back to indexWork Tactics: Finding a Job, Negotiating Comp, Managing Up, Getting Promoted and More
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I was teaching a course on Maven about product management, and I was interviewing coaches 00:00:08.280 |
I was interviewing them with someone else that was helping me out with the course. 00:00:11.960 |
And one of the coaches started her own sub-stack, subscribed me to it, and then just started 00:00:16.680 |
writing posts about how she's the perfect fit to coach this course. 00:00:20.480 |
And I was like, "Holy shit, we need to make sure that we talk to her for sure." 00:00:26.360 |
And we did, and it didn't work out there because she wasn't quite the fit, but I found something 00:00:29.640 |
else to do with her, and now she's a core part of my newsletter community, helps run 00:00:37.020 |
You do something really remarkable that gets someone's attention. 00:00:40.880 |
I do a lot of angel investing, and whenever I get a founder that makes a loom, "Hey, Lenny, 00:00:46.600 |
I really wanted to talk to you about the startup I'm building. 00:00:51.560 |
Most of the time, I talk to them because they put in the effort and they do something unique. 00:00:56.280 |
So I think it applies to investing too, pick the people you really want on your cap table 00:01:01.600 |
Hello, and welcome to another episode of All The Hacks, a show about upgrading your life, 00:01:07.760 |
Today, we're going to talk about the best strategies and tactics for your work. 00:01:12.240 |
That means finding a job you love, interviewing, negotiating your comp, managing up, making 00:01:20.540 |
And to do this, I'm joined by Lenny Ruchitsky, who sold his company to Airbnb in 2012 and 00:01:25.680 |
spent seven years working in product across the company before leaving to start his newsletter 00:01:32.240 |
Now, Lenny is well-known as one of the top minds in the world when it comes to building 00:01:36.760 |
and growing software products, and his podcast, Lenny's Podcast, is the number one product 00:01:43.440 |
But product building isn't why he's here today. 00:01:46.000 |
It's because he's written so many amazing newsletters about his professional work that 00:01:54.220 |
So whether you're looking for a job right now, trying to have more impact in your current 00:01:58.240 |
role, or thinking about what's next, I am sure you'll love this episode. 00:02:12.840 |
You have written a ton of content about product management and amongst product managers, which 00:02:17.680 |
I formerly was, you are well-known in that space for being a thought leader. 00:02:24.420 |
However, I found that a lot of your content is very, very applicable outside of product 00:02:32.380 |
And now we're probably going to dig into a little bit more about the transition to creators. 00:02:35.540 |
I just got to ask, are you aware of the breadth of applicability of your content and do you 00:02:41.180 |
see a transition in the future to just more than product-related content and just really 00:02:48.340 |
I am aware the content is useful to a lot of people other than product managers, because 00:02:52.700 |
I get emails from people and they're like, "Hey, our marketing team's finding this super 00:02:56.700 |
Or the funniest example is my mother-in-law, who is 75, I think, something like that. 00:03:04.100 |
And she reads every post that I write and finds something in there that is applicable 00:03:10.420 |
And that just shows me that there's all these little lessons that you can extract from things 00:03:14.280 |
that are specifically meant for product managers and founders. 00:03:17.820 |
But I will say I try very hard to stay focused on a PM, a founder, someone building product, 00:03:23.980 |
because I think that's the reason it does well, is it's solving a very clear person's 00:03:28.740 |
And if I were to try to broaden it too wide, I think it would just lose the power and just 00:03:36.460 |
So it is a balance, but it is cool that the second order effect becomes useful to a lot 00:03:41.980 |
For anyone listening, Lenny has a newsletter, Lenny has a podcast. 00:03:44.720 |
I have been a guest on his podcast that may or may not have come out before or after this 00:03:48.220 |
comes out and highly recommend it, even if you're not in product, just like your mother-in-law 00:03:55.520 |
However, we're not going to talk that much about product today. 00:03:58.500 |
We're going to talk about some of those other things. 00:04:00.900 |
And in fact, I thought as I went through a lot of your posts, that you have a really 00:04:05.380 |
unique and great perspective on the process of someone going through their career, both 00:04:11.900 |
getting a job, working at a company, starting on your own. 00:04:18.000 |
So I thought we could just have a conversation to walk through that process. 00:04:21.860 |
And you could share a lot of the lessons you've learned and shared and written about for anyone, 00:04:27.040 |
whether they're trying to advance their career today, or they're looking for something new, 00:04:32.100 |
or they're looking for something right now, because we're in an unfortunate situation 00:04:36.040 |
where some people may have lost their jobs, and I would love to give them more tools to 00:04:43.720 |
Sounds great with the caveat that I write these posts, and then the content leaves my 00:04:49.780 |
And part of the reason I write them is like, "Hey, go read this thing, because I forgot 00:04:53.360 |
So I'll do my best to extract what I can remember. 00:04:56.260 |
And I did a little prep, but I won't have all of the answers in my head on demand necessarily. 00:05:01.520 |
Well, fortunately for you, I try to do a really good job of putting resources in the show 00:05:06.840 |
And if there's one that we feel like your answer is lacking in comparison to what I've 00:05:11.560 |
seen you write, I will make sure that we link that so people can follow up. 00:05:15.880 |
But let's start with the process of finding the right kind of job. 00:05:20.400 |
So there are so many types of companies out there. 00:05:23.680 |
What advice do you have for people looking for something new, both in just how to narrow 00:05:28.400 |
down the options and actually stand out to candidates to get that first interview? 00:05:35.680 |
And for a side note, Lenny also runs a job board and a talent collective for people in 00:05:42.800 |
So you've seen this both as a person in it and a person creating this thing. 00:05:46.760 |
So just to recap, how do people narrow down what they want to do and find a company and 00:05:54.600 |
Yeah, let me talk about the job board briefly because I think it's cool. 00:05:57.080 |
It's a cool piece of context that shows kind of how much I spend thinking about people's 00:06:05.880 |
It runs on this platform called Palette, which is kind of like the substack for job boards. 00:06:09.680 |
It's kind of this white labeled job platform. 00:06:12.760 |
And the way it works, there's kind of two parts to it. 00:06:14.560 |
There's a regular job board where people just post job openings. 00:06:17.520 |
And then there's a reverse job board where candidates can sign up because they're interested 00:06:22.920 |
And they can just be like, "Hey, I'm open to a new opportunity. 00:06:25.400 |
I'd love to hear from interesting companies." 00:06:28.800 |
You could hide yourself from companies that you don't want to see that you're looking 00:06:35.320 |
It's become maybe the number one place to find product people. 00:06:38.840 |
I don't know where else you go look for PMs better than this place. 00:06:42.440 |
And fun fact, they make more income from just the job board than I made at Airbnb in salary. 00:06:50.080 |
And so it turns into a really interesting business on the side and shows the power of 00:06:54.040 |
an audience with the newsletter and the audience of that being funneled to the job board, creating 00:07:01.800 |
If you look at people that actually end up getting jobs from this, is it more from people 00:07:06.480 |
finding the job from the employer or have things changed in the environment where the 00:07:12.080 |
employee putting themselves out there is actually leading to more jobs? 00:07:16.840 |
So one thing I've learned from this is job boards do not work well. 00:07:19.800 |
They're either, and job board meaning you post an opening on a job board. 00:07:25.400 |
If it works for you, it's like the best ROI in the history of hiring, because it's like 00:07:31.200 |
50 bucks, 100 bucks, 200 bucks to post a job and you find someone for that and then you're 00:07:38.800 |
What actually worked is the reverse, the other piece where candidates that are awesome apply. 00:07:44.400 |
I approve them and I only approve about 10% of people to keep the quality by really high. 00:07:49.200 |
And that has led to so many companies finding PMs as a product, VPs a product. 00:07:55.680 |
I think that model is a lot more effective now before the economy changed. 00:08:05.440 |
And this site, you said pallet, does there, you might not know this, but is there a directory 00:08:10.360 |
of all the different job boards they power for something like this? 00:08:13.200 |
You know, if someone listening is like, I'm not a PM, but I would love to participate 00:08:16.880 |
in this reverse job search process to put myself out there in front of companies. 00:08:20.620 |
