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    Building minimum lovable products, stories from WeWork and Airbnb, and thriving as a PM | Jiaona Zhang (Webflow, WeWork, Airbnb, Dropbox)

    enJuly 02, 2023
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    Podcast Summary

    • Shifting the Focus from Solutions to Understanding User Problems: A Key Lesson for New Product ManagersNew product managers should prioritize understanding user problems and adopt a user-centric mindset to create products that truly meet the needs of their users.

      It is crucial for new product managers to avoid jumping to solutions and instead focus on understanding the problems of users and the real world. Many new PMs make the mistake of becoming attached to their own ideas and wanting to have the power to dictate what gets built. However, as JZ points out, product managers have limited authority and must rely on influence to drive product decisions. By shifting the mindset towards user-centric thinking and problem-solving, PMs can better identify opportunities and create products that truly meet the needs of their users. It is important for new PMs to untrain their tendency to jump to solutions and instead prioritize understanding the problems they are trying to solve.

    • The role and responsibilities of a product manager explained.Prioritize understanding customer needs and leverage existing resources to deliver value rather than reinventing the wheel.

      The role of a product manager is often misunderstood. Many people assume that being a product manager means having complete control and making all the important decisions. However, the reality is that a product manager's job is to identify opportunities, evaluate different possibilities, and make informed decisions based on market demand and strategic strengths. One common mistake is being too solution-focused and not taking a step back to understand the actual problem. For example, in the case of Airbnb Plus, the focus should have been on addressing the trust issue instead of trying to manage inventory through inspections. The lesson here is to prioritize understanding customer needs and leverage existing resources, such as guest reviews, to deliver value rather than reinventing the wheel.

    • Balancing big vision with thoughtful execution and avoiding the cost fallacy.Companies should have a clear vision, specific goals, and milestones for each phase of development. They should also avoid investing resources for too long in failing initiatives and encourage product leaders to challenge flawed approaches.

      It is important for companies to have a big vision and think big in order to innovate. However, this big vision should be coupled with thoughtful execution. It is crucial to be clear about the phase the company is in and set specific goals and milestones for each phase. This allows for learning and experimentation in the early stages while also providing opportunities to reassess and pivot if necessary. It is also important to avoid falling into the trap of the cost fallacy, where resources are invested for too long in a failing initiative. By setting clear go/no-go points and quarterly milestones, a company can prevent wasting significant time and resources. Additionally, product leaders should feel empowered to push back and challenge leadership when they believe an approach is flawed.

    • Effective strategies for pushing back on founder's ideas and presenting alternative solutions.By demonstrating conviction, understanding the founder's goals, and providing better solutions based on data and reasoning, the founder is more likely to consider alternative approaches for a successful minimal lovable product.

      When pushing back on ideas that the founder is enthusiastic about, it is important to have conviction and provide alternative options based on the spirit of what they are trying to achieve. Understanding the founder's goals and aligning with them is crucial. By demonstrating a deep understanding of the user and the business, and presenting better solutions backed by data and thoughtful reasoning, it is likely that the founder will be willing to consider alternative approaches. Additionally, it is important to consider the feasibility and potential profitability of the proposed idea. Ultimately, the concept of a "minimal lovable product" is emphasized as a more compelling and effective approach than the traditional minimal viable product.

    • Achieving a Minimal Lovable Product: Prioritizing Quality over Quantity and Focusing on User ExperienceDeveloping a minimal lovable product requires understanding user needs, prioritizing quality over quantity, and adding small but impactful details to enhance customer satisfaction.

      When developing a minimal lovable product, it is crucial to understand the options and needs of the user. The goal is to create something that is not just viable, but also enjoyable and valuable to the user. While there may be pressure to add numerous features, it is important to prioritize quality over quantity. Instead of trying to do everything in a mediocre way, focusing on doing a few things exceptionally well can make the product more lovable. Additionally, small details like keyboard shortcuts or extra "pixie dust" can make a significant difference in customer satisfaction. Ultimately, a strong point of view and understanding of the user's experience is essential in achieving a minimal lovable product.

    • The Power of Storytelling in Project RoadmappingBy incorporating storytelling and themes into project roadmaps, teams gain a deeper understanding of the purpose and significance of their work and enable flexibility in the face of changing circumstances. Documentation ensures clarity and accessibility.

      When roadmapping and prioritizing projects, it is important to focus on telling a story rather than simply creating a spreadsheet with a list of projects. Instead of just filling out impact, cost, and effort columns, it is crucial to articulate the why behind each body of work. This storytelling approach helps the team understand the purpose and significance of their projects. By creating a narrative and themes for the roadmap, it allows for more flexibility and adaptability as new information and insights arise. Additionally, it is recommended to document the roadmap in a written format, such as a doc, to ensure clarity and accessibility, especially in remote or hybrid work environments.

    • Utilizing effective artifacts and systems and establishing a reputation for excellence can enhance a product manager's performance and career growth.Embrace tools and platforms like Jira for real-time updates and accurate product roadmap management. Establish a reputation for excellence in a specific area to attract more responsibility and career opportunities.

      It is important for product managers to create and utilize artifacts and systems that their teams actually use. Instead of relying on outdated spreadsheets or documents, linking out to the actual tools and platforms, such as Jira, allows for real-time updates and accurate snapshots of the roadmap. It is also beneficial to have templates and common structures for laying out the product development story, which can be customized based on the specific quarter or year. Additionally, becoming known for and excelling in a particular area can greatly accelerate a product manager's career. This reputation for excellence attracts more responsibility and opportunities for growth. In the case of Jiaona Zhang, her strong analytical background helped establish her reputation early on in her career.

    • The importance of execution and career evolution for success as a PM.Success as a PM requires not only strong execution skills, but also the ability to evolve in one's career, prioritize innovation, and adapt to changes for tangible impact.

      Being known for getting things done and working hard is crucial for success as a PM. Jiaona Zhang emphasized the importance of execution and the ability to manage complex projects and teams. By showcasing her skills in meeting launch deadlines and handling difficult tasks, she gained more responsibility and recognition. However, she also highlighted the need to evolve in one's career and not solely rely on execution as a core strength. As a PM, it's essential to be clear on the qualitative outcomes that define success and focus on the spirit of achieving goals rather than just meeting targets. It's important to prioritize innovation and swiftly adapt to changes to ensure both the company and users experience tangible impact.

    • Balancing Ambition and Strategy: The Importance of Culture, Clear Planning, and Leadership in Product ManagementProduct leaders should foster a culture of innovation and growth by encouraging risk-taking and providing support for ambitious goals, while also implementing a clear plan and demonstrating effective leadership.

      Product leaders should prioritize delivering great products to customers and not simply focus on OKRs for the sake of OKRs. It is essential to create a culture where taking risks and failing is not punished, as this encourages innovation and growth. However, it is also important for product managers to have a clear plan and milestones to achieve their ambitious goals. Dreaming big is encouraged, but it should be supported by a feasible roadmap. Building something safe and suboptimal wastes resources, whereas taking calculated swings at ambitious goals can lead to significant success. Overall, the story, roadmap, and effort put in by the team should be considered when evaluating a product manager's performance. Additionally, the conversation also highlights the importance of empathy and effective leadership in managing teams and dealing with challenges.

    • The Negative Effects of Over-Hiring and the Importance of Operational EfficiencyPrioritize meeting customer needs and maintaining operational efficiency over excessive expansion and technology-driven ambition.

      It is important to be mindful of hiring practices and not over-hire in order to avoid the difficult task of laying off employees. The conversation highlights the negative impact of over-hiring by discussing the experiences at WeWork and how it led to layoffs and a sense of responsibility for the person who brought in those employees. It emphasizes the need for companies to be clear about their hiring milestones and to prioritize operational efficiency over excessive expansion. The key lesson is to understand the core desires of customers and focus on delivering on those desires, rather than getting caught up in a technology-driven and overly ambitious approach.

    • The importance of empathy and prioritizing employee well-being in leadership decisionsIn leadership, it is crucial to consider the well-being of employees and prioritize their interests, especially when making decisions that may impact their job security or personal circumstances. Building context in a new role quickly is essential, particularly when facing time constraints like impending maternity leave.

