Lenny’s Podcast · Podcast episode · Building AI products · Product strategy & vision

What AI means for your product strategy

Lenny Rachitskywith Paul AdamsOct 26, 2023102 min♥ 60
SourceLenny’s Podcast
KindPodcast episode
PublishedOct 26, 2023
Readers♥ 60
Originallennysnewsletter.com ↗
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Paul Adams, Chief Product Officer of Intercom, shares stories of public-speaking failure, his time at Google and Facebook, and lessons on shipping to learn. The conversation centers on how AI should reshape product strategy, drawing on Intercom's all-in pivot toward AI-driven customer support (Fin), plus practical frameworks like differentiation vs. table stakes, swinging the pendulum, and product-market story fit.

01Key learnings

  • Before redesigning a product for AI, start from the core premise: why people use it and what problem it solves, then map what AI can fully replace, partially do, or augment.
  • Treat AI as a strategic shift rather than a feature; Intercom ripped up its strategy and rebuilt from first principles after the ChatGPT launch.
  • Build real machine learning depth on the team, but spread AI skills across product teams instead of isolating AI work in a specialist group.
  • Make time to learn AI deliberately by blocking focused time for reading and hands-on experimentation, rather than relying on extra hours.
  • Keep pricing simple; resist adding tiers, add-ons, and extra pricing dimensions, since they quickly make bills confusing for customers.
  • Balance differentiation with table stakes on the roadmap, and recognize startups must build enough basics to let customers actually switch from incumbents.
  • Ensure your product story is as clear as the product itself; great products can fail when the market narrative is convoluted or wrong.
  • Read counterarguments and skeptical perspectives to temper optimism when forming strong convictions about emerging technology.
“At Facebook, you can design the product. But at Intercom, you can design the company.”Paul Adams · Lenny’s Podcast · 00:13:24
“I think if people don't explore AI properly, it will leave them behind.”Paul Adams · Lenny’s Podcast · 00:19:34
“Fight so hard to resist the temptation to add extra ways in which you price.”Paul Adams · Lenny’s Podcast · 00:54:38

02Frameworks mentioned

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