Lenny’s Podcast · Podcast episode · Leadership & management · Product strategy & vision

The happiness and pain of product management

Lenny Rachitskywith Noam LovinskyMar 17, 202482 min♥ 42
SourceLenny’s Podcast
KindPodcast episode
PublishedMar 17, 2024
Readers♥ 42
Originallennysnewsletter.com ↗
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Noam Lovinsky, Chief Product Officer at Grammarly, shares lessons from a varied career spanning YouTube, Thumbtack, and Facebook's New Product Experimentation team. The conversation covers turning around struggling products and growth, incubating 0-to-1 ideas inside large companies, and the importance of stretch, stamina, and working on energizing work.

01Key learnings

  • Advocate for what is best for the business even when it means shutting down your own project; in healthy organizations, that candor is rewarded and builds trust.
  • Don't hesitate to ask for a different reporting structure if it will make you more productive; Noam layered himself under a peer manager at YouTube and it worked well.
  • Set guiding principles for trade-offs, such as serving customers first, then supply, then the company, to resolve thorny marketplace decisions.
  • Growth can mask underlying problems; stress-test what would happen if growth turned negative and pay attention to hidden friction.
  • Avoid relying on a single growth channel; diversify acquisition sources such as SEO, paid, referrals, and social before a shift in platform rules hurts you.
  • When building incubators inside large companies, the incentive system and review timelines matter most; twice-yearly performance cycles kill 0-to-1 teams.
  • Strategy is not only the product team's job; leaders in finance, sales, and people should all contribute to product strategy during downturns.
  • Seek roles that stretch and grow you, but ensure you can lean on one or two core strengths to balance the discomfort.
“Growth masks all problems.”Noam Lovinsky · Lenny’s Podcast · 00:24:24
“Life is short. There's so many things to be doing out there.”Noam Lovinsky · Lenny’s Podcast · 00:07:49
“If you're a large organization and you do some performance management process twice a year and you're 0 to 1 incubator, you've already killed it.”Noam Lovinsky · Lenny’s Podcast · 00:39:28

02Frameworks mentioned

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