Product Habits - Lessons from 120 founders and investors

 Hiten's Pick 

Lessons From 120 Legendary Founders and Investors

Romeen Sheth has interviewed more than 120 investors, founders, and executives on his podcast. Altogether, they have created over $1 trillion of value in the world. I enjoyed reading through this thread of the 20 best lessons he's learned from them. My favorite: Consistency is the most underrated element of success. 

 Business 

Microsoft's Little Known Platform

Most of Microsoft's revenue comes from Office 365 and its Azure cloud computing platform. But they also have a Power Platform product that could become a multi-billion-dollar growth channel. To me, the product sounds a lot like Airtable and Coda. Here's the story behind the platform flying under the radar

The Income Shared Agreement Dilemma

In 2019, Sean Linehan launched an Income Share Agreement (ISA) company. After a few years, the company survived, but its use of ISAs did not. He shares his thoughts on why he believes the ISA model isn't going to transform training and education—and what his company is doing instead

 Product 

How Ikea Won Over India's Shoppers

To better understand Indian consumers, Ikea visited more than 2,000 households with varying incomes in different cities. In a complicated consumer market, the home furnishing giant is playing the long game, creating products and expanding business in an organized, price-sensitive way. This is an interesting read about how they are winning consumers over

The Journey Into Product Management

It's an increasingly common scenario: People with technical degrees and backgrounds are making the leap into product management. It lives at the compelling intersection of UX, business, technology, and customer satisfaction. If you're thinking about taking on a PM role, this is a worthwhile read

 Marketing & Sales 

Why CVS Receipts Are So Long

Before those extra-long CVS receipts became a national meme, they were a great novelty. It was the retailer's way of tailoring customer offers, which was incredibly rare back in the early 2000s. Reading this made me think about how much intention the company puts into its receipts. 

This Marketing Strategy Actually Made Me Happier

If you prefer to build things instead of talk about them, you're probably not a fan of marketing. But it is an inevitable part of scaling a product. Cameron Henneke spent the past few years experimenting with various marketing approaches and shares which ones failed miserably and which ones were a success. Check out his recap here

 Growth 
What Organisms Teach Us About Organizations

This is a fascinating read that compares a caterpillar's growth stages to the lifecycle of organizations. The intention is to help companies at any stage decide what strategies, structures, and specializations are most important to your organization right now. Which stage is your company in?

The Ultimate Growth Strategy Guide

Behind every great product is a solid growth strategy. This article talks about a hidden growth strategy that has worked well for seven tech startups—from Twitter and Instagram to PayPal and LinkedIn. 

 Management 
Goodbye Standups, Hello Wrap-Ups

Standup meetings are typical at most startups. But is there a more effective way to do them in an asynchronous, remote work environment? It might be worth trying wrap-ups at the end of the day instead of early-morning standup meetings. It allows your team to communicate progress while things are still fresh, request help, and effectively signal the end of the workday. 

PM Lessons From a Navy Operations Center

The product manager who wrote this piece spends two weeks a year as a reservist at a Navy operations center. He shares his thoughts on what he's learned from his time in the Navy. One that I found interesting: He says the Navy still has the highest standards of any organization he's ever worked for

 Insight of the Week 
What Would You Do Differently?

Earlier this week on Twitter, I asked founders what the #1 thing is they would change if they were to start all over again today. The responses were compelling. A few that stuck out to me: Talk to more people before building anything, and be at peace knowing not everyone will love working at your company as much as you do. 



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Tuesday, March 22, 2022

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