      Leadership involves empathy and understanding the needs of both employees and the company. Jiaona Zhang faced a difficult decision when hiring someone on a visa and had to consider the potential impact of laying them off. She realized that as a pregnant woman, she would have more time and freedom to find a new role compared to someone on a visa. This experience highlighted the importance of considering the well-being of employees and making decisions that prioritize their interests. Additionally, Jiaona emphasized the significance of building context quickly in the first 90 days of a new role, especially when time is limited due to impending maternity leave. This involves proactively seeking conversations with various team members to understand the challenges they face.

    • Building Context and Creating a Plan for SuccessConnect with peers and various functions, have a plan in place, communicate clearly, involve the entire leadership team, and build trust for effective collaboration and decision-making.

      Building context quickly and creating a plan is crucial when joining a new team or taking a leave of absence. Jiaona Zhang emphasized the importance of connecting with peers and various functions within the organization to gather as much information as possible. It is not just about understanding your team, but also about gaining insights from different areas. Jiaona stressed the significance of having a plan in place before taking time off, ensuring that the team continues to move forward and address any gaps or issues that arise. Clear communication, assigning research tasks, and involving the entire leadership team and board were crucial for Jiaona in her first 90 days. Trust plays a vital role in this process, as it is the foundation for effective collaboration and decision-making.

    • The Importance of Trust for a Product ManagerBuilding trust with cross-functional partners and the CEO is crucial for effective product management. Avoid pushing for change without established trust, as it can lead to ineffective outcomes. Invest in understanding why people love a product for sustainable success.

      Trust is crucial for a product manager (PM) to be effective. Jiaona Zhang emphasizes the importance of gaining trust from cross-functional partners and the CEO before implementing changes. She acknowledges that she made mistakes in her first 90 days as a PM by pushing too hard for change without establishing trust. Jiaona compares trust to a bank, where building trust is like depositing money and using that trust to drive change is like withdrawing money. However, she warns against spending trust before it has been fully established, as it can lead to ineffective outcomes. Additionally, Jiaona shares a high-level learning from her experiences at different companies - understanding why people love a product and investing in that core concept is crucial for sustainable success.

    • The Importance of Investing in Core Strengths and Prioritizing ResourcesUnderstanding and leveraging a company's unique strengths and focusing resources on improving those areas can lead to exceptional products and experiences for users. Asking for help is also important for leaders to overcome challenges and make informed decisions.

      Understanding and doubling down on what makes a company special is crucial for success. Jiaona Zhang emphasized the importance of investing in the core strengths of a business rather than spreading resources thin across different areas. For Dropbox, focusing on performance and syncing speed was vital for improving the user experience. Similarly, Airbnb should prioritize ensuring the quality and reliability of their home listings rather than diversifying into unrelated ventures. WeWork should concentrate on perfecting inventory management instead of investing in unnecessary features. This lesson applies to many companies, including Webflow, where prioritizing the powerful design features and CMS brings the most value. By understanding why people love a company and leveraging that advantage, businesses can deliver exceptional products and experiences to their users. Asking for help is also crucial for leaders to overcome challenges and make informed decisions.

    • Embracing the Power of Asking for Help in Personal and Professional GrowthAsking for help is essential for continuous learning and improvement. Being open about what you don't know and seeking guidance leads to better outcomes and ensures personal and professional growth.

      Asking for help is crucial for personal and professional growth. Jiaona Zhang emphasizes the importance of seeking guidance and support from others, even when in a leadership or managerial role. She recognizes that not knowing everything is okay and that relying on others' expertise can lead to better outcomes. Whether it's seeking advice from partners, peers, or team members, Jiaona believes that being honest about what you don't know and actively asking for help is essential. She exemplifies this by discussing her experience in developing a product strategy and seeking assistance from AI experts and engineers. By embracing the value of asking for help, individuals can continuously learn, adapt, and improve in their roles and responsibilities.

    • Assessing a Product Manager's Ability to Navigate AmbiguityWhen interviewing for a Product Manager position, look for candidates who are skilled at providing structure, seek input, make data-driven decisions, and adapt processes based on specific challenges faced by the company.

      When interviewing candidates for a Product Manager (PM) job, it is important to ask behavioral questions that assess their ability to navigate ambiguity. Good answers are those that demonstrate the candidate's ability to provide structure and a way forward through ambiguity, rather than feeling overwhelmed by it. It is also important to look for candidates who seek help and input, rather than being overly confident in their own ideas. Additionally, it is valuable to see candidates who can identify milestones and make decisions based on whether their approach is working or not. In terms of product discovery, Jiaona Zhang mentions the SNOO and Midjourney as products she loves, emphasizing the importance of both functionality and creativity in product development. Finally, the conversation highlights the effectiveness of making small process tweaks based on the specific challenges faced by a company, such as conducting tech spikes to assess difficulty or involving cross-functional partners in kickoff meetings.

    • Making Webflow Easier: Enhancing User Experience and AccessibilityWebflow is dedicated to improving user experience by developing new tools and resources, integrating AI, and valuing user feedback to ensure user satisfaction and success.

      Webflow is continuously working to improve user experience and make the platform more accessible. Jiaona Zhang, a representative from Webflow, acknowledges that the learning curve for Webflow can be high due to its powerful features. However, she emphasizes that they are actively developing new tools and resources to make it easier for users to learn and utilize Webflow. They are bringing together the magic of Webflow University and AI to provide a more seamless and contextual learning experience within the product itself. Additionally, Jiaona encourages users to provide feedback and share their challenges to help refine their upcoming course on managing a PM career. Overall, Webflow is committed to enhancing user satisfaction and empowering them to be successful.

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    • Dylan Field live at Config: Intuition, simplicity, and the future of design: https://www.lennysnewsletter.com/p/dylan-field-live-at-config

    • An inside look at Figma’s unique GTM motion | Claire Butler (first GTM hire): https://www.lennysnewsletter.com/p/an-inside-look-at-figmas-unique-bottom

    • Inside Canva: Coaches not managers, giving away your Legos, and running profitably | Cameron Adams (co-founder and CPO): https://www.lennysnewsletter.com/p/inside-canva-with-cameron-adams

    • The Science-Business Mismatch That Puts Your Change at Risk: https://changemanagementreview.com/the-science-business-mismatch-that-puts-your-change-at-risk/

    • Daniel Pink on LinkedIn: https://www.linkedin.com/in/danielpink/

    • Trello: https://trello.com/

    • Cron: https://cronhq.notion.site/

    • The Double Diamond framework for design thinking: https://www.fluxspace.io/resources/the-4-ds-double-diamond-design-thinking-model

    • CORE Sciences - Tips on Priming Great Meetings PDF: https://www.dropbox.com/scl/fi/gm21cj0vi0bjosyu8kd69/CORE-Sciences-Tips-on-Priming-Great-Meetings.pdf?rlkey=6fznhv7bbsxm8nj8m4luej17t&st=2eduirad&dl=0

    • How to grow a subscription business | Yuriy Timen (Grammarly, Canva, Airtable): https://www.lennysnewsletter.com/p/transform-your-subscription-growth

    • Brené Brown’s website: https://brenebrown.com/

    • The CORE personality test: https://www.core-sciences.com/new-core-identity

    • Burning Man: https://burningman.org/

    • Stripe: https://stripe.com/

    • Jony Ive: https://en.wikipedia.org/wiki/Jony_Ive

    • Albert Einstein quote: https://www.goodreads.com/quotes/7133605-make-things-as-simple-as-possible-but-no-simpler

    • Elden Ring: https://en.bandainamcoent.eu/elden-ring/elden-ring

    • Abilene paradox: https://en.wikipedia.org/wiki/Abilene_paradox

    The Challenger Sale: Taking Control of the Customer Conversation: https://www.amazon.com/Challenger-Sale-Control-Customer-Conversation/dp/1591844355

    • The surprising truth about what closes deals: Insights from 2.5m sales conversations | Matt Dixon (author of The Challenger Sale and The JOLT Effect): https://www.lennysnewsletter.com/p/close-more-deals-matt-dixon

    • Siqi Chan on X: https://x.com/blader

    • Runway: https://runway.com/

    • Shreyas Doshi on pre-mortems, the LNO framework, the three levels of product work, why most execution problems are strategy problems, and ROI vs. opportunity cost thinking: https://www.lennysnewsletter.com/p/episode-3-shreyas-doshi