Are there other job boards or directory of them to go find places to post yourself? 00:08:26.420 |
I think it's called spotlight where you work with them and they give you access to a ton 00:08:30.820 |
of different job boards for specific profiles. 00:08:34.300 |
And so I get these applications for one company looking for like a designer and they can just 00:08:40.940 |
So yeah, it's pretty cool what they're building, how, if you're building this profile, right, 00:08:45.020 |
you're a candidate building a profile, setting aside that it's in product, but what are the 00:08:49.020 |
things you think you've seen people do to one stand out, but also to identify what they're 00:08:55.580 |
Cause I think there's a world of all kinds of companies you could work at. 00:08:58.860 |
The way I think about it, there's, there's a lot of personal things that are important 00:09:02.220 |
to people like where they work, where they live and are they want to work and things 00:09:07.700 |
But I'd say if you just, if I think of four things that are really important, I think 00:09:10.900 |
of the people at the company, the stage of the company, the mission of the company, and 00:09:20.100 |
So with people, what I look for and what I think you should look for is where the smartest 00:09:24.140 |
people, you know, going to go work, trying to go work or already working. 00:09:29.620 |
And there's kind of a few reasons why that's really powerful. 00:09:32.620 |
One is it's more likely that they'll build an awesome product and awesome business that'll 00:09:37.340 |
So the smartest people working in a company more likely to succeed to you'll learn a lot 00:09:44.420 |
If you're just working with the smartest people, you can find, you're going to learn a lot 00:09:48.460 |
And then three, which is a little bit underappreciated. 00:09:50.400 |
I think the alumni network that you build from a company that you work at ends up being 00:09:56.180 |
If you work at a company that ends up succeeding and doing well and growing. 00:09:59.940 |
And so there's a lot of benefit to working in a place where you can build this really 00:10:08.860 |
As an example, a friend and I started the Airbnb alumni investing syndicate called Air 00:10:14.940 |
We invest in companies as a group, there's about 500 of us in the syndicate. 00:10:19.060 |
And basically we find companies to invest in, we invest using an SPV and look for ways 00:10:25.460 |
And it ends up being a really awesome, fun experience we all learn together. 00:10:29.100 |
That's one, find the place where the smartest people you know are going to. 00:10:34.060 |
I think a lot of people under appreciate the importance of stage of company. 00:10:37.980 |
There's such a different experience working in a startup versus a big company. 00:10:41.740 |
And so I think it's really important to think about what's the stage that you want to focus 00:10:45.540 |
I find there's like a really nice middle ground where you look for a series B or a series 00:10:50.380 |
C company where it's not so early that it's likely to go out of business or it's going 00:10:55.780 |
to be like so stressful all the time, but it's not like a meta or Google. 00:11:01.420 |
And so that's kind of interesting middle ground where it's still like a lot of upside, still 00:11:06.300 |
And there's a lot of opportunity, but not boring and slow and big company. 00:11:09.900 |
So stage, I would think about the mission of the company. 00:11:12.980 |
If you like, look back on your life, you're going to be like, okay, look, I spent three 00:11:19.260 |
And so like, you're not going to be that excited about that unless the mission is something 00:11:25.740 |
And moving that metric 5% leads to something that matters in the world. 00:11:29.460 |
As an example, Airbnb, they basically help people travel and go on better trips. 00:11:35.300 |
And this applies to your podcast a little bit. 00:11:37.180 |
Like what would you do if you had all the money in the world? 00:11:39.700 |
Everyone says I travel and how cool is it to let people go on better trips, more trips, 00:11:45.860 |
So there's a really meaningful mission there. 00:11:48.620 |
So and then the fourth is you just want to pay attention to the quality of the business. 00:11:54.860 |
Is it going to, do they have to keep raising money forever? 00:12:01.580 |
And this is especially important because one of the, and we'll talk about how to stand 00:12:05.460 |
out, one of the most powerful things you can do to give yourself a chance to get a better 00:12:09.980 |
job is to have a logo or two from a company people recognize and respect, because that 00:12:18.460 |
Somebody else has interviewed you that you really trust. 00:12:25.340 |
They may not necessarily be amazing, but at least it's some level that gives you a quick 00:12:31.020 |
So you want to work at a company that ends up being like, oh, wow, they worked that. 00:12:37.700 |
I had an idea around that when I first wanted to get a job at a startup, I was like, I'm 00:12:45.100 |
And I was like, oh, what company just raised a bunch of money? 00:12:50.700 |
And that company ended up like not actually going on to raise any further funding. 00:12:54.060 |
But that was a hypothesis I had actually played out because five years later, even though 00:12:58.140 |
that company was out of business, people were like, oh, I remember that company. 00:13:01.340 |
And so just the fact that I worked at this company that was a hot company at the time, 00:13:05.020 |
even though it went out of business within a small niche of people was, was valuable. 00:13:08.900 |
I'll add on a couple thoughts to what you said, which is when you talk about stage and 00:13:15.300 |
for people listening that aren't in tech, forget whether it's series a series B or something, 00:13:22.440 |
I think another way to think about that, those stages is kind of the speed at which you will 00:13:30.160 |
If you want to really hone your craft in a specific vertical, a later stage company is 00:13:36.180 |
often going to be a place where you can really focus on one thing and really hone that, that 00:13:41.580 |
skill, whether it's a set of managerial skills or, um, you know, anything at an early stage 00:13:46.820 |
company, you're going to accelerate the speed at which you learn, but it might not be as, 00:13:52.060 |
as kind of focused on craft, or at least so I've found because there's so many opportunities. 00:13:56.820 |
You might think you're doing one role in product, but you might also be doing a role in marketing. 00:14:00.140 |
And you might also be, you know, being the janitor sometimes, you know, I think I've 00:14:03.660 |
had every role at a company except engineer at times. 00:14:07.100 |
And um, that, that happens at a smaller company. 00:14:09.740 |
So while you might trade off stability, you might learn a ton and a lot faster and be 00:14:17.040 |
You know, if you're trying to jump into a new career, it's going to be a lot easier 00:14:20.660 |
at a small company to say, Hey, I've never done this thing, but can I jump in and try 00:14:25.620 |
And at a small company, someone's like, Oh, Lenny's really good at this thing. 00:14:30.020 |
And then you can kind of move, move across very, very easily. 00:14:34.220 |
That reminds me real quick story of when we sold our company to Airbnb, that's how I joined 00:14:40.100 |
I went from being the CEO of the startup to a PM at Airbnb, and I felt such relief not 00:14:46.420 |
having to think about all the things at the company and just focus on the one problem 00:14:53.020 |
Like you would think that's painful, but it was so nice. 00:14:55.060 |
And I have to think about fundraising and I have to think about paying people salaries 00:15:07.700 |
And my wife was the chief of staff at Lyft for a bunch of years. 00:15:10.980 |
She joined when the company was very small and she had, you know, the opposite experience, 00:15:17.580 |
And it was an amazing opportunity because the company was growing and she had all these 00:15:23.180 |
And finally she was like, Oh, I'm spinning up a team to work on insurance. 00:15:32.580 |
And then she built a career in BD and loves doing BD and partnership stuff, but she never 00:15:37.500 |
would have found that if she hadn't joined a company small enough to be able to do lots 00:15:43.100 |
And then this is a little bit out of the way, because it's really hard. 00:15:45.980 |
It's not necessarily hard, but it's difficult to find these people. 00:15:49.960 |
But I think about trying to think about who you want to work for also. 00:15:54.480 |
So in any industry, there are people that are well known in their industry for, you 00:15:59.400 |
know, you could look at like any conference for an industry, like who are the people speaking? 00:16:02.740 |
Who are the people that are writing, who are the people you respect? 00:16:06.600 |
And sometimes there might be a good opportunity to go learn from that person. 00:16:11.020 |
And it might not be the mission that you love, but it might be the best mentor you can find. 00:16:15.880 |
And so that's another thing that I think you could focus on when you're trying to figure 00:16:23.240 |
It's like, do I care about the mission and will that fulfill me? 00:16:35.540 |
Yeah, it reminds me of a quote that I don't know if I believe, but a lot of people believe 00:16:39.460 |
it that you don't quit a job, you quit a manager. 00:16:42.660 |
