Product building principles


1. First rule of fishing is to know where to fish
- Is the target market opportunity reasonably large, growing and underserved?
- What matters to the business? What is the strategy to get there?
- What are the biggest opportunities and most pressing problems to be working on?

2. A well-understood problem (and user) is half the solution
- Who is the user(s)? What is the job to be done? Why does this matter to the user/persona and how much? Is it an aspirin or a vitamin?
- What's their hiring criteria and which ones are important? Where and does this job fit into their lives? How do they solve the problem today?
- Do plenty of user research - ask them to describe their problems, ask questions, show mocks, watch them using the prototypes/products

3. Grand vision, simple steps
- What is the 5 star experience? What will your press release say? How will users describe it? What are the key metrics?
- Lay out the roadmap towards this vision
- What is the next step (for new products, MVP)? How can we do this in 1/2 the time? What can make this 2X better?

4. If you build a great product and no one uses it, did you build a great product?
- How will you acquire your first 10, 100, 1000, 10,000, 1M users? Think about this upfront and then try to do it even before building a product
- Before you scale number of users, improve retention and engagement

5. Ideas are cheap. Execution is everything 
- Assemble the right team
- Prototype for 1X -> Build for 10X -> Engineer for 100X
- Get regular feedback from real users
- Focus on a few things and do them well. Deliver in small, complete and testable chunks
- Have a recurring planning hygiene where you set clear milestones, set ownership, track tasks and look back
- Invest in your tools, process and technical infrastructure to keep your velocity high.

6. Reflect and be open to changing course
- What are the results and customers telling you?
- What could we have done better?
- Update the vision, roadmap and next steps as you see fit

7. Take care of your users and product 
- Hold yourself to a minimum quality standard that you are proud of
- Fix annoying bugs and broken experiences 
- Assist users when they have a problem 

8. Product building is a team sport
- Optimistic, high ownership, collaborative, low-ego and respectful team
- Everyone understands the why, the what and portions of the how that's relevant to them.
- Clear responsibilities and accountability, but with shared goals and supportive team
- Value company and team success over personal success

9. Your product is a reflection of YOU
- AttitudeOptimistic, high energy, high agency, low-ego 
- Bar raiser: Strive for high quality, be organized, collaborative
- Always learning: Be curious, sharpen your skills

Popular posts from this blog

Part 1: Paul Graham, Mark Zuckerberg, and Sam Altman discuss principles for coming up with startup ideas (GPT generated)

Elon's goals and answer to the most fundamental question

The Four Roots of Unhappiness and Worry

Air - an inspirational movie about how to make things happen