- Product Tapas
- Posts
- Figma’s First Draft Reboot, Microsoft Powers AI with Nuclear, Duolingo Adds Adventure
Figma’s First Draft Reboot, Microsoft Powers AI with Nuclear, Duolingo Adds Adventure
Plus: Dealing with Impostor Syndrome, Mapping Growth Levers, SAAS Pricing Breakdown
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We track Product so you don't have to. Top Podcasts summarised, the latest AI tools, plus research and news in a 5 min digest.
Hey Product fans!
Welcome to this week’s 🌮 Product Tapas.
If you’ve been forwarded this or just fancy the best reading (and listening!) experience, check out the mobile app or web version. You can sign up and check previous editions here.
What’s sizzling this week? 🧑🍳
This week’s roundup is stacked full of surprises as usual. The news highlight of the week has to be the story of Google spending $2.7 billion to bring back a top AI researcher 🤯.
Check below for all the news and time saving tools roundup (best time saver is Mecco, that makes your newsletters more readable (how meta)).
🍔 Blog Bites - This week’s essential reads for product teams, includes a deep dive into Sonos’ disastrous app launch and insights on pricing strategies for subscription products. Plus, a candid article on imposter syndrome from Toni De Santos that’ll resonate with product leaders everywhere.
🎙️ Pod Shots - This week’s Pod review is super practical. Learn how to unlock startup growth with Matt Lerner’s growth lever framework. This latest First Round Review podcast has tons of actionable advice for founders and product managers, including how to map your customer journey and identify the levers that drive 90% of your results.
Plenty to get stuck into - off we go! 🚀👇
📰 Not boring
Qualcomm approached Intel about a takeover in recent days
Microsoft taps Three Mile Island nuclear plant to power AI
They’re also claiming its new tool can correct AI hallucinations, but experts advise caution
Apple Intelligence is now available in public beta
OpenAI rolls out Advanced Voice Mode with more voices and a new look
Duolingo brings adventure and AI to your language-learning journey
Gmail announces blue verified checkmark icons for businesses
Figma’s AI-powered app generator is back after it was pulled for copying Apple; rebranded as First Draft
Spotify releases AI playlists (generate custom playlists using prompts like “bangers all day for my Euro-roadtrip.” obvious next step for them really)
Pinterest’s new remix feature can jump-start your mood board
TikTok music is shutting down
WordPress.org bans WP Engine, blocks it from accessing its resources
13 companies from YC Demo Day 1 that are worth paying attention to
Guess the trend: AI and robotics
Most intriguing: “Data centres in space”
Meta introduces Orion, their “first true Augmented Reality glasses”
Bonus - here’s an article with an interview with Zuk where he talks about why AR glasses will replace your phone
Google paid $2.7 Billion (YES you read that correctly) to bring back an AI genius who quit in frustration
⌚️ Time-Saving Tools & GPTs
LlamaCoder: Turn your idea into an app
Locbi: Turn Google Maps reviews into BI reports
Mecco: Move your newsletters to a space built for reading and declutter your inbox in seconds
Airbyte: Open-source data integration platform designed to help you consolidate data from various sources into your data warehouses, lakes, and databases
Social Signal: scan Twitter, Reddit, and Hacker News to find relevant conversations, engage buyers, and promote your product, boost sales and save time
Magic Inspector: Automate testing in natural language; build reliable, non-breaking, automated tests without any technical knowledge
🍔 Blog Bites - Essential Reads for Product Teams
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Case Study: How Sonos Botched an App and Infuriated Its Customers
Keen readers may recall the Not Boring link about Sonons’ horrendously botched new app launch in May. Bloomberg have just done a piece digging into the details here.
TL;DR the app was released with a stack of bugs and missing features. Sonos predicts it will fall short of its annual revenue target by $200m and no new products will be launched until its fixed. The issues were caused by slashing costs and ignoring tech debt and employee warnings.
Well worth reading!
Learn: How to price your subscription product: insights and examples
Pricing a subscription product is a critical yet often underdeveloped strategy for many businesses. In this recent Mind The Product article, Yuri Berchenko, YouTube’s Product Partnerships Lead, outlines key pricing models like fixed-rate, per-user, and usage-based strategies. He stresses the importance of frequent price changes, data-driven decision-making, and tailoring pricing to customer behavior to maximise revenue and avoid leaving money on the table.
Key Takeaways:
Pricing should evolve regularly, with companies adjusting prices every 6-12 months to see significant ARPU growth.
Four common subscription pricing models: fixed-rate, per-user, usage-based, and tiered pricing. Each suits different customer types and business needs.
Per-user pricing is simple and scales easily but may result in lost revenue if users share logins.
Usage-based pricing is fairer for customers but complicates revenue forecasting.
Tiered pricing allows flexibility and upsell opportunities but avoid offering too many tiers to prevent customer confusion.
A fixed-rate model simplifies communication but risks undercharging larger customers or overcharging smaller ones.
Consider combining multiple pricing models to fit various customer segments.