And so to your point, finding a manager that you're really excited about and think you 00:16:46.100 |
can learn from and want to work from, and that will champion you is really important. 00:16:50.580 |
And I think super underappreciated in my career, the biggest trajectory inflection was just 00:16:56.020 |
one manager I had that just taught me a ton and just pushed me to do better. 00:17:00.540 |
And to your point, there's so much power and value in finding that person. 00:17:04.780 |
And if you can find, you know, the Japanese phrase, Ikigai, if you're familiar, if you 00:17:08.900 |
can find that, obviously it's like the dream, right? 00:17:11.700 |
It's, which is the intersection of what you love, what you're good at, what the world 00:17:19.140 |
It's like, you know, I'm learning as fast as I want at a company with the mission I 00:17:23.700 |
But I will say in my career, it's been very hard to find all of those things all the time. 00:17:28.120 |
And so you've got to prioritize and sometimes they morph into that, but you know, I wouldn't 00:17:34.060 |
necessarily hold out for, for finding something that ticks every box. 00:17:38.460 |
I think one way to think about as long as you're getting closer to that, because you 00:17:41.460 |
like your wife, you said she like, didn't know she wanted BD and the more experiences 00:17:46.620 |
you have, the more you kind of narrow in on, okay, here's the thing I really want. 00:17:51.600 |
The other way to think about it is I realized this is my fourth career. 00:17:57.260 |
Then I was a PM and I'm whatever I am now, I was a newsletter. 00:18:02.100 |
And so there's always options to go change and go in different directions as you learn 00:18:07.620 |
Like you're not stuck in the path that you chose. 00:18:11.780 |
And you, I don't know about you, but I went through investment banker, management consultant, 00:18:16.260 |
founder, uh, or employee PM BD, I did BD then founder, then, uh, went to Google and 00:18:26.180 |
And then I was, you know, I went through a lot of, and now I'm a creator. 00:18:29.460 |
Um, I never knew half of those things more than three months before, you know, like some 00:18:34.260 |
of them, I was like, I never knew I would be VC. 00:18:40.840 |
And so I think you don't need to know the future. 00:18:43.820 |
I love this idea of where do you want to be with your life in 10 years? 00:18:48.100 |
And if you, if you're in a career where that exercise is helpful, great, but I can tell 00:18:52.340 |
you that where would my career be in 10 years, 10 years ago would be so wildly off from where 00:18:59.060 |
it ended up that, you know, maybe it would have been a fun exercise, but it certainly 00:19:03.100 |
wouldn't have been anywhere close to accurate. 00:19:06.300 |
I think to that point, there's so much value in a variety of experiences, like just doing 00:19:10.460 |
a lot of different stuff later on ends up being really valuable to whatever you end 00:19:16.580 |
I was just interviewing a newsletter guy who was like the number one tech newsletter on 00:19:21.900 |
And he's like, yeah, I launched a newsletter. 00:19:25.780 |
But in reality, I spent six years writing a book on engineering and then working at these 00:19:32.540 |
So the thing you end up doing later ends up being built on the experiences you have. 00:19:37.300 |
And a lot of people don't understand the value of just trying a bunch of different stuff 00:19:42.980 |
Here's the thing I'm going to do for 10 years. 00:19:46.020 |
My personal belief is that in today's world, you're much better off trying to narrow it 00:19:51.080 |
down to three or four companies that you're really excited about and double down on your 00:19:57.860 |
And things I've done in the past are find every person that I can that knows them. 00:20:02.140 |
I've tried creating a presentation and sending it to them. 00:20:06.260 |
You could create a video about how excited you are, lots of things like that. 00:20:10.460 |
I've had this work for me, and I think it's underappreciated. 00:20:14.660 |
But as a founder, someone emailed me and said, I am so excited about your company. 00:20:20.660 |
And I was like, I have to interview this person. 00:20:23.040 |
Anyone who would take more than an hour to put something creative together about my company 00:20:31.620 |
And the bigger the company, the more it's like, well, they actually have to fit a role 00:20:36.220 |
But I've interviewed people who I was like, I don't even have a role for you, but I just 00:20:39.180 |
want to understand who you are, so I know where to slot you in later. 00:20:42.340 |
And so you can't scale that if you're interviewing, if you have a thousand companies you're excited 00:20:47.860 |
But if you have three, I'm like, go all in on those three before you try to find three 00:20:51.160 |
more because I think that you can easily stand out by doing those things. 00:20:57.940 |
There's an episode I did with Sunil Gupta, who wrote a book called Backable. 00:21:01.660 |
And one time he just did customer research for the company and sent it to me. 00:21:05.940 |
He was like, hey, I interviewed your customers, here's what I learned. 00:21:09.300 |
If you were in sales, you could go close a customer and be like, hey, I just convinced 00:21:17.580 |
Who doesn't want to interview a person who's closing deals before they even work there? 00:21:20.740 |
So I think if you can go through the hard exercise of figuring out what you want, that's 00:21:27.140 |
I'm curious at what you've seen to try to have candidates either who've applied to you 00:21:30.620 |
or you've done yourself, kind of put yourself out there in different ways. 00:21:35.580 |
It reminds me, I was teaching a course on Maven about product management and I was interviewing 00:21:45.100 |
I was interviewing them with someone else that was helping me out with the course. 00:21:48.780 |
And one of the coaches started her own sub stack, subscribed me to it, and then just 00:21:53.300 |
started writing posts about how she's the perfect fit to coach this course. 00:21:57.260 |
And I was like, holy shit, we need to make sure that we talk to her for sure. 00:22:03.180 |
And we did, and it didn't work out there because she wasn't quite the fit, but I found something 00:22:07.460 |
And now she's a core part of my newsletter community, helps run a lot of the programs. 00:22:16.900 |
I think generally the question is how do you stand out? 00:22:20.060 |
You do something really remarkable that gets someone's attention. 00:22:23.860 |
I do a lot of angel investing and whenever I get a founder that makes a loom, "Hey Lenny, 00:22:29.620 |
I really wanted to talk to you about the startup I'm building. 00:22:35.300 |
Most of the time I talk to them because they put in the effort and they do something unique. 00:22:39.340 |
So I think it applies to investing too, pick like the people you really want on your cap 00:22:44.460 |
I think broadly, like if you don't do anything like this, the things you need, because I'm 00:22:49.860 |
with the job board, I review, I probably reviewed 3000 profiles of people that applied to join 00:22:56.100 |
And so the things like if you think about from the perspective of hiring manager, like 00:23:00.180 |
what are they looking when they're scanning resumes? 00:23:02.380 |
They're looking for logos that they recognize from companies that have pre-vetted that person 00:23:07.420 |
in some form versus like a bunch of random companies they've never heard of. 00:23:11.100 |
So like you're not going to be able to do a lot about this, but this is what hiring 00:23:15.660 |
Companies that they respect, that have kind of done one pass at this person and they're 00:23:21.980 |
And then I think you mentioned this is just like impact, show some kind of impact that 00:23:31.660 |
And so the more you can highlight those things, the better. 00:23:33.940 |
But if you don't have those things, your advice is, is great. 00:23:41.180 |
I wonder if you just like, you're, you know, send in your resume, but it's like, if you'd 00:23:44.540 |
rather not look at another, I can imagine getting an email, if you'd rather not look 00:23:48.180 |
at another 50th resume of the day, here's a five minute video of me walking through 00:23:54.220 |
And by the way, you can put it on two X, if you want to get through it in two and a half. 00:23:57.380 |
I bet if I got an email that was like a little bit snarky, a little bit funny, but a little 00:24:02.740 |
And if you don't have those logos, it might be exactly what you need to get through that. 00:24:11.660 |
Have you thought a lot about, you know, both on both sides of it, what people should be 00:24:15.420 |
focused on versus not like, I don't know if I'm going to give you anything that you haven't 00:24:19.900 |
heard before, other than just spent a lot of time preparing like a lot of interview 00:24:23.380 |
questions or stuff you'll hear from a lot of different people. 00:24:31.940 |
If you're interviewing at a big company, my sister was interviewing. 00:24:35.180 |
There's just like videos of all the interview questions they ask you online. 00:24:38.780 |
There's like courses you could take, like how to interview at Google. 00:24:41.620 |
And it's like all the questions they ask you, it's like you can go through all of them. 00:24:47.500 |
So there's like a lot of answers out there if you put in the time. 00:24:53.420 |
Another piece is, I guess, get good at telling your story and why you want to do this job, 00:24:59.380 |
