Lenny’s Podcast · Podcast episode · Growth & retention · Go-to-market & sales

How Snyk built a product-led growth juggernaut

Lenny Rachitskywith Ben WilliamsNov 6, 2022111 min♥ 72
SourceLenny’s Podcast
KindPodcast episode
PublishedNov 6, 2022
Readers♥ 72
Originallennysnewsletter.com ↗
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Ben Williams, VP of Product at Snyk (the developer security company), walks through how Snyk grew from a narrow developer-focused freemium tool into a large company. The conversation covers its early community-driven and product-led acquisition loops, the struggle to monetize self-serve before adding sales, and how Snyk structured its growth org, experimentation culture, and activation metrics.

01Key learnings

  • Start with a narrow, deep use case for one developer community (Snyk began with Node.js developers) to validate product-market fit before expanding to more languages and ecosystems.
  • Design acquisition loops into the product itself, such as Snyk-branded pull requests that educate other developers and drive them to sign up, so growth compounds with use.
  • Build programmatic SEO assets, like Snyk Advisor's package health pages, that generate and index large volumes of pages automatically to attract organic traffic.
  • Don't assume self-serve monetization will work alone in enterprises; governance, reporting and user management features and sales involvement were needed before revenue scaled.
  • Make growth teams cross-functional with engineers, PMs, designers, growth marketers and decision scientists sharing common objectives and KPIs to avoid misaligned incentives.
  • Document growth loops in a qualitative model plus quantitative data so the team shares an understanding of how growth works and can focus quarter to quarter.
  • Treat learnings as the input and impact as the output; run regular team and group impact-and-learnings reviews so insights are shared across the company.
  • Define activation around a habit moment tied to long-term retention (for Snyk, fixing a vulnerability within 30 days of team creation), validated with data analysis rather than intuition.
“Being able to identify the various micro and macro loops, how they're all connected, being able to document them in a qualitative model to communicate…”Ben Williams · Lenny’s Podcast · 00:00:00
“You're never going to have a shortage of ideas in a high performing growth team. So, knowing where to focus amidst that kind of sea…”Ben Williams · Lenny’s Podcast · 00:00:00
“Flow is just this incredibly important concept for developers and you want to strive to keep them in that flow for as long as possible.”Ben Williams · Lenny’s Podcast · 00:32:44

02Frameworks mentioned

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