Lenny’s Newsletter · Subscriber post · PM career & craft · Org design & culture

Which companies produce the best product managers

Part two in my exploration of the companies that find and develop the best PMs

Lenny RachitskyMar 18, 20258 min♥ 200
SourceLenny’s Newsletter
KindSubscriber post
PublishedMar 18, 2025
Readers♥ 200
Originallennysnewsletter.com ↗
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Lenny Rachitsky follows up his earlier analysis by ranking companies whose former product managers most often start companies, raise Series A rounds, accelerate their careers, or become product leaders. Using alumni data from Live Data Technologies, he narrows the window to the past decade and adds new companies. He also explains why Stripe alumni rank lower on career advancement: many join early-stage rocketship companies as key PMs instead of climbing ladders.

Subscriber post — summary only

01Key takeaways

  • Palantir, Intercom, and Dropbox lead in former PMs who start their own companies.
  • Chime, Scale, and Palantir stand out for former PMs who go on to raise a Series A.
  • Intercom ranks in the top 10 on all four career-acceleration dimensions analyzed.
  • Strong product-leader pipelines include eBay, Intercom, N26, Palantir, and Notion.
  • Rankings reflect who gets hired, not only what the company does, so they are imperfect guides.

Summary and takeaways written by PM Atlas; quotes are short excerpts. © the original author.