what you've done in your career, highlight the things that have had impact. 00:25:03.220 |
I think it's just like get good at pitching yourself and then you want to ask good questions 00:25:10.380 |
of the interviewee, like stuff you hear all the time. 00:25:13.180 |
So I don't think there's anything dramatically new, but yeah, people want you to ask them 00:25:17.820 |
questions because they want you to, they want to feel like you care about the company. 00:25:21.680 |
I've interviewed people who I'm like, why do you want to work here? 00:25:23.660 |
And they're like, well, when I had a financial planning startup and they're like, I just 00:25:27.340 |
I'm like, that's why you want to work in the industry. 00:25:30.820 |
So I would say, especially the smaller the company, but it probably works at any scale. 00:25:35.880 |
If you don't have a really solid answer for why you want to work at this company, I think 00:25:41.740 |
that is tough for the other person to hear if they ask you. 00:25:47.000 |
And even if they don't, I'd try to slot it in because I think that's great. 00:25:50.620 |
And I would also try to come up with a personal question that I know this sounds like a lot 00:25:55.880 |
of work, but try to come up with the best question you can ask someone. 00:25:58.820 |
Because whenever anyone asks me a really hard question, I remember that person. 00:26:08.100 |
Or they transferred from interview to interview, they're like, oh, this person told me this 00:26:11.060 |
is your biggest problem, uh, your company's facing. 00:26:13.620 |
And in the next one, they'd come in and say, Hey, I talked to the head of marketing and 00:26:17.340 |
they said, this is the biggest challenge you're facing, you know, from a product standpoint, 00:26:22.560 |
what are you guys doing to help the marketing team solve this? 00:26:24.980 |
And it's like, wow, now you get to learn a lot of stuff, but it actually shows that you're 00:26:30.300 |
You're trying to be, you know, get more out of it. 00:26:32.340 |
So I just try to say, as the candidate, don't forget, you can ask questions and don't assume 00:26:37.320 |
that the questions you ask are purely selfish. 00:26:40.220 |
I think that they can often leave people with a better impression of you and not just be 00:26:45.900 |
It reminds me, one of the most interesting, so I have a TikTok account for my podcast. 00:26:53.180 |
And I think it's like, my name is the actual handle. 00:26:55.860 |
And the most popular content is guests talking about their favorite interview question. 00:27:01.020 |
I ask that often at the end of my podcast episodes. 00:27:04.300 |
And so if you're looking for more questions to practice on, if you go to Lenny's podcast 00:27:09.660 |
on TikTok, you'll sort, I think by views, you could probably see a bunch of really fun 00:27:15.740 |
I will link to that show notes so people can find it. 00:27:19.220 |
Now let's say you get the job and this is something I know you've written about. 00:27:22.940 |
And I know it was actually a guest post, but I'm hoping you have some of the takeaways 00:27:26.340 |
because they were fantastic about salary negotiation. 00:27:31.060 |
You know, I think it's something that people spend far less time on than they should. 00:27:35.100 |
And you highlighted a lot of that in the post you put out in your newsletter. 00:27:38.460 |
This post ended up being the most popular post of my newsletter of all time, partly 00:27:42.380 |
because it got on Hacker News and got a ton of views and some recruiters did not like 00:27:48.260 |
And so I kind of, it's, it's good and bad, but I learned a ton from it. 00:27:52.420 |
And the reason I asked, so the author's Nia Drugova. 00:27:56.920 |
And the reason I asked her to write this is because I'm really bad at negotiation. 00:28:00.420 |
I don't even know if I've ever negotiated a salary. 00:28:04.000 |
And so I wanted to learn how to do this well. 00:28:06.220 |
And she, her full-time job basically is helping candidates negotiate their offers and help 00:28:15.700 |
And I'm not going to share, go through everything. 00:28:20.340 |
I'll share a few highlights, things that I thought were most interesting. 00:28:24.060 |
One is she super recommends you never give a number of what you think your salary should 00:28:31.540 |
Her advice is just ask them, like, here's the question she suggests you ask. 00:28:35.980 |
Can you tell me the salary band for this level? 00:28:39.180 |
I'm happy to let you know if it's within my range and we can discuss the specific number 00:28:47.980 |
And that range ends up being really useful later when you start to negotiate. 00:28:53.900 |
Tip two is to mine for Intel from your hiring manager and the recruiter into what they're 00:29:02.380 |
Like what's the number one priority of the team right now? 00:29:07.820 |
What's the biggest challenge for someone getting into this role? 00:29:10.740 |
And the reason that's important is then you can mirror that back when you're pitching 00:29:15.140 |
Once you've got an offering, you want to counter, you can highlight, hey, here's what I'm going 00:29:22.700 |
Here's the challenges I'm going to tackle immediately. 00:29:25.380 |
And people are going to be like, holy moly, that's exactly what we need to know. 00:29:29.260 |
So the tip there is just mine, like ask these questions so that you have notes when you're 00:29:35.420 |
And then the third tip that I love is once you get an offer, her advice is don't counter 00:29:41.100 |
it immediately and don't come back with, no, I think this is a better, more fair number. 00:29:45.860 |
Instead, you want to win the hearts and minds of the decision makers. 00:29:50.160 |
You want them to feel like, oh, my God, we need Chris in this company. 00:29:55.940 |
And the way you do that in her advice is after you get the offer schedule, try to get a meeting 00:30:00.340 |
with a decision maker, like a director or VP or something. 00:30:03.820 |
Just like, hey, I just want to chat about this role. 00:30:06.020 |
And then in the discussion, ask questions about how they would want you to create meaningful 00:30:12.620 |
Share some ideas maybe you've had about what you're going to do there. 00:30:16.020 |
And then maybe share obstacles that you have in accepting the offer and taking on the role. 00:30:21.620 |
And generally just get them, try to get them excited about you joining the company. 00:30:25.180 |
And with that, then you can come back with like, okay, here, I've talked to everyone. 00:30:32.500 |
And in theory, if you got them really excited to be like, oh, yes, yes, yes, let's do whatever 00:30:37.300 |
I love that third tip because, uh, it's almost like, you know, come up with a plan. 00:30:42.060 |
You could even talk to the person that would be your manager and be like, Hey, you know, 00:30:45.820 |
I know we're talking about salary negotiation already, but I just want to figure out like, 00:30:51.660 |
And you get them to like, buy into this is what this person's going to do. 00:30:55.420 |
And they're like, gosh, we already, we've already decided where first project, like, 00:31:04.660 |
My, my, my other piece of advice to people is the salary is a component of your compensation, 00:31:09.620 |
but there's often a lot of flexibility in other places. 00:31:12.500 |
So it's not the only place to focus on some companies, uh, you know, things like vacation 00:31:19.380 |
Some they're just based on tenure or everyone gets the same. 00:31:22.340 |
Um, some educational reimbursement is one that you can focus on. 00:31:26.180 |
Um, others, I've found companies that say, you know, we're not really willing to flex 00:31:30.380 |
on the salary and then, but I've heard from, you know, after I've worked there that they 00:31:34.760 |
are willing to flex on a signup, a signing bonus, um, you know, they are willing to flex 00:31:39.400 |
on various other aspects of compensation, like what your estimated bonuses, uh, I helped 00:31:45.440 |
He said, you know, sometimes it's like, Oh, well now I know the band for the level, but 00:31:51.980 |
Like I'm not trying to tell you how much to pay me. 00:31:53.940 |
I'm trying to tell you that I'm at the next level. 00:31:55.740 |
And they said, well, we're, we're not confident you're at that level. 00:31:59.900 |
How about we have a check-in in six months and you tell me what I need to demonstrate. 00:32:06.060 |
And if I will, would you retroactively update my compensation? 00:32:10.020 |
As if I came in at that level, you're not willing to believe I'm there now, let me prove 00:32:15.100 |
And he set out a series of things that they needed to demonstrate three months in. 00:32:19.780 |
He checked in with them and said, am I on track to demonstrate these things, which by 00:32:23.060 |
the way, genius move, uh, for this person, because it's so much easier for your manager 00:32:27.960 |
to say you're on track for something than actually getting your promotion put through 00:32:32.500 |
or getting your, you know, compensation adjusted. 00:32:35.180 |
But then when you check in six months later and you say three months ago, you said I was 00:32:39.500 |
Like we haven't had any conversation to the contrary. 00:32:41.940 |
So like, if I'm not getting this, then what, why were you telling me that? 00:32:45.980 |
So you're kind of similar to how you said, getting the buy-in before you negotiate, you're 00:32:49.340 |
