Drawer 11 · 316 notes · 58 people · 2005–2026

Metrics, data & experimentation

North-star metrics, analytics, A/B tests, and data-informed decisions

Q:
Answers from Metrics, data & experimentation notes, cited
Lenny’s Newsletter · Free post♥ 224

What is good retention?

Jun 9, 2020 · 12 min

“Hello, and welcome to the free monthly editionof my weekly newsletter. I’m Lenny, and each week I tackle reader questions about product, growth, working with humans, and anything else that’s stressing you out at the office. Q: What do you consider GOOD and GREAT retention? “Great retention is the scalable way to grow a product. It’s the best indicator of product-market fit, it is the most important factor in a user’s lifetime value…”

SVPG · Marty CaganDec 11, 2011

Measuring Innovation

Dec 11, 2011

Marty Cagan argues that popular product measurement tools, such as product scorecards and Eric Ries's 'innovation accounting', are valuable for focusing on outcomes but are insufficient on their own. Measuring only…

SVPG · Marty CaganMay 12, 2007

Measuring Product Managers

May 12, 2007 · 3 min

Marty Cagan argues that the true measure of a product manager is the success of their product, but that picking the right success metric is hard. He proposes the Net Promoter Score (NPS), which asks customers how likely…

Product Talk · Teresa TorresJul 10, 2014

The Ethics of the Data We Collect

Jul 10, 2014 · 8 min

Teresa Torres argues that product builders rarely stop to consider the ethics of the data they collect, even though user tracking has grown far beyond the cookies that alarmed people in the late 1990s. She notes that…

Product Talk · Teresa TorresSep 20, 2012

Predicting The Impact Of Each User Story

Sep 20, 2012 · 5 min

Teresa Torres argues that predicting the expected impact of each user story before building it serves two purposes: it helps prioritize the backlog, and it surfaces the hidden assumptions behind what a team is building…

Lenny’s Newsletter♥ 135

How to determine your activation metric

Nov 8, 2022 · 17 min
Subscriber post — summary only

A follow-up on activation metrics explaining a three-step method: brainstorm candidate moments from usage data, test them with regression against retention, then run experiments to confirm causality. It adds real reader…

Product Talk · Teresa TorresMar 6, 2013

Measuring The Success Of Product Emails

Mar 6, 2013 · 4 min

This post sets out what product teams should realistically expect from email metrics: open rates, click-through rates, conversion rates, and unsubscribes. It explains that open rates are an imperfect approximation…

Lenny’s Podcast110 min

Why great AI products are all about the data

Shaun Clowes · Dec 29, 2024
Key learnings
  • Start every document from the customer, market, and competitor perspective rather than internal execution, since…
  • Right-size qualitative research: interview roughly 7 to 14 people, because fewer gives too little signal and more stops yielding…
  • Use LLMs to hunt for where your strategy doesn't fit customer feedback, not to confirm what you already believe, and to infer…
Lenny’s Newsletter · Free post♥ 250

What is a good activation rate

Oct 25, 2022 · 14 min

Lenny Rachitsky and growth advisor Yuriy Timen ran a benchmarking survey of over 500 product teams to answer what counts as a good activation rate. The article defines activation as the share of new users who reach a…

Lenny’s Podcast101 min

Be fundamentally different, not incrementally better

Jag Duggal · May 16, 2024
Key learnings
  • Start from a deep, emotionally felt customer pain point rather than a feature idea; Nubank tied its origin to widely hated…
  • Use the Sean Ellis survey as a gate before scaling: ask how disappointed users would be if the product disappeared, and raise the…
  • Keep small, measure whether customers truly love it, and avoid scaling problems that aren't yet solved; scaling early creates big…
produxlabs.com · Melissa PerriJul 16, 2020

Why Product Leaders Need Product Operations

Jul 16, 2020 · 7 min

Cheryl Michael, CPO of CentralReach, argues that product leaders who want to act with confidence need a structured, data-driven approach to product operations rather than relying on intuition alone. She frames product…

Product Talk · Teresa TorresJun 27, 2013

Setting Product Goals

Jun 27, 2013 · 4 min

Teresa Torres walks through how she sets quarterly product goals for her team, focusing on the most valuable thing the business needs next. She shows three quarters of goals that changed as her understanding grew: first…

SVPG · Marty CaganSep 4, 2017

Leveraging Data Science

Sep 4, 2017 · 4 min

Cagan argues that many product companies have yet to seriously consider data science, even though leading firms are already gaining advantages from it. He distinguishes data science from traditional analytics by its…

Lenny’s Newsletter♥ 54

How to increase your product's retention

Aug 25, 2020 · 14 min
Subscriber post — summary only

Lenny explains how to measure retention using cohort charts, and why a curve that flattens signals product-market fit. He then lays out seven levers for improving retention, ranked by expected impact: improving the…

SVPG · Marty CaganSep 8, 2009

Product Discovery vs. Product Optimization

Sep 8, 2009 · 4 min

Cagan argues that product teams need two distinct disciplines: Product Discovery, which uses prototyping and user testing to find new valuable, usable, feasible solutions, and Product Optimization, which improves an…