LLenny's Podcast
← All episodes
Maggie Crowley (Toast, Drift, Tripadvisor)05 November 2023

Mastering product strategy and growing as a PM

5Frameworks
14Insights

Frameworks in this episode

Insights & moments

The myth-busts, hot takes, explainers, and tools worth keeping.

Hot Take· 4

Hot Take10:00

Strategy Is Only 5% of the PM Job — Shippers Beat Strategists

Maggie pushes back on the idea that strategy is the core PM skill. She argues strategy is one tiny slice — maybe 5% — of the work, and that a PM who ships more, gets more reps, and creates real impact will out-perform someone with a great strategy whose work never leaves the building.

  • Strategy matters but is roughly 5% of a PM's actual work
  • The PM who ships more and gets more reps beats the one with the best strategy
  • Communication and analytical ability are basics, not what makes you great
  • If your stuff isn't getting out the door, strategy skill won't save you

you do a strategy but it's 5% of the work that you do

Maggie Crowley · 10:00

person who has a good strategy will not be as successful as the PM who ships more stuff gets more reps and has the ability…

Maggie Crowley · 10:30
#product management#strategy#shipping#career
Hot Take27:30

Carrying the Water: When in Doubt, It's Your Job

Maggie's third trait of great PMs has 'no tips and tricks — just do the work.' If you catch yourself saying 'that's not my job,' that's probably exactly what you should do. Because a PM owns the outcome, no one else is incentivized to fill the gaps — you have to hop on the sales call, do QA, write copy, whatever it takes to make the product succeed.

  • 'That's not my job' is a signal you should do the thing
  • PMs own the business result, so they must fill every gap
  • Engineers and designers can finish and hand off; PMs can't
  • Doing the unglamorous work is what makes the product succeed

if you ever find yourself saying something like that's not my job that's probably a thing you should do

Maggie Crowley · 27:30
#product management#ownership#work ethic
Hot Take58:30

Bragging About Being 'Data Driven' Is a Red Flag

Maggie's contrarian take: when a team or executive is loudly proud of being 'data driven,' it often signals they over-index on quantitative dashboards at the expense of qualitative judgment and real user research. You still need to instrument the product, but data can't tell you why things happen — and for most PMs, talking to ten users beats any dashboard.

  • Loud 'data driven' pride can mean neglect of qualitative insight
  • Dashboards tell you what is happening, never why
  • Managing via dashboard skips understanding the actual humans
  • For most products, ten user conversations beat the metrics

people who are really excited about being data driven to me that is often times a red flag for their product thinking

Maggie Crowley · 58:30

most PMS most jobs most products you're going to be better off talking to 10 users and you'll get more and better insights out of…

Maggie Crowley · 59:30
#data#user research#contrarian#product thinking
Hot Take1:01:00

Why Product Content Can Get in the Way of Real Impact

Maggie warns that polished frameworks online can trick people into thinking the framework is the point, when the point is impact. The best PMs have many frameworks, apply them situationally, and sometimes throw them all out and act on intuition. Content also boomerangs — as a published leader, people quote your old takes back at you when reality is more complicated.

  • Content must be sanitized and 'frameworkized' to be shareable
  • People start optimizing for the framework instead of impact
  • The best PMs discard frameworks when none fit the moment
  • Your own published takes get used against you as a leader

content sometimes can get in the way of the impact because you're trying to apply it and you think that the point is the framework…

Maggie Crowley · 1:01:30

the best PMS have built up so many different Frameworks and they can apply them in different ways then sometimes they throw them out

Maggie Crowley · 1:01:30
#product content#frameworks#contrarian#impact

Story· 3

Story24:00

It Took Five Years to Feel Competent — the Case for Going Deep

Maggie traces her own path — Tripadvisor rotation, a startup where she realized she had no idea what she was doing, then nearly four years at Drift — and says it took about five years to feel she truly knew the job. Staying long enough to see two or three cycles of the same product taught her more than bouncing between companies, because she saw the consequences of her own decisions.

  • Getting genuinely good at PM took roughly five years
  • Shipping a lot over time is what builds real expertise
  • Staying at Drift ~4 years let her see products through multiple cycles
  • Seeing the consequences of your decisions is rare and valuable

so that's five years until I really felt like I knew what I was doing and that's because you just it takes a long time…

Maggie Crowley · 25:30
#career#product management#tenure#growth
Story55:30

Her Worst Product: A Rewrite That Took 2.5 Years — Never Do It

Maggie's worst-ever ship: a team decided to rewrite a core, founder-written part of the product. The engineer promised six months; it took two and a half years and still wasn't done, with people rotating in and out and everyone hating it. The causes — arrogance, skipping Discovery, no one-pager, no real technical or design research. Her blunt lesson: never do a side-by-side rewrite.

  • A promised 6-month rewrite took 2.5 years and still wasn't finished
  • Root causes: arrogance, skipped Discovery, no spec, no research
  • Deciding to rewrite an existing product is itself a red flag
  • She believes a good PM must have shipped something genuinely bad and admit it

it didn't take six months it took two and a half years it still wasn't done

Maggie Crowley · 56:30

if anyone ever tells you to do a rewrite don't do it a side by side rewrite nope

Maggie Crowley · 57:30
#failure#rewrites#product management#lessons
Story1:00:00

You Can Just Do the Obviously Better Thing

Early in her career at Tripadvisor, Maggie watched VP of Product Adam Medros interrupt someone over-justifying a project with numbers and say: if it's obviously, logically better, use your good judgment and just do it. The lesson stuck — sometimes you don't need more research or a dashboard to greenlight a clearly good idea.