    • Wolfgang Puck’s website: https://wolfgangpuck.com/

    • Steven Spielberg on X: https://x.com/sspielberg93

    • John Williams’s website: https://www.johnwilliams.org/

    • The paths to power: How to grow your influence and advance your career | Jeffrey Pfeffer (author of 7 Rules of Power, professor at Stanford GSB): https://www.lennysnewsletter.com/p/the-paths-to-power-jeffrey-pfeffer

    • Warby Parker: https://www.warbyparker.com/

    • Simon Sinek’s website: https://simonsinek.com/

    • What is the function of the various brainwaves?: https://www.scientificamerican.com/article/what-is-the-function-of-t-1997-12-22/

    • CORE Sciences - Your Brain's 9 Modes PDF: https://www.dropbox.com/scl/fi/figg8upeaawir1hnxv0ew/CORE-Sciences-Your-Brain-s-9-Modes.pdf?rlkey=u3zaonxvycvupurq6pwysckfq&st=os06xjnr&dl=0

    Never Split the Difference: Negotiating As If Your Life Depended On It: Unlock Your Persuasion Potential in Professional and Personal Life: https://www.amazon.com/Never-Split-Difference-Negotiating-Depended/dp/0062407805

    The Person and the Situation: Perspectives of Social Psychology: https://www.amazon.com/Person-Situation-Perspectives-Social-Psychology/dp/1905177445

    Cambridge Fundamentals of Neuroscience in Psychology: https://www.amazon.com/Cambridge-Fundamentals-Neuroscience-Psychology/dp/B08QYNDNYX

    • Robert Greene’s books on Amazon: https://www.amazon.com/stores/Robert-Greene/author/B001IGV3IS

    Misbehaving: The Making of Behavioral Economics: https://www.amazon.com/Misbehaving-Behavioral-Economics-Richard-Thaler/dp/039335279X

    • Beehiiv: https://www.beehiiv.com/

    Production and marketing by https://penname.co/. For inquiries about sponsoring the podcast, email podcast@lennyrachitsky.com.

    Lenny may be an investor in the companies discussed.



    Get full access to Lenny's Newsletter at www.lennysnewsletter.com/subscribe

    How embracing your emotions will accelerate your career | Joe Hudson (executive coach, Art of Accomplishment)

    How embracing your emotions will accelerate your career | Joe Hudson (executive coach, Art of Accomplishment)

    Joe Hudson is one of the most sought-after executive coaches in Silicon Valley. He is the founder of Art of Accomplishment, a transformational coaching program that has helped tens of thousands of people, including many tech executives and founders from companies like Apple, OpenAI, and Google. His unique method of transformation comes from over 25 years of exploring neurological, psychological, and spiritual traditions, tested against real-world challenges. In our conversation, Joe shares:

    • Why the critical voice in your head is always wrong, and how to change your relationship with that voice

    • Why authenticity trumps self-improvement

    • The importance of embracing all of your emotions

    • How to create more enjoyable and effective meetings

    • The power of gratitude in transforming your life

    • Practical experiments for personal growth

    • Much more

    Apply for Joe’s Connection Course:

    Thousands of students have taken Joe’s most popular experience, the Connection Course. Unlike most online courses, there is no reading, lectures, or written homework. It is a three-week experiential deep dive where you will apply your learnings to real-life problems—how to make your team more productive, communicate more effectively, and resolve conflicts with ease. Apply here and use the code LENNY for $300 off your enrollment: view.life/lenny.

    Brought to you by:

    BuildBetter—AI for product teams

    WorkOS—Modern identity platform for B2B SaaS, free up to 1 million MAUs

    Coda—The all-in-one collaborative workspace

    Find the transcript and references at: https://www.lennysnewsletter.com/p/embracing-your-emotions-joe-hudson

    Where to find Joe Hudson:

    • X: https://x.com/FU_joehudson

    • LinkedIn: https://www.linkedin.com/in/joe-hudson/

    • Website: https://www.artofaccomplishment.com/

    • Podcast: https://www.artofaccomplishment.com/podcast

    • Linktree: https://linktr.ee/theartofaccomplishment

    Where to find Lenny:

    • Newsletter: https://www.lennysnewsletter.com

    • X: https://twitter.com/lennysan

    • LinkedIn: https://www.linkedin.com/in/lennyrachitsky/

    In this episode, we cover:

    (00:00) Joe’s background

    (02:31) The critical voice in your head

    (06:39) Changing your relationship with the critical voice

    (13:19) Understanding and embracing emotions

    (19:52) The importance of emotional fluidity

    (24:40) Questioning assumptions and self-perception

    (30:25) The consequences of avoiding emotions

    (36:57) Experimenting with self-improvement

    (39:42) Understanding efficiency and enjoyment

    (43:17) The power of enjoyment in daily tasks

    (45:03) Innate enjoyment vs. learned enjoyment

    (46:31) Authenticity vs. self-improvement

    (50:01) Embracing emotional experiences

    (55:49) How understanding your emotions helps you make better decisions

    (01:02:53) Creating effective teams and meetings

    (01:10:40) Gratitude practice for personal growth

    (01:15:36) Conclusion and final thoughts

    Referenced:

    Descartes’ Error: Emotion, Reason, and the Human Brain: https://www.amazon.com/Descartes-Error-Emotion-Reason-Human/dp/014303622X/

    • Joe’s quote about joy: https://x.com/FU_joehudson/status/1756837774743790030

    • “Emotional Inquiry”: https://www.artofaccomplishment.com/podcast/emotional-inquiry

    Inside Out 2: https://movies.disney.com/inside-out-2

    • “Question the Assumption”: https://www.artofaccomplishment.com/podcast/question-the-assumption

    • Bodega Bay: https://www.bodegabay.com/

    • Elon Musk reveals the interview question he asks every candidate to instantly spot a liar: https://www.good.is/elon-musk-reveals-the-one-job-interview-question-he-asks-every-candidate-to-instantly-spot-a-liar

    • Great Decisions course: https://www.artofaccomplishment.com/course/great-decisions-course

    • HBR Analytic Services: https://hbr.org/hbr-analytic-services

    • Connection Course: https://www.artofaccomplishment.com/course/the-connection-course

    Production and marketing by https://penname.co/. For inquiries about sponsoring the podcast, email podcast@lennyrachitsky.com.

    Lenny may be an investor in the companies discussed.



    Get full access to Lenny's Newsletter at www.lennysnewsletter.com/subscribe

    Lessons from scaling Uber and Opendoor | Brian Tolkin (Head of Product at Opendoor, ex-Uber)

    Lessons from scaling Uber and Opendoor | Brian Tolkin (Head of Product at Opendoor, ex-Uber)

    Brian Tolkin is the Head of Product at Opendoor. Previously, he was one of the early employees at Uber, where he was instrumental in launching and growing UberPool, UberHop, and UberExpress and started one of the first product operations teams in tech. In our conversation, we dive into:

    • How to enable product and ops to work well together

    • How to run great product reviews

    • How to make good decisions with limited data

    • How he uses the jobs-to-be-done framework at Opendoor

    • How to stay calm under pressure as a leader

    • Wild stories from his time at Uber

    • Challenges faced at Opendoor during the pandemic

    • Much more

    Brought to you by:

    Pendo—The only all-in-one product experience platform for any type of application

    Explo—Embed customer-facing analytics in your product

    Attio—The powerful, flexible CRM for fast-growing startups

    Find the transcript and references at: https://www.lennysnewsletter.com/p/scaling-uber-and-opendoor-brian-tolkin

    Where to find Brian Tolkin:

    • X: https://x.com/briantolkin

    • LinkedIn: https://www.linkedin.com/in/briantolkin/

    Where to find Lenny:

    • Newsletter: https://www.lennysnewsletter.com

    • X: https://twitter.com/lennysan

    • LinkedIn: https://www.linkedin.com/in/lennyrachitsky/

    In this episode, we cover:

    (00:00) Brian’s background

    (02:14) Career beginnings at Uber

    (02:49) Transitioning from product operations to product management

    (06:47) Product and operations synergy

    (10:00) Surge pricing at Uber

    (12:18) Scaling challenges, and stories

    (15:47) Opendoor and Covid adaptations

    (25:38) Product reviews and Jobs to Be Done

    (40:30) The challenges of A/B testing

    (42:23) Increasing conviction in solutions

    (44:33) Leveraging intuition in product decisions

    (47:07) Partnering with Zillow

    (52:55) Staying calm under pressure

    (56:25) Finding the “kernel of truth” in product management

    (01:00:21) Failure corner: Early days of Uber Pool

    (01:06:11) Lightning round and final thoughts

    Referenced:

