Drawer 01 · 610 notes · 121 people · 2005–2026

Product strategy & vision

Strategy, vision, positioning, moats, and deciding what to build

Q:
Answers from Product strategy & vision notes, cited
SVPG · Marty CaganFeb 3, 2013

Vision Pivots vs. Discovery Pivots

Feb 3, 2013 · 4 min

Marty Cagan argues that the word "pivot" is overused in product teams and that teams too often abandon their product vision far too early. He separates two kinds of pivots: vision pivots, which change the underlying…

Lenny’s Newsletter♥ 73

GTM motions of 30 B2B SaaS companies

Aug 24, 2021 · 12 min
Subscriber post — summary only

Lenny Rachitsky analyzes how 30 fast-growing B2B SaaS companies chose their go-to-market motions, covering product-led versus sales-led approaches, top-down versus bottom-up targeting, and which market segments they…

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 CaganOct 31, 2011

Product Market Fit vs. Product Vision

Oct 31, 2011 · 4 min

Marty Cagan argues that Product Market Fit and the Product Vision are related but distinct, and that teams often confuse them. The Product Vision describes the services and customers a company intends to serve over…

@lissijean · Melissa Perri on X♥ 9
Product teams need to think like investors—understand the real cost, focus on ROI, and balance risk to drive outcomes. Fabrice des Mazery, former CPO at TheFork, shares how shifting to an investment mindset leads to smarter decisions and impact. Listen:
SVPG · Marty CaganApr 21, 2013

Value Creation vs. Value Capture

Apr 21, 2013 · 3 min

Marty Cagan argues that many product teams, both in startups and established companies, spend most of their effort capturing value (pricing tests, ad optimization, cost cutting) rather than creating it. Startups often…

SVPG · Marty CaganMay 31, 2005

Beware of Specials

May 31, 2005 · 4 min

Marty Cagan argues that 'specials'—large customer or partner deals that come with a condition to build exactly what they request—can derail a product company. Although the cash is tempting, especially for cash-strapped…

Lenny’s Newsletter · Free post♥ 192

Pricing your SaaS product

Oct 27, 2020 · 18 min

Patrick Campbell, CEO of ProfitWell, argues that pricing is an ongoing strategic lever rather than a one-time number, and that early on the exact price matters far less than the value metric and the customer segments…

Lenny’s Podcast136 min

How to build a company that withstands any era

Eric Ries, Lean Startup author · May 10, 2026
Key learnings
  • Protect your company's mission structurally from day one; waiting for success or later fundraises makes these protections…
  • Check your own corporate charter and governance documents, since most founders never read them and may have signed away mission…
  • Consider filing as a public benefit corporation with a specific purpose statement; it's a simple filing that defends against…
SVPG · Marty CaganAug 3, 2009

Lessons from Amazon

Aug 3, 2009

Marty Cagan highlights a talk by Amazon founder Jeff Bezos and draws out four principles that connect to his thinking on product portfolio planning. The core message is that great product companies focus relentlessly on…

Lenny’s Podcast86 min

Behind the scenes of Calendly’s rapid growth

Annie Pearl · Feb 26, 2023
Key learnings
  • When sharing a scheduling link, first invite the other person to share their availability, and paste your open times directly…
  • Break into product via internal transfer: show curiosity, help with product work on the side, and build relationships with PMs…
  • Start from a clear product strategy that defines where you play and where you don't, including the markets, segments, and…
SVPG · Marty CaganJan 26, 2007

Lessons from Apple

Jan 26, 2007 · 4 min

Marty Cagan argues that Apple's repeated success in redefining consumer markets comes from product discipline rather than marketing. Written around the iPhone's debut, the essay contends that Apple gets the ordering of…

SVPG · Marty CaganApr 25, 2009

The Purpose of Product Portfolio Planning

Apr 25, 2009 · 3 min

Cagan argues that product portfolio planning should be treated like financial portfolio planning: each product effort is an investment whose returns depend on where the company places its bets. Many companies either…

Lenny’s Newsletter · Free post♥ 108

Choosing Your North Star Metric

Jun 16, 2021

This is a short announcement newsletter pointing readers to a guest post Lenny Rachitsky wrote for a16z's Future site on choosing a North Star Metric. The guide draws on a survey of current and former employees at more…

Lenny’s Newsletter · Free post♥ 92

A founder’s guide to community

Nov 30, 2021 · 32 min

David Spinks argues that community is a structure for creating value by helping people help each other, which can scale a product's impact with a small team. Before investing, founders should align community to a…

SVPG · Marty CaganJan 19, 2015

The Power of Customer Misbehavior

Jan 19, 2015

Marty Cagan argues that product teams can find major opportunities by letting customers use their products for purposes the company never planned or officially supports. He describes this as a third path beyond…

SVPG · Marty CaganSep 20, 2022

Changing How You Solve Problems

Sep 20, 2022 · 7 min

The authors argue that many companies become efficient feature factories: most roadmap features fail to generate a positive return, often estimated at only 10-20%. The root cause is feature teams that serve internal…

Lenny’s Podcast94 min

Building minimum lovable products, stories from WeWork and Airbnb, and thriving as a PM

Jiaona Zhang · Jul 2, 2023
Key learnings
  • New PMs often jump to solutions; start by understanding user problems and whether a real opportunity exists before deciding what…
  • A PM has little formal authority and must lead through influence, so editing and synthesizing opportunities matters more than…
  • Check unit economics early; magical thinking that a business will work at scale is a common trap, as the Airbnb Plus experience…
Lenny’s Podcast69 min

Frameworks for product differentiation, team building, and thinking from first principles

Ayo Omojola · May 14, 2023
Key learnings
  • Differentiation must be both different and better in a way end users actually care about; being merely different or merely…
  • Find a sharp, memorable point of difference you can state in one line; for Cash App it was instant access to money when…
  • Keep a startup-within-a-company small and tightly knit with senior people who trust each other, and fight for each headcount…
Lenny’s Podcast71 min

How to sell your ideas and rise within your company

Casey Winters · Jul 21, 2022
Key learnings
  • Escalate problems to leadership early so they can help change circumstances, rather than silently absorbing them; leaders can't…
  • Structure upward communication to start at the last point the audience already agrees with, not at the chapter-six detail or with…
  • Prepare for important meetings by role-playing each attendee and listing every possible question, ensuring you have the data to…