Listen to the original at Lenny’s Podcast ↗lennysnewsletter.com
By Lenny Rachitsky · with Vijay · lennysnewsletter.com · @lennysan on X · YouTube · LinkedIn
Vijay Iyengar, Head of Product at Mixpanel and a former engineer who moved from engineering manager to director of product, discusses Mixpanel's journey from a single analytics product to a broader suite and back to a focused core. The conversation covers why they refocused, how they plan and prioritize, keeping product teams close to customers, and common mistakes in setting up product analytics.
01Key learnings
- Protect your core product: rather than moving people from the core to new ventures, invest the core's profits into new bets, since competitors can out-invest you in the core.
- Be cautious adding adjacent products in new categories; bolt-on products that are only mid-tier in crowded categories rarely move revenue much and drain engineering capacity.
- When a product is losing customers to competitors, a focused 'speed' phase working directly from ranked churn reasons can close feature gaps quickly, but it should not be a permanent operating mode.
- Before saying no to new ideas, spend a dedicated short window genuinely trying to make them work and document the attempt; this turns reflexive rejection into a considered decision.
- Consider giving design a protected block of time for system-architecture work so it isn't squeezed in as cosmetic polish at the end of projects.
- Prioritization tip: in RICE, temporarily ignore confidence and effort for high-reach, high-impact ideas so they are not prematurely deprioritized, then score them after exploring solutions.
- Use time-boxed 'appetite' thinking: pick a reasonable timebox and ask what you would build differently with less or more time to find the efficient frontier of cost versus impact.
- Track events from your servers rather than client SDKs to get full reach, consistent cross-platform data, and the ability to fix tracking without waiting for app updates.
“Invest profits and not people, or venture capital, which is maybe net present value of profits or something to that effect.”Vijay Iyengar · Lenny’s Podcast · 00:00:00
“The best way to get to a no, if you ultimately need to get there, is to try to make it work.”Vijay Iyengar · Lenny’s Podcast · 00:04:13
“It's also 10x more painful than you think to cut mild successes than anything else.”Vijay Iyengar · Lenny’s Podcast · 00:18:50
02Frameworks mentioned
Summary and takeaways written by PM Atlas; quotes are short excerpts. © the original author.