Lenny’s Newsletter♥ 90
Nov 23, 2021 · 5 min
Subscriber post — summary onlyLenny Rachitsky answers a reader's question about which metrics matter for a consumer app, arguing the right metrics depend on how the business makes money. He walks through five consumer models (trial-based…
Product Talk · Teresa TorresDec 6, 2011
Dec 6, 2011 · 3 min
“I often get asked for book recommendations related to product management. This is a hard question to answer. There are a lot of great books out there. But I think the most important aspect of being a good product manager requires working from the perspective of the whole business. It'”
Lenny’s Podcast74 min
Yuriy Timen · Sep 1, 2022
Key learnings- Give every channel a real test before judging it; many teams wrongly conclude YouTube or other tactics don't work because they…
- Virality works best when the product has inherent network effects, where utility grows with more users, rather than trying to…
- Treat SEO as a 3-month time-boxed experiment, favoring angles with a unique editorial, programmatic, or data advantage, and buy a…
producthabits.com · Hiten ShahNov 5, 2018
Nov 5, 2018 · 27 min
Hiten Shah traces how Square went from a 2009 idea born of a lost glassblowing sale to a company valued in the billions, by solving the costly problem of card acceptance for small businesses. He highlights the simple…
Lenny’s Podcast102 min
Paul Adams · Oct 26, 2023
Key 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…
- Treat AI as a strategic shift rather than a feature; Intercom ripped up its strategy and rebuilt from first principles after the…
- Build real machine learning depth on the team, but spread AI skills across product teams instead of isolating AI work in a…
Lenny’s Podcast71 min
Julia Schottenstein · Jul 13, 2023
Key learnings- Evaluate early-stage companies on four dimensions: people, market, product, and distribution, and recognize that no company will…
- Look for signs of product spark, such as users who can't stop talking about the product and want to share it with teammates and…
- Build a strong standalone offense so you have a viable alternative in every M&A conversation rather than needing to sell.
Lenny’s Podcast106 min
Hila Qu · Apr 2, 2023
Key learnings- Treat PLG as data-led growth: free products should yield broader reach plus usage data showing which features correlate with…
- Most companies end up running both PLG and sales motions; start PLG early because retrofitting it into a sales-led organization…
- Commit for a year or two and don't mistake simply opening a free trial for a PLG strategy; it requires redesigning activation…
Lenny’s Newsletter♥ 86
Feb 8, 2022 · 10 min
Subscriber post — summary onlyLenny Rachitsky benchmarks what counts as good and great monthly SaaS churn, drawing on growth leaders and ProfitWell data across B2C, SMB/mid-market, and enterprise segments. He argues churn should be read by price…
Lenny’s Podcast80 min
Camille Hearst · Aug 20, 2023
Key learnings- Creators often undervalue their work and avoid charging fans, but a fair value exchange is needed for creators to make a…
- Subscription revenue creates a 'hamster wheel' where creators feel locked into constant output, so platforms should consider…
- Early creators benefit from consistent, predictable publishing of quality work over time, which Camille has seen as a top success…
HEY World · Jason FriedDec 3, 2025
Dec 3, 2025
Jason Fried announces Fizzy, a new kanban-style card-and-column tool from the team behind Basecamp. He argues that popular issue-tracking tools like Trello, Jira, and Asana have grown bloated and complicated, drifting…
SVPG · Marty CaganJan 11, 2023
Jan 11, 2023 · 25 min
Marty Cagan argues that the product industry needs more skilled product coaches, and that many self-described coaches lack real product experience. He insists that effective product coaching must rest on relevant…
Lenny’s Newsletter · Free post♥ 250
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…
Product Talk · Teresa TorresJul 20, 2022
Jul 20, 2022 · 4 min
Teresa Torres argues that B2B and B2C discovery are less different than people assume, since most consumer products also serve multiple stakeholders such as advertisers or content providers. The key issue in enterprise…
HEY World · Jason FriedAug 26, 2026
Aug 26, 2026
Jason Fried describes an experiment for a free in-person Basecamp event in Chicago: attendees pay a $100 refundable deposit at registration and get the cash back at the door if they show up. The problem is that free…
Product Talk · Teresa TorresNov 11, 2025
Nov 11, 2025
Teresa Torres and Petra Wille discuss the practical pain of global invoicing and EU tax compliance for small international online businesses. They argue that platforms and product teams often miss small regulatory…
Lenny’s Newsletter♥ 27
Apr 13, 2021 · 16 min
Subscriber post — summary onlyLenny Rachitsky explains why marketplaces fail, drawing on dozens of failed examples. He argues the core causes mirror any startup: lacking product-market fit on demand or supply, poor liquidity, weak unit economics…
SVPG · Marty CaganMay 12, 2007
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…
Lenny’s Newsletter♥ 93
Jan 25, 2022 · 25 min
Subscriber post — summary onlyLenny Rachitsky reviews more than 140 of his angel investments, sharing seven surprises, a practical path into angel investing, and his startup evaluation criteria. His core argument is that access to good deals and a…
Lenny’s Newsletter · Free post♥ 14
Feb 25, 2020 · 4 min
Lenny Rachitsky answers a SaaS founder's question about when a small startup should raise money and start hiring. His core guideline is to wait until product/market fit is found, since hiring before then slows a company…
SVPG · Marty CaganDec 18, 2007
Dec 18, 2007 · 4 min
Marty Cagan and Martina Lauchengco argue that the terms "product" and "solution" are often misused, especially in enterprise and infrastructure software. They define a real product as one customers pay for, that works…
Lenny’s Newsletter · Free post♥ 161
Oct 22, 2024 · 12 min
Lenny Rachitsky and Louise Beryl analyze over 5,000 survey responses from newsletter subscribers to benchmark U.S. product manager salaries by level. The headline finding is the rise of the individual contributor path…
Lenny’s Newsletter♥ 41
Feb 2, 2021 · 13 min
Subscriber post — summary onlyThe post answers how to increase a product's virality, first arguing that virality should only be a primary growth engine when the product naturally suits it, versus performance marketing, content, or sales. It defines…
Lenny’s Newsletter♥ 242
Feb 18, 2025 · 7 min
Subscriber post — summary onlyLenny Rachitsky shares compensation benchmarks for product managers across the U.S., Europe, the U.K., and Canada, using Pave data drawn from over 23,000 PMs. The post breaks down base salary, equity, and total comp by…
SVPG · Marty CaganFeb 28, 2006
Feb 28, 2006 · 4 min
Cagan argues that the traditional role of the salesperson is shrinking as customers now research, trial, and buy products online before ever talking to a rep. He identifies the main barriers that kept people buying…