5 • 1.5K Ratings
🗓️ 11 July 2022
⏱️ 59 minutes
🧾️ Download transcript
Merci Grace has been a founder, an investor (at Lightspeed Ventures), head of product and growth (at Slack), and is now a founder again (Panobi). She’s also one of the co-founders of Women in Product, and Fast Company named her one of the Most Creative People in 2017.
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Thank you to our wonderful sponsors for making this episode possible:
• Dovetail: https://dovetailapp.com/lenny
• Mixpanel: https://mixpanel.com/startups
• Whimsical: https://whimsical.com/lenny
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In this episode, we cover:
[3:41] Merci’s path to Head of Product and Growth at Slack
[4:42] What Merci learned from being a VC that helps her be a better founder
[6:50] How to tell a compelling story
[9:43] What most people don’t know about Slack
[10:27] Why Slack hasn’t created a consumer/social product
[15:14] How Slack innovated the PLG motion
[17:14] Slack’s early growth strategy
[19:57] Slack’s activation point
[22:10] Why it’s important to find connectors within a company
[26:40] Lessons from optimizing Slack’s onboarding flow
[32:12] Most common mistakes in going PLG
[35:56] Signs you can go PLG
[38:10] PLG vs. bottom-up
[40:23] Importance of day-zero value in your tool
[42:17] When to bring in your first salesperson
[44:47] How to hire amazing people
[50:21] Storytelling and Slack’s culture
[51:04] How and when to build a growth team
[52:08] How to build a more diverse team
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Where to find Merci:
• Panobi: https://panobi.com/
• LinkedIn: https://www.linkedin.com/in/merci/
• Twitter: https://twitter.com/merci
• Website: https://mercigrace.co/
• Women in Product: https://www.womenpm.org/
Click on a timestamp to play from that location
0:00.0 | Mercy Grace has been a founder and investor, head of growth at Slack and now a founder again. |
0:09.0 | She's also one of the co-founders of Women and Product, which if you listen to this podcast you know I'm a huge fan of. |
0:15.6 | In our conversation, we cover what she's learned from her time helping Slack build a product team |
0:20.5 | and figure out growth, how Slack innovated the concept of product-like growth |
0:24.3 | and scale it to become one of the biggest B-to-B companies in the world. The most common |
0:28.6 | mistakes companies make when going product-led, signs you can and should-go should go product lead, when to hire your first |
0:34.8 | had a growth and what to look for, a bunch of advice on hiring, something Mercy is incredibly good at, |
0:40.7 | and so much more. I hope that you enjoy this episode with Mercy Grace. |
0:49.4 | So many product managers are basically treated like project managers. They get higher thinking |
0:54.0 | they'll be deep in product strategy, vision, and getting to another customers, |
0:57.8 | only to wind up organizing other people's work and refining backlogs and |
1:01.4 | organizing tiny, tiny features. |
1:04.0 | If that sounds familiar, you need dovetail. |
1:07.0 | Because dovetail gets that the true heart of product management |
1:10.4 | is understanding what customers want, why they want it, and how to give it to them. |
1:15.0 | That's why Dovetail build a suite of user research products that help you get to the core of what your customers really want and why they want it. |
1:22.8 | Dufftail offers powerful analysis tools to help you identify themes, patterns, and insights |
1:27.7 | in your customer interviews, allowing you to make better data-informed decisions about |
1:32.4 | what solutions you should build next. |
1:34.6 | Organizations the world over, like Atlassian, Canva, Data Dog, GetLab, Neels at Norman Group, |
1:40.9 | sketch, Deloitte, all use Dovetail to get a better understanding of their |
1:45.0 | customers and build better products. |
... |
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