getting the buy-in that you're already going to get approved for this change. 00:32:52.780 |
So I just think there's a lot of wiggle room about things, um, other than your salary. 00:32:58.540 |
And so if, if a company's not willing to flex there, go down all the other paths, it's still 00:33:08.220 |
His advice was to always just put the decision in someone else's hand and say, what, what 00:33:14.900 |
And he said 90% of the time, uh, they do what's fair and 10% of the time they don't. 00:33:19.780 |
And you know, that they're trying to kind of screw you over and maybe that's just not 00:33:23.620 |
Um, I I'm trying to think, you know, I, I always like sharing negotiation advice, even 00:33:29.180 |
Um, but you could basically say, here's all the data I've collected about what this role 00:33:34.980 |
I, I, I I'd like to be compensated fairly with this data. 00:33:41.540 |
And like force it on them to make a fair decision. 00:33:43.860 |
I feel like, you know, that that's maybe depending on the circumstance, uh, a good last tactic 00:33:48.660 |
or a starting point, but I like, and have used many times the tactic of letting someone 00:33:53.260 |
else decide what's fair and not have to throw out the number first. 00:34:01.500 |
And I want to focus on something that applies to everyone actually working at the company 00:34:09.220 |
I don't want to go through every possible thing, but there are a few things that I think 00:34:12.940 |
you might have, you know, outsized impact on the conversation about. 00:34:17.660 |
And the first one is actually about having impact in an organization, uh, and hopefully 00:34:22.780 |
a little bit about how to get promoted on the way. 00:34:25.060 |
But I know you kind of believe those two things are both similar and very different. 00:34:29.340 |
So what do you, what do you think people should be optimizing for when they're working at 00:34:34.380 |
If I had to pick one thing, I would say have impact on the company in their bottom line. 00:34:38.820 |
I think if you think about it, like, why the hell are they paying you a salary? 00:34:41.780 |
It's to have impact on their business, to help them grow faster. 00:34:46.660 |
And so if there's any one thing that you can just always come back to, if you deliver more 00:34:53.540 |
I think that's like 90% of your success at a company. 00:34:56.820 |
And there's like, people need to know about your impact. 00:34:58.740 |
You need to be working on things that matter. 00:35:00.900 |
Like you could have an impact on like a leaf at the end of the tree of the business, or 00:35:05.500 |
you could have impact on the core number one goal. 00:35:08.140 |
And that's a big difference, but I'd say if you had to pick anything, it's just, how can 00:35:13.460 |
And it's especially important for PMs who are basically marshaling the resources of 00:35:19.780 |
And the more you focus on how can our team have more impact, the better everyone on the 00:35:24.660 |
Let's pretend you just started a new company and you're like, how do you find the way you 00:35:32.060 |
I kind of think about Lord of the Rings and the Eye of Sauron. 00:35:36.660 |
If you think about like, what's the most important project to the CEO right now, I think about 00:35:42.500 |
He's looking at that, or she's looking at that, and that's going to be like so stressful 00:35:50.300 |
And then the alternative is you could be working in a shire where nobody cares what's going 00:35:55.460 |
Like you could have the most amazing product and everyone's like, that's nice, good job. 00:35:59.500 |
I would say generally you want to optimize like on average to be like, not in the Eye 00:36:07.060 |
Work on something that's really important, but not like the most important thing to the 00:36:10.340 |
company, at least for a long time, because you just get burnt out being in that thing 00:36:13.860 |
that's like the number one most important product. 00:36:16.580 |
So that's just like a general piece of advice. 00:36:18.420 |
Work on something really important, but maybe not the most important thing. 00:36:24.340 |
I've seen you write about how to get promoted effectively and that impact matters. 00:36:32.140 |
If you're like, why am I not getting promoted? 00:36:34.620 |
It usually means that you're not delivering enough impact or people don't have confidence 00:36:38.900 |
that you will deliver the impact that you need to at a higher level. 00:36:42.900 |
So if you think about working backwards from a hiring manager or the company, thinking 00:36:47.380 |
about show you promote Chris, basically you need to give them confidence that you can 00:36:51.940 |
handle more scope, more responsibility, more, more impact. 00:36:56.360 |
So how do you show that one deliver more impact? 00:37:00.300 |
Find ways to hit more ambitious goals, maybe lead a really important project, work on something 00:37:06.420 |
closer to the eye of Sauron, something higher visibility and more important, maybe help 00:37:10.620 |
the company save money or run more efficiently. 00:37:13.640 |
Just like find ways where you can show that you've done things that are really important 00:37:18.420 |
Now two is part of the idea of a promotion is people are going to give you more scope, 00:37:24.980 |
more responsibility, and again, they have to have confidence that you can handle it. 00:37:29.460 |
You take on more scope, more responsibility before you are promoted to show people, look 00:37:35.060 |
So you want to find ways to take on work, maybe your manager's doing and knock it out, 00:37:40.500 |
take on a project that someone else is doing while they're out and do it for them. 00:37:44.140 |
Pick a really ambitious project that's just going to take a year or two. 00:37:47.800 |
It's going to be really important to the company. 00:37:50.760 |
Take the reins on like a visioning exercise and just like, look at me, I did this thing. 00:37:56.100 |
So, and I think what's important here is a lot of people only get promoted after they've 00:38:03.580 |
And so you've got to look for things, you've got to find opportunities to take on more 00:38:07.600 |
Those are two, there's five more in this post that I wrote, so let me just run through them 00:38:14.060 |
Three is part of the reason you get promoted is there's this gap that your manager has 00:38:20.960 |
Like Chris needs to work on a better deadline setting or, or, uh, hiring. 00:38:27.120 |
There's usually like a gap that keeps you from the next level. 00:38:30.560 |
And it's really important that you and your manager are aligned. 00:38:33.440 |
Here's the gaps that keep you from the next level. 00:38:35.640 |
Like you shared this story about your friend, am I on track for this next level? 00:38:38.920 |
There's usually like a set of things that your manager gives you feedback on, usually 00:38:42.120 |
in your performance review, a tip that I would suggest that I found really powerful, um, 00:38:48.120 |
either as a manager or as a report is when you have a performance review, align with 00:38:54.480 |
your manager on like a spreadsheet of things that you plan to do in the next, say six months 00:38:59.760 |
until the next performance review, um, create basically a roadmap. 00:39:03.840 |
Like I'm going to work on becoming a better public speaker. 00:39:09.640 |
I'm going to update our JIRA, uh, to be up to date by the end of Fridays, make a list 00:39:15.440 |
of the things that are the biggest, uh, things you can actually do that'll bring you to the 00:39:21.480 |
And then meet with your manager slash report every month and review the status of each 00:39:26.680 |
And it becomes this little roadmap where you're aligned on here's the things say Chris is 00:39:33.000 |
So that by the time you get to the performance review, you, uh, you don't, you're unsurprised 00:39:44.240 |
So demonstrate you've addressed the gap for finding someone that can champion you. 00:39:49.740 |
That's often really powerful at a company, get someone really excited about you and can 00:39:53.800 |
champion you inside of these calibration sessions. 00:39:57.600 |
Um, five is you want to pay attention to what gets promoted at the company. 00:40:02.560 |
A lot of companies have these like gray area things that matter a lot that you may not 00:40:07.920 |
So just look at people who are getting promoted and just understand, look for things that 00:40:16.360 |
Maybe you have to be really good at communication that really matters at the company. 00:40:20.480 |
And then two more, um, something that's way underappreciated is you just need to ask to 00:40:25.680 |
Sometimes, sometimes managers don't know you want to be promoted. 00:40:28.900 |
So simplest thing you could do is just like, Hey, I would love to be promoted to the next 00:40:33.840 |
What do I need to do to get there and what are my gaps? 00:40:36.480 |
And that often leads to the biggest impact on getting promoted. 00:40:40.080 |
And then the last idea and tip is just sometimes you need to leave and work somewhere else. 00:40:44.240 |
Sometimes you're just like stuck in a rut and you just have, I don't know, certain reputation. 00:40:48.880 |
Your manager is just not good at championing you. 00:40:51.340 |
So sometimes you're not going to get promoted and it's time to try some other place where 00:40:57.320 |
I remember it was so depressing, but, uh, when I was a venture capitalist, the role 00:41:02.280 |