Focus pricing on customer value and regularly benchmark competitors to stay competitive.
Wellbeing: How to Deal with Impostor Syndrome
I’ve recently subscribed to the Product Freelancer newsletter after one of the contributors Toni reached out for a call. His outreach was to build his fractional product network but he was also direct about dealing with imposter syndrome and how he wanted to speak with product leaders about their experience of it.
Fast forward to today and he’s written a bog post about it (not just my call, but the 100s he reached out to). I love the honesty and real-talk in his post (especially all the advice that didn’t work).
It’s a great article and even if you don’t suffer from it (a rarified bunch from what it seems) it’ll help you understand more about those in your team that do. So worth checking it out.
6 eye-opening lessons:
Everyone has impostor syndrome, even highly successful CPOs from major companies.
Learning from their experience helped me assess my real strengths.
Hearing about so many diverse offers made my skills and USP much clearer to me.
Several CPOs struggled with outreach to find clients.
I shared many tips from my experience in sales and outreach automation.
Sharing knowledge and helping others felt so rewarding.
Having those conversations brought me more confidence than any online mantra or course.
People are genuinely helpful.
Product leaders with years of experience agreed to take time to share their experience with a starting Fractional PM”
LinkedIn Marketing: 6 takeaways from posting on LinkedIn for 30 days straight
Short and sweet LinkedIn post about impact of posting on the platform. Summary below, or original message here.
TL;DR:
- 6 key learnings from posting on LinkedIn for 30 days straight -
- LinkedIn demands strong hooks due to high competition
- Post reach depends heavily on the algorithm,
- Engagement boosts impressions but doesn’t always convert to followers
- Timing seems to be less important than content quality
- Shorter posts perform best, external links may impact organic reach.
🎙️ Pod Shots - Bitesized Podcast Summaries
In the chaotic world of startups, finding growth isn’t about doing everything at once. The key lies in identifying the levers that can generate the biggest impact—quickly and efficiently. On the latest First Round Review Podcast, Matt Lerner, Founder and CEO of SYSTM, shares invaluable insights about narrowing your focus to the few strategic moves that drive real growth. It’s a great listen with practical takeaways for founders and product managers on how to find, pull, and optimise those growth levers.
He covers:
Understanding the key drivers of startup success
Applying the Growth Lever framework
Several case studies
Customer-centric growth tactics
Adapting growth levers for different business models
🚀 How to Find and Pull Startup Growth Levers
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Matt Lerner
🎙️ Listen to the full episode here
📆 Published: September 26th, 2024
🕒 Estimated Reading Time: 2 mins. Time saved: 60 mins🔥
🔍 The Locksmith Moment: Find Your Customer’s Point of Need
One of the most powerful concepts Matt discusses is the idea of the locksmith moment. This is the precise moment when customers realise they need your product—urgently.
Matt recalls a story from his time at PayPal when he saw a 24-hour locksmith sticker on his apartment gate. "If I ever need a locksmith, I’ll be right here, staring at that sticker," he thought. The question every startup needs to ask is: where are your customers when they realise they need your solution? Where do they turn? And how can you be right there when they need you the most?
Key takeaways for founders and product managers:
Identify moments when customers experience pain or frustration.
Make sure your product is discoverable when they need it most.
Be present in the places where your customers naturally turn for solutions.
🎯 Prioritise the 10% of Work That Drives 90% of Results
The harsh truth? Most startup growth doesn’t come from ticking off a long list of marketing tactics. Instead, 90% of your growth will come from just 10% of your efforts. During his time at PayPal, Matt found that a few strategic moves—like integrating with eBay and focusing on web developers—drove the majority of the company’s explosive growth.
The challenge is figuring out which few levers will move the needle for your business. Matt describes this as the process of mapping out your customer journey, pinpointing bottlenecks, and focusing on removing the biggest constraints.
Key takeaways for founders and product managers:
Focus on high-leverage activities that generate the biggest impact.
Don’t spread yourself too thin by trying to do everything at once.
Experiment quickly, and when something works, double down on it.
🛠️ Map the Customer Journey to Find Bottlenecks
Startups often rush into scaling without really understanding how customers move through their product. But according to Matt, mapping out the customer journey is essential to unlocking growth. You need to break down the entire experience into behavioural metrics—from the moment a customer first hears about your product to when they become a loyal user.
For example, Popsa, a photo book app, quadrupled its install conversion rate by simply changing its app store description from “Fast, easy photo books” to “Photo books in 5 minutes.” A small change, based on understanding what “fast” meant to customers, had a massive impact.
Key takeaways for founders and product managers:
Map your customer journey from awareness to loyalty.
Identify the biggest drop-off points in that journey.
Run experiments focused on fixing those specific bottlenecks.
🧠 Understand Customer Mindsets Using Jobs-to-Be-Done
Another powerful tool for discovering growth levers is the Jobs-to-Be-Done (JTBD) framework. People don’t buy products for the sake of it—they buy them to accomplish a specific goal. Your job is to figure out what that goal is and how well your product helps them achieve it.
