Very few product iterations unlock massive new value and growth "all of a sudden". No matter what sales, marketing, and research might suggest.
Product is about small incremental improvements that ladder up to massive value over time.
Have a plan, keep grinding, and consistently add incremental value over time.
#startups #scaleups #sales #marketing #startupsnippets #consultingconvos
Most tough problems (of all categories) are the result of complex interplays of multiple parts/causes + a complex misunderstanding, conflation or ignorance of those parts... all combined together.
This, however, does not make it impossible to create a narrative/model that helps drive alignment and direction for all the key stakeholders to use when making decisions about the next (many) steps. In fact it makes it essential.
Often, there might even be multiple tracks of work to address the multiple root causes in parallel.
No model is perfect, but some models can be (very) useful.
For example: I often do this for medium to large companies who are struggling with dysfunction and inefficiency in their R&D teams.
The problem is often rooted in EVERYTHING from implicit assumptions, business strategy, capital availability, org design, product strategy, roadmaps, quality of people, incentives etc etc.
Once the problem is well defined, a comprehensive, multi-track, multi-step plan (executed in iterations with adjustments along the way) is possible.
#startups #scaleups #strategy #problemsolving #startupsnippets #consultingconvos
One of the most powerful things you can do as a product leader is to remove ambiguity, indecision and confusion.
Sometimes this is through data, through consensus building, through stakeholder interviews etc
Sometimes it's about using your taste, intuition and judgement to declare something true.
Clarity is a rare and powerful superpower to have, and to bestow.
A big part of what I seem to do on teams is help them to lift their gaze up to the horizon and think bigger.
Why hire that candidate who's "good enough" just because they're local and happened to apply? Hire 10x people who can change the quality and cadence of your whole company.
If they aren't applying for your startup, find them on LinkedIn and get them on the phone - one way or another.
Go big, or go home.
It’s sometimes useful to think about your early stage startup as a wedge.
The sharp part of the wedge is the reason people will initially take a moment from their busy lives to sign up and engage with you. It’s what you insert into the world as a kind foothold. To succeed here, the wedge needs to address a real, immediate and fairly obvious pain. The more obvious and urgent the problem, and the lower the barrier entry, the sharper the edge and more likely it is to successfully cut through the noise.
The fat part of the wedge is where you eventually lead your users and how your business evolves into adjacencies. To succeed here, you need a plan to build moats, move into adjacencies, monetize and win. There’s almost always more you can do to increase value and retention here. The richer and larger you can make this part of the wedge the better - and the more likely you are to be on track for a unicorn.
#consultingconvos #startups #scaleups #startupsnippets #wedgeintheworld
Some people speak in euphemisms and platitudes.
I speak directly and bluntly - particularly as an advisor.
I always want my meaning and the implications of what I'm saying to be crystal clear so that founders and operators understand what to do and how to do it.
My belief is that there's already too much confusion and noise in the world. Having people around who can help cut through the nonsense and help you see the world clearly is invaluable.
In an upcoming episode of The Startup Podcast, I talk bluntly about how to scale ops. It involves putting people into more well-defined roles and making them more interchangeable and replaceable.
Hard subject - but essential to know.
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I was just asked what kind of PM I'm looking for in a candidate interview.
I've previously listed a lot of the great traits a PM needs in various forums. Even recorded a whole episode about it on The Startup Podcast.
But really, it boils down to this answer I gave on the fly:
Optimism/Conviction: To lean in and focus on the user above all else.
Cognitive Horsepower/Intuition: To recalculate quickly and work around roadblocks that get in the way.
Craft/Consensus building: Rally the team to have the first two.
The AI Game has changed.
It was about the power of the models.
Now, it's about the elegance and distribution of the products built on top.
OpenAI and Google latest announcements make it clear that they are not competing at the UX/Use-case/Surface area level.
Apps that DON'T require large-scale multiplayer (E.g. social networks) or real-world interaction (E.g Uber or AirBnB) are likely to be generated on the fly by the core LLMs.
As a result - and unlike previous revolutions - it's unclear how AI presents new long-term opportunities for a large ecosystem of players. A LOT of the new value will be captured by the top players with existing users, distribution, data, devices, and trust.
A lot of startups and more established companies will be disrupted.
I've been helping a lot of companies to avoid wasted time and money while achieving killer results.
I figured it was time to give a little status update on recent wins that might inspire some of you to think bigger and win the quarter.
Here are some case studies from the last 6 months…
Company 1
Problem: Independent founder who had tried to build his product 3 times - each time missing the mark and getting derailed by market forces. He was wasting a lot of money and a LOT of opportunity cost.
How I helped: Together, we built an incredible Product and GTM story that finally resonated with users and disrupted the status quo. I helped eliminate the indecisions and confusion and imposed the discipline, focus, and attention to detail needed to build something great.
Company 2
Problem: A publicly listed company was experiencing Product + Engineering challenges. Low productivity, interpersonal conflicts, and nothing meaningful getting done. The company was burning millions of dollars and risking tens of millions in market cap.
