Drawer 09 · 288 notes · 89 people · 2005–2026

Startups & founders

Product-market fit, fundraising, early-stage building, and founder lessons

Q:
Answers from Startups & founders notes, cited
SVPG · Marty CaganOct 12, 2013

The Biggest Risk

Oct 12, 2013 · 4 min

Marty Cagan argues that the biggest risk facing most startups and new products is not market risk or business-model risk but solution risk: whether the team can find an approach customers actually choose to buy and use…

Substack · Shreyas Doshi♥ 275

Get to the Core of the Thing

May 16, 2026

Shreyas Doshi describes a founder asking whether to go wide or deep, and argues that abstract framings like this feel productive but avoid the decision. The core advice is to push past comfortable generalities toward…

SVPG · Marty CaganJun 26, 2009

Lessons from the VC Industry

Jun 26, 2009 · 7 min

Marty Cagan argues that product companies can learn a great deal from venture capital firms, which are also in the business of making product investments and maximizing returns. He contrasts VC practices with typical…

SVPG · Marty CaganJul 18, 2022

Time To Build

Jul 18, 2022 · 3 min

Marty Cagan argues that the best products often emerge during economic downturns, when companies lack the money to paper over weak products. He contends that many firms, especially those with abundant funding, assume…

SVPG · Marty CaganJun 27, 2011

Product Passion

Jun 27, 2011 · 3 min

Marty Cagan argues that great product companies require genuine passion for a long-term vision, not just the pursuit of a quick hit. He observes a renewed 'product frenzy' fueled by mobile, where building an app is…

Product Talk · Teresa TorresAug 26, 2014

Know Who You Are Building For and Why

Aug 26, 2014 · 5 min

“It’s easy to be fooled by the Facebooks and the Googles of the world. Everyone uses their products. They make it easy to rationalize why everyone will use your product. But when you draw this conclusion, you skip right from A to Z, ignoring all the steps they took”

Lenny’s Newsletter♥ 25

Finding your distribution advantage

Jun 22, 2021 · 9 min
Subscriber post — summary only

The post argues that distribution, not product alone, separates startups that succeed from those that fail, and that a unique distribution advantage is needed to reach audiences more cheaply than competitors. It lays…

SVPG · Marty CaganJul 6, 2009

Your Business Plan is Wrong

Jul 6, 2009 · 3 min

Marty Cagan, drawing on a conversation with venture capitalist Josh Kopelman, argues that business plans are wrong almost as soon as they are written. Competition, technology, and market dynamics constantly shift, and…

SVPG · Marty CaganMar 10, 2005

Famous Product Managers

Mar 10, 2005

Marty Cagan argues that the founders of many of the world's most successful high-tech companies, such as Gates, Jobs, Bezos and Page, were effectively product managers in the best sense. They identified opportunities…

Lenny’s Newsletter♥ 559

First-principles thinking

Dec 19, 2023 · 21 min
Subscriber post — summary only

Lenny explains first-principles thinking as a beginner's-mind method: question assumptions, dig to the source, and rebuild problems from fundamental truths instead of copying analogies. He illustrates it with examples…

Product Talk · Teresa TorresMar 3, 2014

How You Build Matters. Finding Your MVP.

Mar 3, 2014 · 5 min

Teresa Torres argues that the MVP is widely misunderstood and that getting it right is critical for product teams. Instead of letting build time drive priorities, she suggests distilling a big, ideal idea into the…

Lenny’s Newsletter · Free post♥ 333

1,000,000

Mar 4, 2025 · 14 min

Lenny Rachitsky marks his newsletter reaching one million subscribers by answering a mailbag of reader questions instead of making big announcements. He describes a small freelance team handling editing, podcast…

SVPG · Marty CaganApr 13, 2006

Does Size Matter?

Apr 13, 2006

Marty Cagan compares working at small startups versus large companies, a question he is often asked by people weighing career moves. He draws on experience across company sizes from brand-new startups to firms with over…

Lenny’s Newsletter♥ 25

Winning at early-stage hiring

Jul 6, 2021 · 10 min
Subscriber post — summary only

The post answers a founder's question about hiring difficulty by synthesizing advice from several early-stage founders who consistently attract strong talent. It argues that hiring success comes from a compelling…