of like, I guess, non general partner, we were told it was like, this is a terminal 00:41:10.240 |
They're like the expectation for this job is not that you will get promoted to be a 00:41:22.760 |
I think it was a little depressing at times because the word terminal position just sounds 00:41:25.920 |
like, you know, going nowhere, but I appreciate the honesty. 00:41:30.960 |
The one thing that I learned and you, you reminded me in what you said was a lot of 00:41:35.600 |
times in order to get promoted, you don't need to meet the expectations of your role. 00:41:40.020 |
You need to demonstrate that you can handle the next role. 00:41:42.840 |
And I think I'd always thought, you know, as someone who hasn't studied this or been 00:41:46.560 |
a prolific manager at any point in time, I always thought, Oh, when someone could do 00:41:50.360 |
their job really well, you move to the next level. 00:41:52.800 |
But it's actually in a lot of companies, it's when someone could demonstrate that they can 00:41:56.280 |
do the job that they want to get promoted to is when that happens. 00:42:00.760 |
And so it's really important to understand what do I need to, if I'm a level five manager 00:42:05.220 |
and I want to be a level six director, it's like, what do I need to demonstrate to be 00:42:13.120 |
Because sometimes you need to do the next level's job to get the promotion. 00:42:18.240 |
When you're looking at someone's level, there's like a lot of big companies have these ladders 00:42:22.540 |
and they tell you what each level needs to achieve. 00:42:25.640 |
And so if someone's going to be promoted to say L seven, there's like, here's what L seven 00:42:32.880 |
Look at is Chris ready for all these things in L seven. 00:42:36.880 |
Like your job is going to now be that you want to be confident that they can handle 00:42:41.120 |
And if that ladder is not public, ask for it. 00:42:43.560 |
There are some companies that might not publish it on any internal doc, but you could say, 00:42:46.680 |
Hey, my boss, could you please show me the career ladder for my role or could the requirements 00:42:53.120 |
And hopefully you can get that and understand it so you can work towards it. 00:42:57.200 |
Yeah, I've actually, I've actually collected the career ladders at 20 something companies. 00:43:02.640 |
And I have this doc that we'll link to in the show notes that has all their level names 00:43:05.800 |
and then the attributes that they live for product managers specifically that they look 00:43:13.480 |
One of the things I tell people is they think that to be promoted, that that strategy is 00:43:18.600 |
to always kind of do whatever your boss wants and never push back. 00:43:22.600 |
And you know, I am someone who probably has never adhered to that, maybe to my own demise 00:43:29.700 |
What do you think is the right balance of, you know, saying no? 00:43:33.720 |
And what's the value of saying no, as opposed to kind of always being willing to do what 00:43:39.560 |
As a PM and just as a leader in general, like you're the person that needs to say no, because 00:43:46.080 |
And I'm thinking from a PM perspective, product manager perspective, you're kind of responsible 00:43:53.240 |
And so part of your like, you could almost say your job is to say no so that you can 00:43:57.200 |
say yes to the stuff that is really important. 00:43:58.880 |
So it's really important to say no to push back. 00:44:02.080 |
It's still very hard, especially if your manager is like, hey, we need to do these things. 00:44:07.080 |
So I wrote this post with, I think, five ways you can say no that and many of them are you 00:44:15.240 |
So I'll share some of these quotes that you can steal. 00:44:20.620 |
So the first two is someone asked you to do something. 00:44:23.560 |
You could say yes, but here's what's going to have to change. 00:44:30.680 |
And oftentimes they're like, yes, let's go ahead. 00:44:32.360 |
Or otherwise they're like, no, shoot, I don't want to, I don't want to deprioritize that. 00:44:39.640 |
Two is you could say yes, but not right now because we got to stay focused on X because 00:44:49.860 |
So that often works really well because it basically communicates, again, here's like 00:44:53.800 |
a very clear trade off and why it's important. 00:44:57.440 |
Another way you could say no is no, but how about we do X, Y, Z instead of that? 00:45:05.560 |
Basically, this is when you have a better idea, but you want to communicate here's something 00:45:10.600 |
we could basically do exactly what you want, but here's a better approach to doing that. 00:45:14.680 |
Another way you could say no is no, but there's something there. 00:45:20.640 |
How about we explore this a little bit further? 00:45:26.280 |
And then the fifth way you could approach is just like, no, I don't think this is a 00:45:35.420 |
So first off, I wish I had read this post earlier in my career because I was like, no, 00:45:42.920 |
I was never good at, you know, politics is the wrong word, but I was never good at a 00:45:50.200 |
And one of the tactics I shared when we spoke on your show was that like, I was so confrontational 00:45:55.840 |
about things because I was so used to working at a company that I started where everyone 00:46:01.400 |
always knew that obviously I was always optimizing for the company because like it didn't matter. 00:46:07.180 |
And then I joined a company where I wasn't in charge and, and you know, it turns out 00:46:11.320 |
that in big companies, there are a lot of people who are optimizing for themselves way 00:46:16.760 |
I was like, everyone's got it optimized for the company. 00:46:20.320 |
That's how I lived in my last companies that I've run. 00:46:23.200 |
And so a tactic that helped me when I was pushing back on people, colleagues, bosses, 00:46:28.600 |
is just always making sure that I told people, Hey, I'm thinking about this from the perspective 00:46:34.600 |
of trying to maximize the impact from the company. 00:46:38.600 |
And because sometimes I'd say, Oh, well that we shouldn't do that. 00:46:42.200 |
And people would be like, Oh, well you just don't want to do more work or you want to 00:46:44.360 |
focus on this thing you're more excited about. 00:46:46.280 |
And that wasn't true, but the more I just transparently said, here's how I'm thinking 00:46:54.160 |
And so just stating your intent before you push back. 00:46:59.960 |
It was very helpful for me and hopefully helpful for some others. 00:47:05.200 |
Like people are going to read our mind and know exactly why we think no, or why we're 00:47:10.000 |
And it turns out people cannot read your mind real quick before we, we talk about what happens 00:47:15.400 |
when you move on from a job, you know, part of getting things done as being productive. 00:47:22.280 |
We don't have to go super deep because I've done a few episodes, but any few tactics you 00:47:26.080 |
want to pull out on how you manage your time and get a lot done and be effective with your 00:47:33.320 |
And it's especially important in this world of writing and podcasting full time. 00:47:37.520 |
I'll share a few things that worked really well when I was working full time and I don't 00:47:41.760 |
think anything will be revolutionary, but, but these things really work for me at least. 00:47:45.960 |
One is I blocked three hours on Monday, Wednesdays and Fridays on my calendar. 00:47:51.640 |
And I had, I called the meeting, do not book or I will slap you. 00:47:56.740 |
And it made people laugh, but it really worked really well. 00:48:03.320 |
And so find some like funny way to have a block where people know, okay, I see he's 00:48:09.240 |
Let me leave him alone because I'm sure you've talked about deep work and the importance 00:48:14.720 |
But I find that that's so important for creative work. 00:48:18.660 |
In my new life of newsletter or podcast person, I, uh, I have no meetings until 3:00 PM. 00:48:25.040 |
And only at three, I have meetings and things like this. 00:48:27.280 |
So that helps them too is just what's like an app or something that keeps you focused 00:48:36.160 |
That's kind of like brain FM, which is this like binaural beat music meets a to do list 00:48:42.880 |
So once you're ready to work, click play and music starts and it's like Lenny, you're starting 00:48:47.880 |
with your newsletter posts and then you can knock them off as you're working through them. 00:48:54.480 |
Something I'm trying right now that works well is picking one highlight of the day. 00:49:00.440 |
There's this book I'm reading right now called make time. 00:49:10.200 |
What's going to be like a highlight of your day that you look back on that I did this 00:49:14.320 |
You'll feel good no matter what else happened. 00:49:18.480 |
Another tip is to have a, a waiting for list. 00:49:21.200 |
It's very like getting things done, David Allen style, where I have all these open threads 00:49:27.640 |
And I keep a list of who am I waiting for on these things so that the to do, even though 00:49:32.080 |
it's on someone else's plate, I don't lose track of. 00:49:34.600 |
And the way I do it as in my to do list, I just have W for Chris and then it's like record 00:49:42.920 |
The other interesting thing I find is procrastination. 00:49:47.320 |
I find that sometimes I procrastinate on a hard thing, but I get a lot of other smaller 00:49:52.360 |
So I like work through this list of stuff that isn't important, but I get them done 00:49:57.160 |