How I helped: I got to the source of their product and engineering challenges by going upstream and fixing their business strategy and org chart. Facilitated a deep dive into their core areas of focus, product, and company principles and re-designed the entire org chart. Turned them into a truly product-led company and eliminated the real root cause of the issues. They now have an exciting product strategy based on market disruption and high-quality execution.
Company 3
Problem: The company had a range of disconnected point products that were a) not retaining users b) not driving cross-product sales. The company was quickly running out of runway and risking its chance of raising the next round.
How I helped: I supercharged cross-selling and transitioned them to subscription revenue. I did this by creating a unified organizing principle between the products and a delightful self-serve user experience that rationalized all the products into a single product suite. The suite can now deliver ongoing use-value that drives retention and unlocks a subscription pricing model.
Company 4
Problem: A consumer hygiene company was crushing it with viral campaigns on social media but couldn’t figure out how to become a sustainable business with a great brand. Metrics were going sideways, and the runway was running out.
How I helped: Designed and implemented a growth engine with an incredible onboarding journey. I helped them reimagine their brand as a more sophisticated and high-end player with something meaningful to say. They're now moving to the US with a confident and effective story about who they are and how they've changed the hygiene game.
Ideally: They are industry guardrails based on the best thinking of government agencies.
Typically: They are the calcification of the outdated thinking of bureaucrats and commercial lobbyists. A form of legal dogma.
Ideally: They are designed to guide industry action and outcomes to ensure customers and countries are protected from risk.
Typically: They are great for stopping bad actors from hurting people but bad for well-meaning innovators trying to ethically solve problems based on first principles.
As a founder of a Silicon Valley-style startup aiming to disrupt the status quo, they are rarely your friend.
Engage skeptically and vigorously to avoid derailing your vision.
I discuss this a lot in a recent episode of The Startup Podcast.
1. Some people tend to believe that innovation is mostly about breaking new research ground and IP Generation.
2. Some people tend to believe that innovation is mostly about delivering products and services to market that positively disrupt the status quo, making things better, cheaper, and/or faster.
Make sure you're talking about the same innovation with your team, stakeholders, and investors.
They are NOT the same, and they require VERY different mindsets, motions and outcomes.
Silicon Valley-style startups tend to be biased toward the second category.
Language matters. Alignment matters.
What does it mean to talk to customers and validate your ideas?
You talk to customers and other stakeholders to...
a) Collect ideas/feedback about new features or in response to early prototypes
b) Interpret and digest the feedback into the strategy, architecture, and design of the ideal product vision
However, be careful.
Digesting feedback does not mean accepting all feedback.
Instead, it's really about...
a) Listening to the underlying truth/pain/problem of what's being said
b) Deciding if what you hear is 1. a real problem, 2. meaningfully affects PMF, 3. something that's on-strategy/within scope to solve
If the above is true... then it's essential that the feedback is translated into a minimal set of concepts/features/ideas across the various phases and features of the product strategy and roadmap.
In other words, you don't collect feedback and execute. Incredible taste, judgment, and craft must be involved.
Also, remember, the ultimate validation is putting things in front of people and seeing if they use it. Everything other than that is subject to a LOT of noise from stakeholders trying to be...
a) Smart
b) Helpful
c) Confused
The problem you’re working on goes way deeper and has many more exciting agencies that you first realized.
This is likely true of almost every problem and startup opportunity, ever.
The challenge is that a lack of focus blinds you to this fact. You end up being too busy dealing with the obvious and distracted by the superfluous.
When you truly focus, though, the beautiful and maddening complexity starts to reveal itself. Along with the opportunity found within.
That’s when the fun REALLY begins.
That’s when becoming a monopoly in your niche (and massive scale) becomes possible.
#startups #scaleups #productstrategy #productmanagement #focus #scale
I'm reminded almost every day just how critical a sustained engagement in the execution details over time is to my advisory work.
We can develop an incredible strategy. We can discuss and establish key principles, structure and vision. We can develop a detailed long-term product design - but every single meeting and every single week involves game-changing decisions that can help individuals and teams...
Learn how to act in new and more effective ways
Avoid strategy drift and reversion to the mean
Minimize or eliminate hedging and debate
Imagine and communicate a vivid and exciting ideal
Execute each detail as brilliantly as possible
Fast-forward everything to the best, boldest future
It's harder, more detailed work. But it's so rewarding and essential.
It can feel easy or inevitable once the strategy is crafted. But it can actually be deceptively harder than the strategy development.
It can feel incremental. But it's actually game-changing and the critical way to avoid failure.
Domain Experts are often not the right people to innovate and disrupt their own domain.
Rethinking overcomplicated systems, processes, industries, and disciplines often requires a fresh pair of eyes, a learner mindset, a willingness to ask "dumb" questions, and excellent craft.
Experienced product managers, product marketing managers, and product designers with this kind of fresh perspective can often spot unnecessary jargon, unhelpful mental models, and mismatched categorizations a mile away.
