LLenny's Podcast
← All frameworks
StrategyDeb Liu (CEO of Ancestry, ex-Facebook, PayPal, eBay)

PM Your Career Like You PM Your Product

Write a spec for your career: destination, metrics, milestones, and a measuring stick for every offer.

Difficulty
Easy
Time to result
~months to results
Steps
5
Confidence
95%

Deb Liu's observation is that the best product managers apply rigor to products and nothing to themselves — no spec, no metrics, no roadmap — so they drift from role to role reactively. The fix is to treat your career as the product: define a five-year destination, name the skills and milestones that are its 'features', and set success metrics. The destination then becomes a measuring stick you apply to serially-arriving job offers, which never present themselves side-by-side for comparison.

Origin

Deb Liu's blog post 'You're in control of your career', formalized after a career she describes as almost entirely accidental — falling into PM at PayPal, into corporate strategy after maternity leave, into Facebook product marketing via a friend's call. She names hindsight bias explicitly: her drift worked out, but it works out for very few, and she argues she'd have gone further with intentionality.

Core principles

  • 01If you don't know your destination, that is exactly where you'll end up: nowhere in particular.
  • 02Job opportunities arrive serially, not in parallel — you can't compare them the way you compare college offers, so you need a pre-set standard.
  • 03A career plan is a direction, not a grip — aim, don't grasp.
  • 04Intentionality beats luck; hindsight bias makes accidental careers look like plans.
  • 05You already know how to do this — you do it for your product every quarter.

How to run it

  1. 1

    Name the destination

    Answer the question Liu asks every person she coaches: where do you want to see yourself in five years? Half of people have no answer. The answer can be a role, a company, a board seat, a craft — but it must be nameable.

    Pro tip It's allowed to be directional rather than precise: 'I want to be on boards', 'I want to start a company'. Push the cart in a direction rather than gripping a specific outcome.

  2. 2

    Write the spec

    Convert the destination into a product spec: what are the features of this career (skills, scope, domains), what are the milestones, and what does success look like. Same artifact you'd write for a product launch, aimed at yourself.

  3. 3

    Set career metrics

    Define how you will measure progress. Liu's core indictment is that PMs have metrics for products and none for their careers. Pick metrics you can actually check against — scope owned, skills mastered, distance to the named destination.

  4. 4

    Break the destination into first steps

    Work backwards from the endpoint to the step you can take today. Liu did this with a founder who wanted a Fortune 100 board seat: told her it would take roughly ten years, showed her who was already on the board, introduced her to one of them, and broke the path into stages — like the sequence of school before Harvard.

    Pro tip Ask someone already at the destination to describe the path. It compresses years of guessing.

  5. 5

    Use the plan as a measuring stick on every offer

    When an offer arrives with a two-week fuse and pressure to say yes, run it through one question: does this get me closer to or further from the destination? This converts serial, pressured decisions into decisions measured against a long-term goal.

    Pro tip Do this work before the offer arrives — you typically get days, not weeks, to decide.

    Watch out Without a pre-set standard you will decide on adjacent factors — comp, prestige, who called you — and call it strategy afterwards.

In the wild

The accidental career (the anti-example)

Liu fell into PM at PayPal because a recruiter had two open reqs and product sounded better than marketing. She was handed a director role two years out of business school, took maternity leave, couldn't displace her successor, drifted into corporate strategy, got bored, resigned to stay home, was talked out of it by a VP who found her an eBay role a week later, then joined Facebook because an old engineering manager called during her second maternity leave.

The path reads as a dream career in hindsight, but Liu says it had 'almost zero intentionality' — she was extremely lucky, and most people aren't. This is the case for the framework, not against it.

The founder who wanted a Fortune 100 board seat

A former colleague, now a successful founder, told Liu she wanted to join a specific Fortune 100 board. Liu told her it would likely take ten years given who currently sat on the board, offered an introduction to a sitting director who could describe the path, and broke it into staged steps rather than dismissing the goal.

The founder is on the path, taking the first step today, and told Liu she'd be happier having made the journey even if she never arrives. Knowing the destination reshaped every intermediate choice.

Common mistakes

Loving the craft of product and neglecting the craft of career

Liu: a lot of the greatest PMs are the worst PMs for their careers. They run customer research, timelines and metrics for the product, then evaluate 'should I take this role or that role' on vibes.

Waiting for the offer to start thinking

Offers come with three-day or two-week deadlines and pressure. The thinking has to be done in advance, or the deadline does the deciding.

Confusing plan with grasping

Liu (via Lenny's meditation-retreat analogy she endorses) is not asking for a rigid ladder. Over-gripping a specific outcome is its own failure mode; a direction plus a measuring stick is enough.

Is it for you?

Best for

Mid-career product managers, designers and engineers who keep taking roles reactively because someone called them, and who have never written down where they want to be in five years.

Not ideal for

Very early-career people still discovering what they're good at, where deliberate optionality and exposure may beat a premature destination.

From the transcript

a lot of the greatest PMS are the worst PMS for their careers

24:00

you actually have metrics for your product and yet you don't have metrics for your career

24:30

if you aren't sure what your destination is that's definitely where you're going to end up

30:00

having a a measuring stick is this getting me closer or further away from where I go

30:30

From the episode

Succeeding as an introvert, building zero-to-one, and why you should PM your career like you PM your product

Deb Liu (CEO of Ancestry, ex-Facebook, PayPal, eBay)