Lenny's Newsletter · Product & Work
TIER 4 2020-01-07
Hello and welcome to this weekâs edition of my humble newsletter, where I attempt to answer your questions and offer candid advice about building product, driving growth, working with other humans, and anything else thatâs stressing you out at the office đ€
If youâre returning from the last edition (or the marketplace series), thank you! If youâre new to this newsletter, nice to have you! đ
This week:
On to this weekâs questionsâŠ
For this question, I went straight to a person who has gotten more people into âgrowthâ than anyone else in the world (and is also a great human being): Brian Balfour. Brian founded and operates a company called Reforge, which trains hundreds of people each year on all aspects of growth, and generously offered to share his wisdom. Hereâs Brianâs advice for getting into a growth role:
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1. Understand what growth means to the companyThis sounds simple but is unfortunately complicated. Every company has defined its growth team differently. In some orgs it is a cross-functional product team, in other orgs it is a section of their marketing team, and others it is their market expansion team. Then within that structure, the cultures of growth teams vary a lot across companies in how they approach the practice of growth. Some take a more aggressive approach, others a little more reserved. My personal view is that growth is a specialization across functions and is most effective when formed in a cross-functional product team. But not understanding what growth means to the company is the top mistake people make in seeking out growth roles and leads to situations that were doomed to fail from the beginning.
2. Form a point of view on how they growYou then want to form a point of view on how the product grows. At Reforge, we believe this is best done in the form of growth loops, not funnels. In the interview process, if you do any type of situational judgment question, take-home exercise, etc. always make sure you have a solid understanding of the product grows. Come in with this point of view, validate and refine it with the company. It shows that you are able to think about the bigger picture and gives you context for all of your answers.
3. Focus on foundational tools, not tacticsI see candidates try to impress by listing off a lot of tactical ideas they have for the product. Your chance of success with this is minimal. You are at massive information disadvantage about what is working, what isn't working, and what has been tried at the company. Most of the ideas you can come up with the little information you have probably have already been tried. This isn't what great teams want to see anyways.
Instead, they want to see that you are really strong at the foundational tools and that you can apply them to solve a variety of growth problems. A simple version of these foundational tools is the ability to use data analysis (qual and quant) along with user psychology within an experiment-driven methodology. Don't focus on the end idea, but show how you would approach solving problems using these three things.
4. Build a meaningful body of workWe talk internally at Reforge a lot about "application, not credentials." It might sound weird coming from an education company, but we believe the value of credentials is diminishing fast (which is great). You shouldn't learn something to get the credential, you should learn it so that you can apply it and create a meaningful body of work. Then you need to show off that work. Unfortunately, resumes and LinkedIn profiles are the worst way to do this. Instead, you need to take a portfolio approach (even if you aren't a designer). That could be through a blog, personal site, private collection of work you share, etc. The format doesn't matter. But those that show they can apply and create stand out 10X more than someone with a list of useless badges on their LinkedIn profile. Don't have a portfolio of growth work yet? That is fine, take a couple of products you use, pretend you were a growth pm for them, and show how you would break down a problem you see in their product.
[Sponsored] For the next four weeks, Iâm going to run an experiment where Iâll highlight fantastic job opportunities at hand-selected companies that I love. My goal is to make these ads both valuable and informative. Let me know what you think đł
This weekâs featured open role comes from a company that Iâve increasingly come to both rely on and respect: Wealthfront.
Not only do I keep some of my own savings with Wealthfront, and have friends who work there and love it, Iâve also been eating up all of the wisdom that their CEO Andy Rachleff has been sharing lately. Donât miss his chat about PMF with Mike Maples Jr. and this chat with Jason Calacanis about investing, startups, and fintech. Before Wealthfront, Andy co-founded a VC firm you may have heard ofâŠBenchmark Captial.
Iâm asking every company that I feature to share a piece of wisdom with our readers â hereâs a learning from Wealthfrontâs product team:
"Design exclusively for our target customer" is one of Wealthfront's most important product principles. We take this to an extreme: we will periodically fire non-target customers who demand things we know we will never build. Our success depends on delighting our customers, and this segment will never be satisfied with our product. If we will never delight them, we believe it's better not to serve them. This enables our product, design, and engineering teams to remain laser-focused on delivering delightful product experiences to the customers that matter to our growth and success.
Thanks, Wealthfront!
First of all, itâs important to remember that there are good reasons for some bureaucracy. A big company has a lot of moving parts, with many people, teams, and workstreams that need to stay coordinated. There are probably a dozen other PMs hoping to get their 2-minute fix prioritized too. To scale, leaders have to put in processes and systems to keep things running smoothly. Even if some of it sucks, some level of bureaucracy is essential.
So my first piece of advice to you is that youâll have to deal with some amount of bureaucratic pain working at a big company. Itâs part of the deal.
Fortunately, thereâs also a lot you can do to make life better for both you and for your org. By reading between the lines of your question, itâs clear that no one in authority believes what youâre proposing is a priority. They simply donât agree with your assessment that this âtrivially small bugfixâ is worth doing now, above other priorities.
Here are some things you can do (both for this ask and for future asks) to increase the chances of your asks happening:
Finally, if this is a recurring problem and is something you and others are continuously frustrated by, Iâd suggest taking initiative and shining a mirror to the org. Put together a short doc or deck that collects this and every other example of small things that took way too long to do. Then, add your recommendations for how to fix this problem. Imagine you were charge â what would you change? When you share this with your leaders, either theyâll agree itâs a problem and will want to address it, or theyâll explain why things are working as intended. Either way, itâll make things better.
The good news, and the bad news, is that this issue will never really go away. After a dozen re-orgs during my time at Airbnb, with all manner of org structure, we never fully solved this problem. Youâll need to get used to working with some ambiguity in ownership.
However, you can certainly reduce the pain. Some of the things that Iâve seen work best (from simplest, to most complicated):
Thatâs it for this week!
If youâd like some advice yourself, just reply to this email. Each week, Iâll tackle three reader questions (keeping you anonymous) until you quit sending me questions. If youâre finding this newsletter valuable, please share it with your friends!
Sincerely,
Lenny đ