Simplifying and clarifying these complexities is often at the heart of eliminating inefficiency, waste, and pain. Eliminating inefficiency, waste, and pain is at the heart of innovation and disruption.
So, when thinking about hiring PMs, PMMs, and designers - not only is prior experience in your domain not necessarily important, but it can actually work against their success.
Instead, a) look for craftspeople with incredible taste, judgment, intuition, and process b) pair them up with domain experts, and watch the magic happen.
Graceful degradation can be a highly effective strategy across multiple systems and decisions in a world-class company.
A graceful degradation is when you attempt to execute the best/ideal option; if you fail, you fall back to the next best option. You repeat down the stack ranked options.
The intent is to attempt to execute the best possible option at all times - while always having a backup plan.
Don’t skip steps, or you are typically acting in a sub-optimal way - by definition.
Here are just a few examples of the graceful degradation heuristics I use…
Improve the visual metaphor
Improve the affordances
Improve the word choice/copy
Short in-line explainers
Clear and instructive empty states
Coach marks/first-time walkthroughs
Embedded video tutorials on empty states
In-line help chat (with AI first tier)
Documentation center
Self-serve pre-recorded training programs
Live training programs lead by people
Figure out the ideal, ethical, user-centric approach
Minimize exposure to regulatory regimes through a clear separation of concerns/jobs to be done
Add concise disclaimers to further carve out or skirt around regulatory regimes
Make minimal adjustments to words to further adjust interpretation (without creating excessive vagueness or confusion for UX)
Engage with regulators to make a case for the value and intent of your product
Make compromises to comply
Design systems to be fault-tolerant, scalable and self-monitoring
Isolate features and systems so that they fail independently
Attempt to establish an “active-active” production environment so that there is no downtime between production and backup
Have great downtime messages and outage tracking
Ensure smooth downtime recovery tools exist
Ensure disaster recovery processes exist
Squad missions are designed, staffed, and empowered to act independently
Squads rely on other squad’s pre-built extensible services to configure or extend for their purposes
Squads ask other squads to add essential changes to their roadmaps
Squads do the work themselves with validation from other squad
As a PM, your exec team is confusing the hell out of you!
They each give you different perspectives and priorities.
CRO is demanding more short-term wins
CMO is demanding more sexy features
CTO is demanding more time to pay off technical debt
CFO is demanding that you spend less money
While a well-aligned executive team (and business strategy) is essential, the various perspectives and short-term priorities of each function will NEVER be fully aligned. This is not a bug in the system. This is a feature of cross-functional teams and the essential problem and opportunity of Product Management.
Your job as a world-class PM in a product-led org is to triangulate the truth based on all available data and first principles to make the final call.
So don't get frustrated. Don't feel like your company is dysfunctional. Don't throw in the towel.
Embrace the different perspectives, craft an incredible roadmap, socialize and align everyone, and lead your team to success.
When developing your product roadmap, it's so so easy to let ego get in the way of making good decisions.
Founders and product managers will often...
Fail to ship something concrete, narrow, and specific quickly - instead, their their ego might lead them to worry that their first version seems too simple and embarrassing compared to their full vision.
Fail to use simple, human language and metaphors - instead, their ego might lead them to use technical jargon and domain dogma to prove to their peers and colleagues that they know what they're talking about.
Fail to build something technically pragmatic and straightforward - instead, their ego might lead them to use unnecessarily advanced technologies and techniques to satisfy their curiosity and/or prove they can do hard things.
Fail to focus on product details and the unglamorous work of grinding until their product works - instead, their ego might lead them to believe the details are beneath them and/or that sexy announcements, academic validation, or other ego-stroking distractions are more important.
Fail to maintain a lean team and processes - instead, their ego might lead them to over-build their team and processes. to compensate for imposter syndrome and make them feel like they're doing "big boy business".
Fail to take maximum accountability for the problems in the business and quickly act to fix them - instead, their ego will block honest self-reflection and lead them to blame their team, VCs and others.
Fail to ask for help from mentors and advisors - instead, their ego tells them that “I got this”.
In short, rather than focusing on solving problems and creating user value, they focus on satisfying or protecting their ego from harsh judgment from users, industry peers, or even competitors.
Set aside your ego and focus on your empathy. Empathy for user pain, inefficiency, and waste. Solve problems.
There are two methodologies for deploying capital
1. Buying time
2. Buying impact
I’d choose the second one almost every time.
If you can spend a little more to save a bunch of time and increase the probability of a big impact that is far more valuable then spending less and buying yourself more time floundering in mediocrity.
#consultingconvos #businessstrategy #runway #startups #scaleups #startupsnippets
Be careful of founders who are afraid and come from a place of scarcity.
The first job of a founder is to believe.
Their next job is to make others believe.
Their third job is to help everyone do their best work to make their belief true and real.
#startups #founders #fear #faith #scaleups #consultingconvos #startupsnippets