Matt gives the example of a company selling remote identity verification software. Rather than focusing on features, they zoomed in on the biggest pain point their customers had in common: “I hate asking for copies of people’s passports.” This insight aligned their marketing with what customers really cared about.
Key takeaways for founders and product managers:
Focus on the outcomes your customers want to achieve, not just features.
Use interviews and user testing to uncover your customers’ true goals.
Align your messaging with what matters most to your audience.
🏗️ Test Fast, Learn Faster: Build an Experimentation Engine
One of the biggest misconceptions about growth is that it’s a one-time fix. In reality, Matt stresses the importance of building a culture of rapid experimentation. Growth teams at successful startups like Popsa run 10 experiments a week—constantly tweaking and testing to improve results.
The goal isn’t to build something perfect, but to learn what works as quickly as possible. By setting up rapid experimentation cycles, companies can find the levers that drive growth while minimising the risk of big, time-consuming failures.
Key takeaways for founders and product managers:
Set up a system for rapid, low-cost experiments.
Focus on learning quickly, rather than creating the perfect solution.
Run as many small experiments as possible to see what sticks.
🤔 Overcome the Mental Block: Your Best Growth Lever Might Be the One You’re Ignoring
Matt warns that sometimes the best growth lever is the one you’re resisting the most. Whether it’s a messaging tweak that feels “too simple” or a high-risk tactic you’ve been avoiding, growth often comes from pushing beyond what feels comfortable.
He shares an example of a startup selling to architects in Germany. They had identified the right messaging two years ago but ignored it because it seemed too basic. When they finally tested it, the result was their best sales month ever.
Key takeaways for founders and product managers:
Don’t dismiss ideas because they seem too simple or uncomfortable.
Always test potential growth levers, no matter how trivial they seem.
Your best growth strategy could be something you've overlooked or rejected.
🏆 Founder-Led Growth: Why You Shouldn’t Outsource Growth Too Early
One of the most common mistakes founders make is trying to outsource growth too early. Matt strongly believes in founder-led growth, especially in the early stages. Why? Because no one else understands your customers, product, and market as deeply as you do.
Hiring a growth expert from a larger company won’t help if you haven’t figured out your own growth levers yet. Instead, founders should be hands-on in identifying and testing growth strategies before bringing in external help.
Key takeaways for founders:
Don’t outsource growth until you deeply understand your own growth levers.
As a founder, take responsibility for the early stages of growth experimentation.
Bring in external growth help only once you’ve developed a clear, scalable strategy.
✍️ Conclusion: Growth Levers are About Focus, Experimentation, and Customer Understanding
To scale your startup, you don’t need to do everything—you just need to find the few things that work exceptionally well. By mapping out your customer journey, understanding their mindset, and running rapid experiments, you can uncover the growth levers that will take your startup to the next level. Remember, your best lever might be the one you’ve been resisting the most.
Focus on what moves the needle, and don’t be afraid to dive deep into the messiness of figuring out what works.
Want to know more quickly? Just ask the episode below [web only]👇️🤯
or if you prefer, 🎙️ Listen to the full episode here
Referenced:
Airbnb: https://www.airbnb.com/
Bold Commerce: https://boldcommerce.com/
Calm: https://www.calm.com/
Caribou: https://www.usecaribou.com/
eBay: https://www.ebay.com/
FATMAP: https://fatmap.com/
Growth Levers and How to Find Them: https://www.systm.co/growth-levers-matt-lerner-book
PayPal: https://www.paypal.com/
Peter Karpas: https://www.linkedin.com/in/peterkarpas/
Popsa: https://popsa.com/
Shopify: https://www.shopify.com/
Sonic Jobs: https://www.sonicjobs.com/
SYSTM: https://www.systm.co/
Where to find Matt Lerner:
Twitter/X: https://x.com/matthlerner
Where to find Brett Berson:
Twitter/X: https://twitter.com/brettberson
📅Timestamps:
(00:00) Intro
(03:11) The hidden truth about startup success
(05:10) Popsa's journey: A case study in growth
(07:31) Breaking down the growth lever framework
(11:30) Understanding the customer's journey
(14:14) The art of customer interviews
(18:07) Unlocking growth through customer insights
(24:23) The triple threat: Founder failure modes
(27:32) The power of founder-led growth strategies
(32:42) Unlocking growth bottlenecks
(36:40) Timing and implementation of growth strategies
(39:43) Founder red flags
(41:32) Crafting effective growth experiments
(43:14) Why customer mindset is the ultimate growth driver
(46:19) The power law of business
(48:59) Why startups don’t need paid marketing
(50:47) Growth levers for sales-driven companies
(53:43) Matt's own application of growth principles
(55:39) Growth levers in B2B sales
(57:05) Finding customer "locksmith moments"
(64:08) The mentor who shaped Matt's thinking
That’s a wrap.
As always, the journey doesn't end here!
Please share and let us know what you would like to see more or less of so we can continue to improve your Product Tapas. 🚀👋
Alastair 🍽️.
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