    • Twitter’s former Head of Product opens up: being fired, meeting Elon, changing stagnant culture, building consumer product, more | Kayvon Beykpour: https://www.lennysnewsletter.com/p/twitters-former-head-of-product-kayvon-beykpour

    • Opendoor: https://sell.opendoor.com/

    • How to sell your ideas and rise within your company | Casey Winters, Eventbrite: https://www.lennysnewsletter.com/p/how-to-sell-your-ideas-and-rise-within

    • Thinking beyond frameworks | Casey Winters (Pinterest, Eventbrite, Airbnb, Tinder, Canva, Reddit, Grubhub): https://www.lennysnewsletter.com/p/thinking-beyond-frameworks-casey

    • Zigging vs. zagging: How HubSpot built a $30B company | Dharmesh Shah (co-founder/CTO): https://www.lennysnewsletter.com/p/lessons-from-30-years-of-building

    • FlashTags: A Simple Hack for Conveying Context Without Confusion: https://www.onstartups.com/flashtags-a-simple-hack-for-conveying-context-without-confusion

    • Jobs to Be Done Theory: https://www.christenseninstitute.org/theory/jobs-to-be-done

    • The ultimate guide to JTBD | Bob Moesta (co-creator of the framework): https://www.lennyspodcast.com/the-ultimate-guide-to-jtbd-bob-moesta-co-creator-of-the-framework/

    • Zillow: https://www.zillow.com/

    • Zillow, Opendoor announce multi-year partnership: https://investor.opendoor.com/news-releases/news-release-details/zillow-opendoor-announce-multi-year-partnership

    • Building product at Stripe: craft, metrics, and customer obsession | Jeff Weinstein (Product lead): https://www.lennysnewsletter.com/p/building-product-at-stripe-jeff-weinstein

    • Stripe Atlas: https://stripe.com/atlas

    Founders podcast: https://www.founderspodcast.com/

    • Uber will deliver ice cream to you today: https://www.dispatch.com/story/lifestyle/food/2016/07/13/uber-will-deliver-ice-cream/24201840007/

    • UberKittens: https://www.uber.com/newsroom/uberkittens/

    • UberPuppies: https://www.uber.com/blog/uberpuppies-want-to-play/

    Shoe Dog: A Memoir by the Creator of Nike: https://www.amazon.com/Shoe-Dog-Memoir-Creator-NIKE/dp/1471146723

    The Black Swan: The Impact of the Highly Improbable: https://www.amazon.com/Black-Swan-Impact-Improbable-Incerto/dp/1400063515

    The Design of Everyday Things: https://www.amazon.com/dp/0465050654

    Shantaram: https://www.amazon.com/Shantaram-SHANTARAM-Paperback-GregoryDavidRoberts/dp/B00QPVJESC

    Full Swing on Netflix: https://www.netflix.com/title/81483353

    Formula 1: Drive to Survive on Netflix: https://www.netflix.com/title/80204890

    Break Point on Netflix: https://www.netflix.com/title/81569920

    Air on Prime Video: https://www.amazon.com/AIR-Matt-Damon/dp/B0B8Q3JMCG

    • Fi smart dog collar: https://tryfi.com/

    • Particle: https://particlenews.ai/

    • Sara Beykpour on LinkedIn: https://www.linkedin.com/in/sarabeykpour/

    • A new-parent gift guide for product managers: https://www.lennysnewsletter.com/p/a-new-parent-gift-guide-for-product

    • Jeff Holden on LinkedIn: https://www.linkedin.com/in/jeffholden/

    • Travis Kalanick on X: https://x.com/travisk

    Production and marketing by https://penname.co/. For inquiries about sponsoring the podcast, email podcast@lennyrachitsky.com.

    Lenny may be an investor in the companies discussed.



    Get full access to Lenny's Newsletter at www.lennysnewsletter.com/subscribe

    The ultimate guide to performance marketing | Timothy Davis (Shopify)

    The ultimate guide to performance marketing | Timothy Davis (Shopify)

    Timothy Davis has led performance marketing for all of Shopify for the past 2.5 years, and as a consultant has helped companies like Pinterest, LinkedIn, Redfin, and Eventbrite kickstart and scale their performance marketing teams. In every one of those cases, he got them so performant at paid growth that they significantly scale spend and investment in these channels. In our conversation, we cover:

    • When and how to start investing in performance marketing

    • Common mistakes companies make with paid ads

    • How to build and structure a performance marketing team

    • How to get your creatives performing better

    • Strategies for optimizing workflows and team efficiency

    • How AI will change performance marketing

    • Much more

    Brought to you by:

    BuildBetter—AI for product teams

    OneSchema—Import CSV data 10x faster

    Eppo—Run reliable, impactful experiments

    Find the transcript and references at: https://www.lennysnewsletter.com/p/performance-marketing-timothy-davis

    Where to find Timothy Davis:

    • LinkedIn: https://www.linkedin.com/in/timothypatrickdavis/

    Where to find Lenny:

    • Newsletter: https://www.lennysnewsletter.com

    • X: https://twitter.com/lennysan

    • LinkedIn: https://www.linkedin.com/in/lennyrachitsky/

    In this episode, we cover:

    (00:00) Timothy’s background 

    (02:31) Understanding performance marketing 

    (06:31) The importance of paid search 

    (08:39) Identifying growth potential 

    (09:54) Case studies: Hairstory and Ipsy 

    (12:22) Experimenting with new platforms 

    (18:57) Choosing the right platforms 

    (20:23) LinkedIn for B2B marketing 

    (27:56) When to start investing in paid growth 

    (33:33) Common mistakes in performance marketing 

    (37:41) Working with agencies and consultants 

    (40:36) Hiring for performance marketing 

    (47:33) Metrics that matter 

    (54:43) Competitor analysis and CPC insights 

    (56:15) Custom reports and data visualization

    (56:38) Understanding impression and click share 

    (59:10) True competition metrics 

    (01:02:14) Attribution and incrementality 

    (01:08:52) Building a performance marketing team 

    (01:10:53) Creative and ad copy collaboration 

    (01:15:48) Managing workload and hiring strategy 

    (01:20:52) Training and onboarding new hires 

    (01:24:41) Impact of ATT on performance marketing 

    (01:25:56) The power of creative in ads 

    (01:29:47) Using AI in performance marketing 

    (01:37:16) Lightning round 

    Referenced:

    • Shopify: https://www.shopify.com/

    • What Is Performance Marketing?: https://www.shopify.com/blog/performance-marketing

    • Google AI: https://ai.google/

    • Pinterest: https://www.pinterest.com/

    • Eventbrite: https://www.eventbrite.com/

    • Booking.com: https://www.booking.com/

    • Credit Karma: https://www.creditkarma.com/

    • Hairstory: https://hairstory.com/

    • Google Display Network: https://www.semrush.com/blog/google-display-network/

    • SoftLayer Becomes Part of IBM’s SmartCloud: https://www.datacenterknowledge.com/deals/softlayer-becomes-part-of-ibm-s-smartcloud

    • Coca-Cola Freestyle: https://www.coca-colafreestyle.com/

    • Monday.com: https://monday.com/

    • How to sell your ideas and rise within your company | Casey Winters, Eventbrite: https://www.lennysnewsletter.com/p/how-to-sell-your-ideas-and-rise-within

    • Thinking beyond frameworks | Casey Winters (Pinterest, Eventbrite, Airbnb, Tinder, Canva, Reddit, Grubhub): https://www.lennysnewsletter.com/p/thinking-beyond-frameworks-casey

    The Signal and the Noise: Why So Many Predictions Fail—But Some Don’t: https://www.amazon.com/Signal-Noise-Many-Predictions-Fail-but/dp/0143125087

    • Courtney Wenneborg on LinkedIn: https://www.linkedin.com/in/cwenneborg/

    • PPC Hero: https://www.ppchero.com/

    • Another Deep Dive into Auction Insights, by Jacob Brown: https://www.ppchero.com/another-deep-dive-into-auction-insights/

    •Multitouch: https://multitouch.app/

    • What is time decay attribution?: https://growthmethod.com/what-is-time-decay-attribution/

    • Linear: https://linear.app/

    • Consumer Heterogeneity and Paid Search Effectiveness: A Large-Scale Field Experiment: https://faculty.haas.berkeley.edu/stadelis/BNT_ECMA_rev.pdf