and there's value to just procrastinating off the thing that's like really hard because 00:50:02.480 |
So I try to channel my procrastination and get stuff done that, uh, I need to get that 00:50:09.240 |
I think about there's deep work and I don't know if you could say flow state and deeper 00:50:12.800 |
or the same thing, but I think that sometimes it just takes a little bit of momentum to 00:50:18.520 |
So it's like, ah, I got this really big, hard thing. 00:50:20.800 |
Do I want to sit down and do all this research and you know, or do I want to knock off a 00:50:27.440 |
And then I'm like, oh yeah, I'm making progress. 00:50:29.000 |
I just cleaned up this, this set of my emails. 00:50:31.640 |
I just, you know, got this one thing done and now I'm feeling really productive and 00:50:34.760 |
at least for me, once I start feeling productive, it's just so much easier to be more productive, 00:50:41.040 |
Then I find myself like, oh, I just wish I could work longer. 00:50:48.760 |
I won't share too many of mine because I've done an episode with Ali Abdaal on productivity 00:50:52.560 |
on with Cal Newport on deep work and, uh, with Laura Vanderkam on time management. 00:50:57.440 |
So if you're new here, there's a lot in the archives to go check out. 00:51:01.480 |
So go check those out, but let's talk about moving on because, you know, you said, uh, 00:51:07.000 |
You're no longer a full time employee with a company you're doing on your own. 00:51:14.960 |
Um, and, and did you ever think about ways to test out, uh, going out on your own before 00:51:24.000 |
So, uh, maybe, maybe start with, uh, how did you even kind of decide maybe I should move 00:51:30.760 |
If you look at my resume, I'm like a serial monogamist of career. 00:51:34.640 |
I worked at my first company for nine years, then at a startup, that was the short stint 00:51:39.400 |
year and a half, and then worked at Airbnb for seven years. 00:51:43.120 |
And uh, I, like, I never thought I'd stay there that long. 00:51:46.360 |
They bought our startup and I'm like, oh, I'm going to be out of here in three years 00:51:54.400 |
And along the way, I thought about leaving, but it never felt like it was time. 00:51:58.720 |
There's always reasons to keep working there and try new stuff. 00:52:03.000 |
Um, and the way that it happened that I left is I took a sabbatical, uh, they gave me a 00:52:09.920 |
So I took three months off, uh, right around when I was reaching seven years and about 00:52:14.900 |
halfway through, I remember just opening my email for the first time. 00:52:19.240 |
So a month and a half in the work email, just to see what was going on. 00:52:23.440 |
And I just had this like, heart sinking feeling where I'm like, I don't care about this at 00:52:31.880 |
And I just, I don't want to think about any of this ever again. 00:52:35.680 |
And so that was kind of an important moment where I was like, wow, maybe, maybe I'm not 00:52:41.560 |
I still came back to Airbnb after that and kind of wanted to feel out, am I ready for 00:52:47.480 |
some new, like, am I, am I, is there like a new team? 00:52:52.520 |
Maybe I could work on a new project that would get me excited. 00:52:55.520 |
But basically the way it felt as I got there and I immediately felt like my heart was done 00:53:00.180 |
with that work, but my brain wasn't ready to move on. 00:53:02.800 |
It was like, maybe there's something more interesting. 00:53:05.360 |
Maybe there's something else I could work on. 00:53:06.360 |
So it took a month basically to think about and talk to people about other roles, other 00:53:12.520 |
But I'd say at the end of the month, it was like, nope, nothing that gets me very excited. 00:53:20.480 |
It's like very fortunate to be able to have that feeling of like, I can leave and things 00:53:24.760 |
aren't going to, I'm not going to go bankrupt and live on the street. 00:53:27.760 |
So it's a really, I'm grateful that I have the opportunity to even have thought that, 00:53:34.840 |
And so what I decided to do is I'm going to leave Airbnb and I'm going to give myself 00:53:38.160 |
six months to think about what I want to do next. 00:53:43.240 |
When you're thinking about something like this is to figure out a personal runway of 00:53:47.240 |
like how much it's going to cost you to take six months off and just budget that like it's 00:53:51.080 |
going to be $30,000, take six months off to pay all the things I'm paying. 00:53:56.840 |
And just knowing that number ahead of time gives you so much less stress knowing I'm 00:54:01.400 |
like burning through money as I'm not working, but I've already accounted for that. 00:54:04.760 |
And it's like maybe sitting in a bank account somewhere and that gives you more freedom 00:54:08.480 |
to just explore and not have to worry about, oh my God, I need to find something as soon 00:54:13.040 |
And I'll just highlight the importance of actually putting it in an account. 00:54:17.240 |
It's one thing to be like, well, I know I have enough savings to take time off. 00:54:20.560 |
And this is something that I'm actively thinking about now that I'm grading this business on 00:54:31.600 |
I think it has even more it because a lot of it's emotional. 00:54:37.080 |
It's like, gosh, I don't have a salary coming in. 00:54:39.640 |
I almost went as far as to take the salary, put it in a bank account and automate the 00:54:45.480 |
So it like simulated as if I was getting my paycheck so that I felt like it was not as 00:54:53.140 |
The other thing that I found really powerful during this time, in addition to the personal 00:54:57.480 |
runway is there's so little structure when you aren't working. 00:55:01.340 |
Like I worked for, I think 19 years in our, since like, you know, 18 years old and I never 00:55:07.640 |
take a break and it's so weird to not have structure in your life. 00:55:11.100 |
That's like, there's deadlines, there's no deadlines. 00:55:13.920 |
There's no like, I need to achieve this thing by then. 00:55:21.880 |
Like it feels like it shouldn't be, but it really is. 00:55:24.200 |
So what I created structure for myself and the way I did that is I created these little 00:55:28.320 |
sprints where every two weeks I wrote down, here's the three goals I have for the next 00:55:35.120 |
two weeks that are work goals and three personal goals. 00:55:38.080 |
And I emailed that to three friends that became kind of this like personal board of directors 00:55:47.000 |
I just found that just emailing them, here's what I'm trying to accomplish. 00:55:51.880 |
And then circling back in two weeks and sharing, here's how I did, created so much accountability 00:55:59.760 |
And I ended up doing that for a year straight. 00:56:01.320 |
Every two weeks I did a little check-in in one weekend, just to like, here's how it's 00:56:07.760 |
And that was so powerful and important to where I ended up just creating a little bit 00:56:13.200 |
And that email list ended up being like 30 people eventually, just because it became 00:56:16.260 |
a cool way to update my friends on what I was up to. 00:56:18.480 |
And just like, Hey, you want to join this list I'm doing. 00:56:21.320 |
And so that's a tip in your, if you don't have enough structure around your, your free 00:56:26.600 |
I think one thing interesting that I've thought a lot about recently is, you know, as a creator, 00:56:30.640 |
which you, you know, you left and you started, I think the first thing out of, out of Airbnb 00:56:36.880 |
I don't know what my thing is, but I love the idea of experimenting with creation. 00:56:41.760 |
And I think depending on the company you work at, you might be able to kind of experiment 00:56:47.080 |
I would encourage everyone to, you know, get it cleared to make sure that, you know, your 00:56:50.960 |
company isn't going to own whatever you're working on, you know, clear that don't do 00:56:54.920 |
it on your work computer, do it on your personal computer and all those good things. 00:56:59.080 |
But how did you start to think about, because I think, I think one thing for me that was 00:57:03.400 |
strange was I had all this knowledge about optimization, like, but I, it didn't really 00:57:07.320 |
click that it could actually be a thing that I do. 00:57:10.760 |
That could be a business that could be how I, you know, spend my days. 00:57:14.560 |
Do you have any advice for someone who hasn't quite figured that out? 00:57:17.920 |
And they're like, I would love to do that, but I don't know what my thing is, or I don't 00:57:20.680 |
know how I could test if it really is a thing. 00:57:24.880 |
One is, can you start something while you're at a company? 00:57:31.480 |
I found that like, I'm done at the end of the day, working at a full-time job, like 00:57:35.640 |
Airbnb, I'm just like, I have no brain energy left to experiment with writing awesome posts 00:57:45.200 |
And I think the advantage folks like you and I have that are doing this full-time is there's, 00:57:49.600 |
I find there's a strong correlation between quality and, and how well it does. 00:57:54.120 |
And so we just, and time, sorry, quality and time, there's a strong correlation between 00:57:58.840 |
how much time you put into something and the quality of that work. 00:58:01.840 |
And people that have a full-time job are not going to have as much time as someone like 00:58:07.840 |
