidence. Cagan argues that product marketing is a…

SVPG · Marty CaganNov 30, 2009

No Silver Bullet

Nov 30, 2009

Marty Cagan revisits Fred Brooks's classic essay "No Silver Bullet" and argues that the software world is full of advocates who present a single favorite technique as the answer to everything. He acknowledges that he…

SVPG · Marty CaganJul 21, 2013

The Need For Speed

Jul 21, 2013 · 5 min

Marty Cagan argues that product teams need to move fast, and that many teams still hold a Waterfall-era belief that speed trades off against quality and innovation. He contends that speed is valuable for reasons beyond…

Lenny’s Podcast132 min

Scaling Duolingo, embracing failure, and insight into Latin America’s tech scene

Gina Gotthilf · Oct 19, 2023
Key learnings
  • Anchor the company in a mission people can rally behind; it helps with organic growth, hiring, and resisting short-term…
  • Keep growth lean and avoid paid acquisition early, since rising CAC and dependence on paid users can become an addiction that is…
  • Focus relentlessly on retention by asking whether the product delivers real value; users who find real value stick around.
SVPG · Marty CaganAug 16, 2022

Market Fit

Aug 16, 2022 · 5 min

The author argues that many companies reach an early beachhead of customers, assume product/market fit, and then stall because they neglected market fit. Market fit means discovering 'market pull': what makes customers…

Lenny’s Newsletter♥ 187

My favorite PM courses

Dec 20, 2022 · 5 min
Subscriber post — summary only

Lenny Rachitsky recommends a curated set of product management courses, split into five for senior PMs and five for up-and-coming PMs, plus honorable mentions. He limits picks to live, cohort-based courses that have run…

Product Talk · Teresa TorresApr 3, 2014

Drop Feature-Based Product Roadmaps

Apr 3, 2014 · 5 min

Teresa Torres argues that annual feature-based product roadmaps create false certainty, since release dates routinely slip and features get reshuffled. Product leaders still owe their teams a map, but it should show…

SVPG · Marty CaganFeb 9, 2007

The Product Council

Feb 9, 2007 · 4 min

Cagan argues that product decisions in most companies stall because the right people are never in the same room, and proposes a Product Council: a small cross-functional group of senior managers whose sole job is to…

SVPG · Marty CaganDec 29, 2015

Product For Legacy Companies

Dec 29, 2015 · 4 min

Cagan argues that legacy companies in retail, airlines, and financial services must shift from using technology internally to delivering technology directly to customers. Customer-facing technology faces a far higher…

SVPG · Marty CaganApr 9, 2008

Eating Dog Food?

Apr 9, 2008 · 3 min

Marty Cagan revisits the Silicon Valley slogan "we eat our own dog food," which he once repeated at Netscape, and now calls it meaningless. Using your own product is just another form of QA, not something to brag about…

The Looking Glass podcastMar 11, 2026

What Excellent Growth Teams See That Others Miss

Mar 11, 2026
Key learnings
  • Excellent growth teams look for opportunities that others in the organization tend to overlook, rather than only chasing the…
  • Growth work at a marketplace like DoorDash requires balancing consumers, merchants, and dashers, so teams should consider the…
  • Seven lessons framing suggests growth is treated as a repeatable discipline with distinct principles rather than a series of…
SVPG · Marty CaganFeb 10, 2009

Inspiring Product Leaders

Feb 10, 2009 · 3 min

Marty Cagan writes a tribute to Mike Homer, a Silicon Valley pioneer and mentor who died of CJD, using his memorial service to reflect on what makes great product leaders. Cagan argues that the best leaders are deeply…