    • ADT: https://www.adt.com/

    • Shopify Bursts: https://focus.business/blog/shopify-bursts/

    The First 90 Days: Proven Strategies for Getting Up to Speed Faster and Smarter: https://www.amazon.com/First-90-Days-Strategies-Expanded/dp/1422188612

    • Kat Nguyen on Shopify: https://www.linkedin.com/in/katngy/

    • Dollar Shave Club ad: https://www.youtube.com/watch?v=ZUG9qYTJMsI

    The Daily Stoic: 366 Meditations on Wisdom, Perseverance, and the Art of Living: https://www.amazon.com/Daily-Stoic-Meditations-Wisdom-Perseverance/dp/0735211736

    Great by Choice: Uncertainty, Chaos, and Luck—Why Some Thrive Despite Them All: https://www.amazon.com/Great-Choice-Uncertainty-Luck-Why-Despite/dp/0062120999

    X-Men ’97 on Disney+: https://www.disneyplus.com/series/x-men-97/vc1XIz90ZNH5

    RRR on Netflix: https://www.netflix.com/title/81476453

    The Playlist on Netflix: https://www.netflix.com/title/81186296

    Welcome to Wrexham on Hulu: https://www.hulu.com/series/welcome-to-wrexham-c6906d50-d06c-40d1-a57c-1885d9dc2fef

    The Billion Dollar Code on Netflix: https://www.netflix.com/title/81074012

    • Magic Mind: https://magicmind.com/

    Production and marketing by https://penname.co/. For inquiries about sponsoring the podcast, email podcast@lennyrachitsky.com.

    Lenny may be an investor in the companies discussed.



    Get full access to Lenny's Newsletter at www.lennysnewsletter.com/subscribe

    5 essential questions to craft a winning strategy | Roger Martin (author, advisor, speaker)

    5 essential questions to craft a winning strategy | Roger Martin (author, advisor, speaker)

    Roger Martin is one of the world’s leading experts on strategy and the author of Playing to Win, one of the most beloved books on strategy. He’s written extensively for the Harvard Business Review; consulted for dozens of Fortune 500 companies, including P&G, Lego, and Ford; and written 11 other books. In our conversation, we discuss:

    • The five key questions you need to answer to develop an effective strategy

    • Why most companies get strategy wrong

    • How to avoid “playing to play” instead of playing to win

    • Real-world strategy examples from Procter & Gamble, Southwest Airlines, Lego, and Figma

    • How to think about differentiation vs. low cost

    • Shortcomings of current strategy education

    • Much more

    Brought to you by:

    Webflow—The web experience platform

    WorkOS—Modern identity platform for B2B SaaS, free up to 1 million MAUs

    Cycle—Your feedback hub, on autopilot

    Find the transcript at: https://www.lennysnewsletter.com/p/the-ultimate-guide-to-strategy-roger-martin

    Where to find Roger Martin:

    • X: https://x.com/RogerLMartin

    • LinkedIn: https://www.linkedin.com/in/roger-martin-9916911a9/

    • Website: https://rogerlmartin.com/

    Where to find Lenny:

    • Newsletter: https://www.lennysnewsletter.com

    • X: https://twitter.com/lennysan

    • LinkedIn: https://www.linkedin.com/in/lennyrachitsky/

    In this episode, we cover:

    (00:00) Roger’s background

    (02:20) The importance of strategy

    (07:00) Challenges in developing strategy

    (08:30) Critique of modern strategy education

    (14:00) Hamilton Helmer and Richard Rumelt

    (17:40) Defining strategy

    (19:12) The Strategy Choice Cascade

    (23:20) Playing to win vs. playing to play

    (24:57) Examples of strategic success

    (30:49) Differentiation and moats

    (40:23) Applying strategy to real-world scenarios

    (43:47) Customer-centric strategy

    (44:45) Defining the market and product

    (45:59) Value chain and distribution

    (48:28) Cost leadership vs. differentiation

    (53:16) Capabilities and management systems

    (57:14) Competitive advantage and market positioning

    (01:02:41) Counterpositioning and fault lines

    (01:05:53) Adapting to AI and market changes

    (01:14:11) Betterment over perfection

    (01:18:42) Final thoughts on strategy

    Referenced:

    • Nearly 10% of S&P 500 CEOs are alumni of Procter & Gamble: https://www.bizjournals.com/cincinnati/news/2023/02/06/10-of-s-p-500-ceos-pg.html

    • FigJam: https://www.figma.com/figjam/

    • Figma: https://www.figma.com/

    • What Is Resource-Based Theory?: https://www.igi-global.com/dictionary/the-impact-of-technological-governance-and-political-capabilities-on-firms-performances-under-economic-turbulence/67915

    • Michael Porter on LinkedIn: https://www.linkedin.com/in/professorporter/

    Competitive Strategy: Techniques for Analyzing Industries and Competitors: https://www.amazon.com/Competitive-Strategy-Techniques-Industries-Competitors/dp/0684841487

    • VRIO Framework Explained: https://strategicmanagementinsight.com/tools/vrio/

    • Business strategy with Hamilton Helmer (author of 7 Powers): https://www.lennysnewsletter.com/p/business-strategy-with-hamilton-helmer

    • Good Strategy, Bad Strategy | Richard Rumelt: https://www.lennysnewsletter.com/p/good-strategy-bad-strategy-richard

    7 Powers: The Foundations of Business Strategy: https://www.amazon.com/7-Powers-Foundations-Business-Strategy/dp/0998116319

    • Boston Consulting Group: https://www.bcg.com/

    • Bruce Henderson: https://en.wikipedia.org/wiki/Bruce_Henderson

    • Lego: https://www.lego.com

    • Vanguard: https://investor.vanguard.com/

    • Southwest Airlines: https://www.southwest.com/

    • How Amazon Managed to Dethrone Walmart: https://www.nytimes.com/interactive/2021/08/20/technology/how-amazon-beat-walmart.html

    • GM Lost a 10-Year Battle with Tesla, Pulling the Plug on a Long Line of EVs: https://www.forbes.com/sites/brookecrothers/2023/07/09/gm-killed-its-electric-cars-and-lost-a-10-year-battle-with-tesla/

    • Westlaw: https://www.westlawinternational.com/

    • What Is an Economic Moat? Why Warren Buffett Says It Matters for Investors: https://finance.yahoo.com/news/economic-moat-why-warren-buffett-160046125.html

    • Salomon Brothers: https://en.wikipedia.org/wiki/Salomon_Brothers

    • US Airways: https://en.wikipedia.org/wiki/US_Airways

    • Four Seasons: https://www.fourseasons.com/

    • Michael Dell on LinkedIn: https://www.linkedin.com/in/mdell/

    • Bill Gates on LinkedIn: https://www.linkedin.com/in/williamhgates/

    • Mandarin Oriental: https://www.mandarinoriental.com/en/

    • Continental Lite: https://en.wikipedia.org/wiki/Continental_Lite

    • Ted (airline): https://en.wikipedia.org/wiki/Ted_(airline)

    • Case Study: Oil of Olay: https://www.studocu.com/es/document/universidad-de-murcia/estrategia-de-marketing/case-study-old-of-olay/95079369

    • AG Lafley on LinkedIn: https://www.linkedin.com/in/ag-lafley-2381b3201/

    • Jack Bogle: https://en.wikipedia.org/wiki/John_C._Bogle

    • Seven Ways Windows 95 Changed the World: https://www.forbes.com/sites/ianmorris/2015/08/24/windows-95-changed-the-world/

    • Where to Start with Strategy? Focus on Betterment: https://rogermartin.medium.com/where-to-start-with-strategy-bae40506304c

    • Brick by brick: The man who rebuilt the house of Lego shares his leadership secrets: https://www.washingtonpost.com/news/on-leadership/wp/2016/12/08/brick-by-brick-the-man-who-rebuilt-the-house-of-lego-shares-his-leadership-secrets/

    A New Way to Think: Your Guide to Superior Management Effectiveness: https://www.amazon.com/New-Way-Think-Management-Effectiveness/dp/164782351X/

    Playing to Win: How Strategy Really Works: https://www.amazon.com/Playing-Win-Strategy-Really-Works/dp/142218739X

    The Design of Business: Why Design Thinking Is the Next Competitive Advantage: https://www.amazon.com/Design-Business-Thinking-Competitive-Advantage/dp/1422177807

    The Opposable Mind: How Successful Leaders Win Through Integrative Thinking: https://www.amazon.com/Opposable-Mind-Successful-Integrative-Thinking/dp/1422118924

    When More Is Not Better: Overcoming America’s Obsession with Economic Efficiency: https://www.amazon.com/When-More-Not-Better-Overcoming/dp/1647820065

    Production and marketing by https://penname.co/. For inquiries about sponsoring the podcast, email podcast@lennyrachitsky.com.