And so I think it's just really hard to try something like this for real when you have 00:58:13.840 |
So don't feel weird if like, oh my God, everyone's writing all these side projects and writing 00:58:17.120 |
things and starting podcasts, like very, very hard. 00:58:20.280 |
When I started writing, like I hadn't really written anything public in my life before 00:58:25.740 |
I started this newsletter, just experiment with it. 00:58:28.920 |
And to segue to the second question is like, how did I discover this path? 00:58:32.580 |
I just had like stuff I wanted to get out of my head when I left Airbnb, just to make 00:58:36.280 |
sure I don't forget it in case I start another company. 00:58:39.120 |
And so I just started, I wrote a Medium post, it did shockingly well. 00:58:44.440 |
And then just kind of in the sprint goal thing that I talked about, I just had like every 00:58:48.440 |
sprint just like write one more post, see how that goes. 00:58:50.800 |
So I just kept along that path and the whole time I was like, why am I doing this? 00:58:54.920 |
I thought I was going to start a company, like why am I spending time writing? 00:59:01.960 |
Time invested, my wife's like, what are you doing writing? 00:59:04.080 |
You're not a writer, I thought you wanted to start a company, why don't you spending 00:59:09.960 |
And I had this really important conversation with a friend who pointed out, okay, you really 00:59:14.840 |
enjoy this thing, people seem to value it, that's like very rare, you found like some 00:59:23.640 |
And even if there's no way you could ever make money with it, maybe just double down 00:59:28.680 |
And forget the startup stuff for now and just see where it goes. 00:59:32.200 |
I just started writing every week, launched a newsletter just to create a little time 00:59:35.640 |
pressure to post something once a week, and did that for nine months every week. 00:59:40.160 |
And then at that point, I'm like, huh, this is still going great, growing fast. 00:59:48.800 |
And so it was very one step at a time without any master plan. 00:59:58.640 |
Yeah, it's a number one newsletter and massive number one business newsletter on Substack. 01:00:07.280 |
It's kind of the core of my, my work and then the podcast kind of spun out of that. 01:00:12.880 |
In fact, in preparation for this interview, I was a little stressed out because I was 01:00:17.240 |
thinking, gosh, I'm leaving my job, but I really do love building products. 01:00:20.800 |
And I was like, scrolling through trying to like, look at all the posts you've written. 01:00:24.040 |
And I was like, gosh, wow, I really want to build this impactful project. 01:00:29.280 |
So you know, now I'm like, I've got to channel that energy. 01:00:33.920 |
And for everyone listening, now I'm focused on what kinds of products and experiences 01:00:37.840 |
and communities and all of the things that I build around what I've done with all the 01:00:42.520 |
It's hard to come there, but it's been it was very helpful. 01:00:47.680 |
Anything we missed in this process, we went through, you know, finding a job standing 01:00:50.960 |
out, running through, you know, working and having impact and moving on. 01:00:55.720 |
I know you've written so many great newsletters. 01:00:57.280 |
So I want to make sure we hit on something that you've thought about. 01:01:00.400 |
There's something that I thought would be good to share, which is around managing up. 01:01:04.760 |
I find that whenever I tweet about managing up, it's like the most popular tweets ever. 01:01:09.560 |
Really people really want to learn how to manage up better. 01:01:12.520 |
And there's one thing that I'll share that I found really effective, which is around 01:01:16.180 |
how to keep your manager aware of what you're up to. 01:01:19.520 |
There's a lot of value in your manager knowing what's on your mind, what's important to you 01:01:25.280 |
So something that I found to be really powerful is an email that I call the state of me email. 01:01:31.080 |
So it'd be like the state of Lenny email, I call it the subject line state of Lenny 01:01:35.640 |
and in the email and I email this to my manager every Monday or every Friday, once a week, 01:01:40.640 |
I write out, here's blockers that I need your help with 1, 2, 3. 01:01:48.280 |
And then here's what's on my mind in general, 1, 2, 3, 4, 5. 01:01:52.440 |
And then at the end, just like, let me know if there's anything that I can clarify if 01:01:56.600 |
And I found that one email created so much value because my manager knew what I was up 01:02:03.200 |
They could tell me, Hey, why are you working on that? 01:02:05.080 |
They can, they can unblock stuff that I'm blocked by, which a lot of times I don't know 01:02:10.360 |
And then generally there's stuff on your mind, like, Hey, I'm thinking about this project, 01:02:13.960 |
this person's thinking about leaving this competitors doing this thing. 01:02:18.240 |
So just that one email can make a huge dent and really simple, just like blockers, priorities, 01:02:23.400 |
what's on your mind, send your manager that once a week and honestly great things are 01:02:29.680 |
I mean, I said earlier, you don't want to be always saying yes to your manager, but 01:02:32.280 |
making your manager's life easier is certainly something that is a very valued attribute 01:02:39.800 |
So making it, making it easier for them to understand everything you're working on, making 01:02:43.160 |
it easier for them to say, I love this email idea. 01:02:46.320 |
It's like, Oh no, actually work on this, that will let you have more impact. 01:02:52.520 |
I, you know, I wish that some of these things I had taken before, but like I said, you know, 01:02:58.000 |
I didn't know where I'd be now, who knows where I'll be in 10 years. 01:03:01.240 |
And certainly many people listening will hopefully get a lot of value out of this and out of 01:03:05.320 |
the newsletter before we go, I do want to ask you, is there a place that you feel like 01:03:10.680 |
you could give some recommendations to people who might find themselves there on whether 01:03:14.880 |
it's eating activities, drinks, something to do? 01:03:18.720 |
I'm not, I'm not like the guy people go to for advice on what to do in a place, but yeah, 01:03:26.120 |
I live in Marin, California, which is North of San Francisco. 01:03:30.080 |
And so here's a little, there's a little agenda. 01:03:32.200 |
If you can want to come to Marin, I'd say stay at this hotel called Cavallo Point Lodge. 01:03:40.320 |
Then go take a little walk around Sausalito along the water. 01:03:43.280 |
There's this boardwalk that goes along the water. 01:03:48.120 |
There's like these piers with these beautiful seafood restaurants. 01:03:51.680 |
Then take a drive to San Francisco across the Yule game bridge. 01:03:55.600 |
There's this art piece called the wood line in the Presidio that is this like curvy piece 01:04:00.040 |
of wood that you could walk along amongst these huge eucalyptus trees. 01:04:05.600 |
Then you can go to say Fillmore Street or Chestnut in the Marina and get a coffee, buy 01:04:13.600 |
some nice fancy things in some of the nice stores. 01:04:17.080 |
Then I'd say drive back to Marin and maybe to Fairfax, which is further North, rent a 01:04:24.720 |
Mountain biking was invented in Fairfax and there's this huge mountain, Mount Ham, there's 01:04:31.580 |
So maybe spend a few hours hiking around Mount Ham, sorry, biking around Mount Ham. 01:04:36.080 |
Then have dinner in Fairfax or there's another cute little town, San Anselmo, and then head 01:04:41.720 |
home to your little, your cute little hotel in Sausalito. 01:04:44.240 |
If you're in Sausalito, I'll throw out a recommendation for a place called Fish, which 01:04:49.320 |
is just like a seafood restaurant on the water. 01:04:53.440 |
It meets the requirement of being Bay Area expensive, but also delicious. 01:05:00.280 |
I don't know if you've been to the Mill Valley Lumber Yard. 01:05:07.000 |
Someone was like, "Can we meet at this bakery in Mill Valley?" 01:05:09.200 |
I showed up and I was like, "This is literally like this quintessential cute little shops 01:05:14.660 |
and a little flower store and a bakery and a little creperie." 01:05:18.560 |
If you need a place to just relax for an hour and a half or two, I highly recommend that 01:05:24.720 |
I have not spent much time in Marin, but that place was just an awesome spot. 01:05:31.960 |
The bakery is called Flower Craft and it's gluten-free, all gluten-free. 01:05:35.000 |
My wife's got celiac and so it's her favorite place. 01:05:38.920 |
Well, before we wrap, where can people go find all of these great newsletters, all the 01:05:43.560 |
conversations you're having with people, myself included, which depending on whether this 01:05:48.600 |
comes out at the same time, we had a great conversation over there. 01:05:52.280 |
The hub of all things I do is lennysnewsletter.com. 01:05:57.760 |
It's designed for anyone that's building product, growing product, mostly product managers, 01:06:02.840 |
founders, designers, engineers, anyone basically working on software. 01:06:08.720 |
Just check out lennyspodcast.com, the newer thing, but doing super well and I'm really 01:06:20.640 |
One of my friends when I was in high school, just called me Lenny San for some unknown 01:06:26.400 |
I didn't know I was going to be stuck with that username for the rest of my life, but