  • Not every decision needs a mountain of supporting data
  • When something is logically better, good judgment is enough
  • Endless number-justifying can be a stalling tactic
  • 'Just do the obviously better thing' is a card worth pulling

if it's obviously better if it's logically better use your good judgment to do that thing

Maggie Crowley · 1:00:30
#decision making#judgment#product management

Q&A· 1

Q&A31:30

How to Break Into PM — Just Get the Title Stamped Once

Asked how to break into product management, Maggie says the two most common paths are switching laterally inside a company or joining a startup — both hard. But the key unlock is getting the PM title on your resume at all: once you've had it once, hiring gets far easier, because managers screen out people who've never been a PM.

  • Two main entry paths: lateral move within a company or joining a startup
  • Hiring a first-time PM is a big lift for the manager, which is why it's rare
  • Once you have the PM title, everything downstream gets easier
  • The next screening question is always 'what have you shipped?'

if you can get someone to stamp you with the product manager role take it because to your point it's what we screen on

Maggie Crowley · 34:00
#career#breaking into pm#hiring

Tool· 2

Tool11:30

Read Your Writing Out Loud to Simplify It

A simplification trick Maggie learned from her dad in grade school: read whatever you wrote out loud. Half the time you'll immediately hear that it's too complicated or doesn't make sense, and it forces you toward the plain version of what you're trying to say.

  • Reading writing aloud exposes overcomplicated, unclear passages
  • Since much of PM work is written, this is a high-leverage habit
  • It's a simple, learnable tool rather than an innate talent

when you write something read it out loud literally just read the thing you wrote

Maggie Crowley · 11:30

half the time you'll realize it's way too complicated doesn't make sense

Maggie Crowley · 12:00
#writing#simplification#communication
Tool1:15:00

Maggie Crowley's Book Recommendations

In the lightning round, Maggie names three books she recommends most: The Presentation Secrets of Steve Jobs for improving speaking and getting distracted execs to agree, Thinking in Bets by Annie Duke (tying back to the theme of making bets), and Scaling People by Claire Hughes Johnson as a desk reference she keeps close as a manager.

  • Presentation Secrets of Steve Jobs — speaking and persuasion
  • Thinking in Bets by Annie Duke — decision-making under uncertainty
  • Scaling People by Claire Hughes Johnson — a manager's desk reference

thinking in bets by Annie Duke is the second one

Maggie Crowley · 1:15:30
#books#recommendations#management

Takeaway· 4

Takeaway12:00

Just Say the Thing — Write How You'd Explain It Out Loud

When people hand Maggie a convoluted document, she reads it, puts it down, and asks what they're trying to say — and their spoken answer is always clearer than the doc. Her advice: the sentence you'd say in conversation is the sentence you should write. Prose doesn't need to be formal; the goal is to get things done.

  • The plain spoken version is usually the correct written version
  • Documents don't need a formal, school-essay register
  • Ask 'what are you trying to say?' to find the real message

the thing that you said to me in conversation is the thing you should write it

Maggie Crowley · 12:30
#writing#communication#clarity
Takeaway08:00

Following Up on Results Is Rare — and It's How PMs Stand Out

Everyone names a metric they want to move; almost no one comes back later to report what actually happened. Maggie says that as a leader she constantly has to chase people for follow-up, so the PM who proactively returns and says 'here's what happened' stands out enormously. It's easy to do and disproportionately high value.

  • Most PMs set a target metric but never report the outcome
  • Leaders usually have to ask for follow-up — proactive PMs are rare
  • Put calendar reminders to check dashboards weeks and months out
  • Following up serves both visibility and your own learning

I can't tell you how rare that is and how many times as a leader you might have to ask for that

Maggie Crowley · 08:30
#product management#metrics#career#follow-up
Takeaway1:06:00

Writing Online Was the Best Thing She Did for Her Career

Maggie calls creating content the best thing she's done for her career. The benefits: networking and access to people she otherwise wouldn't reach, a personal brand that keeps her employable and pulls in self-selecting hires, and — her favorite — learning faster, because making content forces you to actually process and summarize what you did.

  • Content created networking and access she wouldn't have had
  • A personal brand keeps you employable and attracts aligned hires
  • Making content forces you to reflect on and process your work
  • That reflection is what made her a better product person faster

it's probably the best thing I've ever done for my career

Maggie Crowley · 1:06:00

it's helped me learn more from the work I've done than I otherwise would have been able to because in order to make content you…

Maggie Crowley · 1:07:30
#personal brand#content#career#writing
Takeaway1:09:00

How to Create Content Without Being Cringe

For people scared of seeming thirsty or cringey, Maggie's advice: accept that your first posts will be bad, and be genuinely authentic. Her podcast worked because the questions were real problems she faced in her own job. She cites an Einstein-ish line a guest shared — seek not to be successful but of value — as the right framing: share what's genuinely useful and interesting to you.

  • Your first 10-20 posts will be cringe — start anyway
  • Authenticity is non-negotiable; the content has to be real
  • Share only things you've actually done, or you'll run out fast
  • Aim to be of value, not to build a following

step one is going to be cringe like your first 10 20 however many posts are going to be bad

Maggie Crowley · 1:09:00

seek not to be successful but of value

Maggie Crowley · 1:11:00
#content creation#authenticity#personal brand