    Lenny may be an investor in the companies discussed.



    Get full access to Lenny's Newsletter at www.lennysnewsletter.com/subscribe

    What most people miss about marketing | Rory Sutherland (Vice Chairman of Ogilvy UK, author)

    What most people miss about marketing | Rory Sutherland (Vice Chairman of Ogilvy UK, author)

    Rory Sutherland is widely regarded as one of the most influential (and most entertaining) thinkers in marketing and behavioral science. He’s the vice chairman of Ogilvy UK, the author of Alchemy: The Dark Art and Curious Science of Creating Magic in Brands, Business, and Life, and the founder of Nudgestock, the world’s biggest festival of behavioral science and creativity. He champions thinking from first principles and using human psychology—what he calls “thinking psycho-logically”—over mere logic. In our conversation, we cover:

    • Why good products don’t always succeed, and bad ones don’t necessarily fail

    • Why less functionality can sometimes be more valuable

    • The importance of fame in building successful brands

    • The importance of timing in product success

    • The concept of “most advanced, yet acceptable”

    • Why metrics-driven workplaces can be demotivating

    • Lots of real-world case studies

    • Much more

    Note: We encountered some technical difficulties that led to less than ideal video quality for this episode, but the lessons from this conversation made it impossible for me to not publish it anyway. Thanks for your understanding and for bearing with the less-than-ideal video quality. 

    Brought to you by:

    Pendo—The only all-in-one product experience platform for any type of application

    Cycle—Your feedback hub, on autopilot

    Coda—The all-in-one collaborative workspace

    Find the transcript at: https://www.lennysnewsletter.com/p/what-most-people-miss-about-marketing

    Where to find Rory Sutherland:

    • X: https://x.com/rorysutherland

    • LinkedIn: https://www.linkedin.com/in/rorysutherland

    • Book: Alchemy: The Dark Art and Curious Science of Creating Magic in Brands, Business, and Life: https://www.amazon.com/Alchemy-Curious-Science-Creating-Business/dp/006238841X

    Where to find Lenny:

    • Newsletter: https://www.lennysnewsletter.com

    • X: https://twitter.com/lennysan

    • LinkedIn: https://www.linkedin.com/in/lennyrachitsky/

    In this episode, we cover:

    (00:00) Rory’s background

    (02:37) The success and failure of products

    (04:08) Why the urge to appear serious can be a disaster in marketing

    (08:05) The role of distinctiveness in product design

    (12:29) The MAYA principle

    (15:50) How thinking irrationally can be advantageous

    (17:40) The fault of multiple-choice tests

    (21:31) Companies that have successfully implemented out-of-the-box thinking

    (30:31) “Psycho-logical” thinking

    (31:45) The hare and the dog metaphor

    (38:51) Marketing’s crucial role in product adoption

    (49:21) The quirks of Google Glass

    (55:44) Survivorship bias

    (56:09) Balancing rational ideas with irrational ideas

    (01:06:19) The rise and fall of tech innovations

    (01:09:54) Consistency, distinctiveness, and clarity

    (01:21:12) Considering psychological, technological, and economic factors in parallel

    (01:23:35) Where to find Rory

    Referenced:

    • Google Glass: https://en.wikipedia.org/wiki/Google_Glass

    • Meta Portal TV: https://www.meta.com/portal/products/portal-tv/

    • Rory’s quote in a LinkedIn post: https://www.linkedin.com/posts/brad-jackson-04766642_the-urge-to-appear-serious-is-a-disaster-activity-7093497742710210560-1LYN/

    • The MAYA Principle: Design for the Future, but Balance It with Your Users’ Present: https://www.interaction-design.org/literature/article/design-for-the-future-but-balance-it-with-your-users-present

    • Ogilvy: https://www.ogilvy.com/

    • MCI: https://www.mci.world/

    • Veuve Clicquot: https://en.wikipedia.org/wiki/Veuve_Clicquot

    • Why do the French call the British ‘the roast beefs’?: http://news.bbc.co.uk/2/hi/2913151.stm

    The Killing on Hulu: https://www.hulu.com/series/the-killing-f5da5c2d-4626-4ba9-bcf3-ff5f891771fb

    • Original The Killing on BBC: https://www.bbc.co.uk/programmes/b017h7m1

    • The Mandarin Oriental, Hong Kong: https://www.mandarinoriental.com/en/hong-kong/victoria-harbour

    • SAT: https://satsuite.collegeboard.org/sat

    • The Widening Racial Scoring Gap on the SAT College Admissions Test: https://www.jbhe.com/features/49_college_admissions-test.html

    • What is the age of the captain?: https://www.icopilots.com/what-is-the-age-of-the-captain/

    • Octopus Energy: https://octopus.energy/

    • Kraken: https://octopusenergy.group/kraken-technologies

    • Toby Shannan: https://theorg.com/org/shopify/org-chart/toby-shannan

    • Dunbar’s number: Why we can only maintain 150 relationships: https://www.bbc.com/future/article/20191001-dunbars-number-why-we-can-only-maintain-150-relationships

    • AO: https://ao.com/

    • Zappos: https://www.zappos.com/

    • Joe Cano on LinkedIn: https://www.linkedin.com/in/joeycano/

    • John Ralston Saul’s website: https://www.johnralstonsaul.com/

    Voltaire’s Bastards: The Dictatorship of Reason in the West: https://www.amazon.com/Voltaires-Bastards-Dictatorship-Reason-West/dp/0679748199

    • Psycho-Logic: Why Too Much Logic Deters Magic: https://coffeeandjunk.com/psycho-logic/

    • Herbert Simon’s Decision-Making Approach: https://bura.brunel.ac.uk/bitstream/2438/4995/1/Fulltext.pdf

    • Robert Trivers’s website: https://roberttrivers.com/Welcome.html

    • Crazy Ivan: https://jollycontrarian.com/index.php?title=Crazy_Ivan

    • The Joys of Being a Late Tech Adopter: https://www.nytimes.com/2019/08/28/technology/personaltech/joys-late-tech-adopter.html

    • Jean-Claude Van Damme: https://en.wikipedia.org/wiki/Jean-Claude_Van_Damme

    • Tim Berners-Lee: https://en.wikipedia.org/wiki/Tim_Berners-Lee

    • Edward Jenner and the history of smallpox and vaccination: https://www.ncbi.nlm.nih.gov/pmc/articles/PMC1200696/

    • The real story behind penicillin: https://www.pbs.org/newshour/health/the-real-story-behind-the-worlds-first-antibiotic

    • What Are Japanese Toilets?: https://www.bigbathroomshop.co.uk/info/blog/japanese-toilets/

    • reMarkable: https://remarkable.com/

    • Chumby: https://en.wikipedia.org/wiki/Chumby

    • Survivorship bias: https://en.wikipedia.org/wiki/Survivorship_bias

    • Jony Ive: https://en.wikipedia.org/wiki/Jony_Ive

    • Marc Newson’s website: https://marc-newson.com/

    • Designing Men: https://www.vanityfair.com/news/business/2013/11/jony-ive-marc-newson-design-auction

    • Qantas A330: https://marc-newson.com/qantas-a330/

    • Herodotus: https://en.wikipedia.org/wiki/Herodotus

    • Big Decision? Consider It Both Drunk and Sober: https://www.forbes.com/sites/chunkamui/2016/03/22/wine-and-sleep-make-for-better-decisions/?sh=5c97fdc524b1

    • How Henry Ford and Thomas Edison killed the electric car: https://www.speakev.com/threads/how-henry-ford-and-thomas-edison-killed-the-electric-car.4270/

    • Watch Jay Leno get nostalgic and swoon over this 1909 EV: https://thenextweb.com/news/jay-leno-talk-about-electric-car-1909-baker

    Jay Leno’s Garage: https://www.youtube.com/@jaylenosgarage

    • Nudgestock: https://nudgestock.com/

    • Akio Morita: https://en.wikipedia.org/wiki/Akio_Morita

    • Don Norman on LinkedIn: https://www.linkedin.com/in/donnorman/

    • What Makes Tesla’s Business Model Different: https://www.investopedia.com/articles/active-trading/072115/what-makes-teslas-business-model-different.asp

    • Monica Lewinsky on X: https://x.com/MonicaLewinsky

    Blindsight: The (Mostly) Hidden Ways Marketing Reshapes Our Brains: azon.com/Blindsight-Mostly-Hidden-Marketing-Reshapes-ebook/dp/B07ZKZ5DWF

    Branding That Means Business: https://www.amazon.com/Branding-that-Means-Business-Economist-ebook/dp/B09QBCCH9N

    • PwC: https://www.pwc.com

    • Ryanair: https://www.ryanair.com

    • British Airways: https://www.britishairways.com/

    • Wrigley’s began as a soap business: know when to pivot: https://theamericangenius.com/entrepreneur/wrigleys-began-as-soap-know-when-to-pivot/

    Transport for Humans: https://www.amazon.com/Transport-Humans-Perspectives-Pete-Dyson/dp/1913019357

    Production and marketing by https://penname.co/. For inquiries about sponsoring the podcast, email podcast@lennyrachitsky.com.

    Lenny may be an investor in the companies discussed.



    Get full access to Lenny's Newsletter at www.lennysnewsletter.com/subscribe

    Related Episodes

    Building high-performing teams | Melissa Tan (Webflow, Dropbox, Canva)

    Building high-performing teams | Melissa Tan (Webflow, Dropbox, Canva)

    Brought to you by AssemblyAI—Production-ready AI models to transcribe and understand speech | Mixpanel—Product analytics that everyone can trust, use, and afford | Eppo—Run reliable, impactful experiments

    Melissa Tan is an advisor, investor, and growth expert. She’s worked with fast-growing startups like Dropbox, Canva, Grammarly, and Miro, and for the past 2.5 years has been the Head of Growth at Webflow. There, she led the company's self-service business across Product, Marketing, and Growth, in addition to leading the charge on pricing and packaging. Prior to Webflow, she was Head of Growth for Dropbox’s B2B product, where she played a pivotal role in propelling their growth. In today’s episode, we discuss:

    • Attributes of high-performing teams

    • Tips for developing talent and seeking a mentor

    • How to create a strong culture of ownership

    • Frameworks for hiring PM and growth talent

    • Common pitfalls companies face when implementing growth strategies

    • Lessons from scaling Dropbox

    • The DACI framework for increasing team velocity

    • How to actually embrace first-principles thinking

    Find the full transcript at: https://www.lennyspodcast.com/building-high-performing-teams-melissa-tan-webflow-dropbox-canva/#transcript

    Where to find Melissa Tan:

    • Twitter: https://twitter.com/melissamtan

    • LinkedIn: https://www.linkedin.com/in/melissamtan/

    Where to find Lenny:

    • Newsletter: https://www.lennysnewsletter.com

    • Twitter: https://twitter.com/lennysan

    • LinkedIn: https://www.linkedin.com/in/lennyrachitsky/

    In this episode, we cover:

    (00:00) Melissa’s background

    (04:12) What’s next for Melissa

    (06:45) Lessons learned from Dropbox

    (11:49) When to add sales to product-led products and vice versa

    (14:28) Managing people with a people-focused and results-oriented approach

    (17:14) An example of people-focused leadership

    (20:26) The importance of talent development and why Melissa invests in it

    (22:26) Tips for finding a mentor

    (24:58) Specific questions to ask when you are interviewing for a role

    (27:49) Companies Melissa has worked with

    (28:33) Attributes of high-performing teams

    (31:38) Creating a sense of ownership among team members

    (34:36) Building a team-first culture

    (36:54) Avoiding burnout by knowing your limits

    (39:24) Developing talent and unlocking potential within your organization

    (42:45) Melissa’s hiring practices and what she looks for in a product manager

    (44:40) The exact interview sequence Melissa utilizes

    (49:58) Common pitfalls when creating growth teams

    (53:43) “Flying formation” and the DACI framework

    (56:48) Who should own revenue

    (58:19) When to invest in growth

    (1:01:06) What to look for in your first growth hire

    (1:04:35) When it’s appropriate to hire an advisor

    (1:06:19) First-principles thinking

    (1:09:50) Lightning round

    Referenced:

    • Jiaona Zhang on LinkedIn: https://www.linkedin.com/in/jiaona/

    Lean In: Women, Work, and the Will to Lead: https://www.amazon.com/Lean-Women-Work-Will-Lead/dp/0385349947

    • Tim Ferriss: How to Find a Great Mentor: https://www.youtube.com/watch?v=RVo1aZCyfO4

    Radical Candor: Be a Kick-Ass Boss Without Losing Your Humanity: https://www.amazon.com/Radical-Candor-Revised-Kick-Ass-Humanity/dp/1250235375/

    • How to Monetize a Freemium Business: https://www.ycombinator.com/blog/how-to-monetize-a-freemium-business

    • DACI framework: https://www.productplan.com/glossary/daci/

    Leaders Eat Last: Why Some Teams Pull Together and Others Don't: https://www.amazon.com/Leaders-Eat-Last-Together-Others/dp/1591848016/r

    The Untethered Soul: The Journey Beyond Yourself: https://www.amazon.com/Untethered-Soul-Journey-Beyond-Yourself/dp/1572245379/

    The Four Agreements: https://www.amazon.com/Four-Agreements-Practical-Personal-Freedom/dp/1878424319

    Winning Time: The Rise of the Lakers Dynasty on HBO: https://www.hbo.com/winning-time-the-rise-of-the-lakers-dynasty

    • ChatGPT: https://chat.openai.com/

    • Webflow: https://webflow.com/

    Production and marketing by https://penname.co/. For inquiries about sponsoring the podcast, email podcast@lennyrachitsky.com.

    Lenny may be an investor in the companies discussed.



    Get full access to Lenny's Newsletter at www.lennysnewsletter.com/subscribe

    Une startup marocaine en passe de révolutionner la logistique ?

    Une startup marocaine en passe de révolutionner la logistique ?

    Et si une startup marocaine rejoignait la short-list des champions du monde du digital ? Freterium, startup dans le domaine de la logistique vient de rejoindre l'incubateur américaine Y Contributor, l'un des plus grands incubateurs américain. Dropbox et Airbnb y sont passés.
    Dans Le Scan, le podcast d’actualité de TelQuel reçoit Mehdi Cherif Alami, cofondateur de Freterium.

    [Rediffusion de l'épisode du 15 juillet 2021]

    New York Real Estate News

    New York Real Estate News

    The world’s population is getting richer, and the evidence shows that many of the world’s rich want to spend their new wealth on luxury real estate. The international luxury residential market will see more demand than supply over the next three years, according to a report published by the Real Deal, with 25 percent of high-net-worth individuals expected to buy high-end real estate compared to the 17 percent who want to sell. The report also noted the numbers of wealthy people across the world is increasing significantly.

    There were 1.6 million households around the world with more than $10 million in net worth during 2016. That figure is an 11 percent increase from 2015 and a whopping 91 percent increase since 2010. Most of the world’s wealthy consumers live in North America, with the number of $10 million-plus households increasing 146 percent in the last eleven years. Europe is the second largest “wealth region” in the world and is home to nearly 20 percent of the world’s wealthy households.

    The Asia Pacific region has seen an explosion of wealth, with the high-net-worth individuals in that part of the world increasing more than 20 percent between 2015 and 2016. China is producing 100,000 new millionaires each year, according to a report earlier this year. Despite the report’s rosy outlook for the international luxury market, New York City continues to experience an excess of high-end product. Manhattan real estate sales of over $10 million in the first half of the year increased 12 percent from the same period the year. However, that jump is driven largely by both closings from contracts signed in 2014 and luxury sellers’ growing willingness to negotiate on price. In Los Angeles this year, there were 65 sales in the $10 million to $20 million range, up from 50 during the same period of last year.And in Miami, there have been 46 properties sold in the over-$10 million market so far this year.

    https://therealdeal.com/2017/09/27/demand-will-outstrip-supply-in-global-luxury-market-report/

     

    In London news, the London housing market hasn’t looked this bad since 2009, with its housing prices posting the first annual decline in almost a decade, according to the Nationwide Building Society. The cause of the slow is generally blamed on Brexit. Despite this, analysts claim there is cause for optimism - consumer confidence appears to be on the upswing, while Lloyd’s Bank saw business confidence rise from its lowest point. TRD reported this summer that the sky-high prices London is known for may be a thing of the past — and if London real estate prestige falls internationally, New York City would stand to gain.

     

    WeWork and Airbnb have formed an alliance in a bid to take over the corporate travel market.

    Customers who book a room on Airbnb will also be able to reserve a desk at the nearest WeWork co-working space under a pilot program in six cities, Bloomberg reported.

    As of Thursday, the service will be available in Chicago, New York, Los Angeles, D.C., London and Sydney. Earlier this year Airbnb introduced a feature allowing users to search for homes with a desk and high-speed internet. WeWork, meanwhile, has offered overnight stays at its WeLive co-living location in Lower Manhattan. The company recently raised $4.4 billion from Japanese conglomerate SoftBank to bring Wework’s valuation to $20 billion.

    https://therealdeal.com/2017/10/04/airbnb-and-wework-are-joining-forces/

     

    In far west side news, the online retail giant Amazon just signed a 15-year lease for 360,000-square-foot at Brookfield Property Partners’ 5 Manhattan West. It will serve as New York’s main location for Amazon Advertising, and jobs at the site will include software engineers, data analysts, and economists.

     

    Amazon will take all of the sixth and seventh floors of the 16-story building on 10th Avenue between 31st and 33rd streets, as well as parts of the eighth and 10th floors. It will bring the building’s occupancy rate to 99 percent, with other notable tenants including JPMorgan Chase and Whole Foods, which is anchoring the building’s ground floor with 60,000 square feet of space.

     

    Amazon’s expansion into 5 Manhattan West will create 2,000 new jobs with average annual earnings of $100,000, according to Gov. Andrew Cuomo’s office. The company was offered up to $20 million in tax credits to expand in the state, and it will invest $55 million to outfit its new space with energy-efficient standards.

     

    5 Manhattan West is part of an eight-acre, six-building mixed-use development that Brookfield is constructing on Manhattan’s west side from Ninth Avenue to 10th Avenue and 31st Street to 33rd Street. It will feature roughly 6 million square feet of office space, residential space and a boutique hotel. Amazon has set up multiple projects in New York State over the past five years, including investing $9 million into a fashion photography and videography studio in Brooklyn and setting up a 350,000-square-foot administrative office at 7 West 34th Street. The company is also planning to open its first distribution center in New York on Staten Island’s West Shore, which is expected to create over 2,200 jobs.

     

    The Seattle-based company most recently shook up the business world by announcing that it would seek to open a second headquarters, which should represent a $5 billion investment. Although New York is expected to be in the running for this as well, Related Companies chairman Stephen Ross recently said in an interview with Bloomberg Television that he “can’t see them really coming to New York, realistically” because of the city’s high cost of doing business.

    https://therealdeal.com/2017/09/21/its-official-amazon-is-coming-to-5-manhattan-west/

     

    In Brooklyn news, workers with the U.S. Environmental Protection Agency are set to start scooping toxic sludge from the bottom of the Gowanus Canal the first week of December and will begin prepping for the excavation next week. Starting this week, barges will cruise into the heavily polluted canal's Fourth Street Basin, where dredging will clear the way for EPA equipment to access the sludgy sediment, known as "black mayonnaise," marking a key step forward in the canal's $506 million cleanups.

     

    Before work on the Superfund site begins, the EPA will "stabilize the shore" with bulkheads along the basin's neglected banks, with that work likely to occur during the last week of October. Come December, workers will begin scraping muck from the basin's floor for a pilot study that will work out the logistics of the project and inform the EPA's final plan for the entire 1.8-mile waterway.

     

    The pilot dredging is expected to last until the spring of 2018 and will culminate with a report to help shape the EPA's overall plan, including where excavators will eventually dredge the canal.

    It is possible that the agency will unearth some hidden gems, or at least buried junk, during the work. Last year, debris removal from the the Fourth Street Basin yielded two boat wrecks, eight support pilings, a tree and 25 other items that measured greater than 5 feet across. Toxic sediment removed from the canal will be ferried down the waterway and mixed with cement to ensure it does not leach contaminants, Tsiamis added. EPA officials anticipate finalizing plans for cleaning up the northern portion of the canal by February 2019. The cleanup for that portion of the canal will be completed around 2022 at the earliest, this according to DNA Info.

     

    In Downtown Brooklyn news, JEMB Realty is planning to bring a 37-story building to the heart of Downtown Brooklyn at 420 Albee Square. The tower would span about 385,000 square feet and contain office and commercial space, including a 300-seat school on the first six floors. FXFOWLE Architects is designing the project, and JEMB received a $56.5 million loan for the project in July. JEMB originally planned for the tower to be significantly higher but scaled down the proposed height from 65 stories to 35 stories in March 2015

    https://therealdeal.com/2017/10/05/the-top-10-biggest-real-estate-projects-coming-to-nyc-6/

     

    In Upper West Side news, an apartment building at 200 Amsterdam that would be the tallest tower on the Upper West Side recently received the green light from the Department of Buildings.

    The 51-story, 112-unit building is being developed by SJP Properties and Mitsui Fudosan America, and has faced vehement opposition from the local community, Crain’s reported. Critics of the project claimed in was in breach of the building code. The DOB had shut down the site, but last week, the DOB said the companies had addressed all concerns. The developers will need to refile for permits. SJP and Mitsui Fudosan paid $275 million for the parcel at 200 Amsterdam Avenue in 2015 and filed permits with the DOB last year.  [Crain’s] — Miriam Hall

    https://therealdeal.com/2017/09/27/city-allows-construction-on-uws-skyscraper-to-resume/

     

    Resources:

    Organifi

    Wix

     

    -

    Our Proud Sponsors: 

    The RATNER Team 

    Spartan Renovations

    Sanchan Saxena (VP of Product at Coinbase) on the inside story of how Airbnb made it through Covid; what he’s learned from Brian Chesky, Brian Armstrong, and Kevin Systrom; much more

    Sanchan Saxena (VP of Product at Coinbase) on the inside story of how Airbnb made it through Covid; what he’s learned from Brian Chesky, Brian Armstrong, and Kevin Systrom; much more

    Sanchan Saxena is VP of Product at Coinbase. Before Coinbase, Sanchan was Head of Product and GM at Airbnb, founder and Head of Product of Instagram Shopping, Director of Product Management at Yahoo, and Lead PM at Microsoft.

    Thank you to our sponsors for making this episode possible:

    • Dovetail: https://dovetailapp.com/lenny

    • Persona: https://withpersona.com/lenny

    • Productboard: https://www.productboard.com/

    In this episode, you’ll learn:

    [3:50] How Sanchan worked his way up to VP of Product at Coinbase

    [6:15] Sanchan’s best advice to early-stage PMs

    [9:41] What to look for in a company to join

    [12:09] What Sanchan learned from Airbnb

    [16:40] Behind the scenes of how Airbnb survived the Covid downturn when travel completely stopped

    [21:49] How Airbnb tactically planned in two-week cycles

    [25:00] How to keep morale up during a disaster

    [29:00] What Sanchan learned from Brian Chesky, Brian Armstrong, and Kevin Systrom

    [36:08] How to know when to trust your gut vs. A/B testing

    [41:57] How Coinbase makes decisions

    [46:30] How teams use the RAPID decision-making process

    [47:00] How to operate in an ambiguous industry like web3

    [49:00] How to know if you should get into web3

    [51:46] How to hire and close amazing candidates

    [54:40] What to look for in product leaders

    [57:13] Lightning round

    Where to find Sanchan:

    • LinkedIn: https://www.linkedin.com/in/sanchans/

    • Twitter: https://twitter.com/sanchans



    Get full access to Lenny's Newsletter at www.lennysnewsletter.com/subscribe

    Sujata Burman and Ali Morris on design in 2019

    Sujata Burman and Ali Morris on design in 2019

    We kick off season 2 of the podcast with a chat with two journalists; Sujata Burman, who’s the online design editor at Wallpaper* and Ali Morris - a freelance writer whose articles you can spot on the pages of Wallpaper*, Dezeen and many other publications.

    Our conversations centres around design in 2019, key trends, long-term movements and the areas of our lives affected and improved by design every day.

     

    Presented by Justyna Green

    Music by James Green