Building Substack | Sachin Monga (Substack, Facebook)

1. 0:00 – 7:11

   Sachin’s background

   1. SMSachin Monga0:00

      I really think that we're just starting into this golden era of what it might mean to be a writer on the internet. The economic model for supporting great writing on the internet has been generally pretty terrible (laughs) for like the entirety of the internet's history. And in the early days of Substack, there was a couple of these glimmers of hope where you'd have people like Matt Taibbi or Bill Bishop, some of the early writers on Substack that were really well-established writers who were clearly just being undervalued and now could come to Substack and, and see their true value. And that was awesome. That was really cool to see. But in the last year or so, even in the last few months, I think there's been so many really interesting success stories now from writers who you might not even consider themself writers, people who are able to make a living, maybe even make a fortune just doing great work and not needing to have millions and millions of viewers or play the sort of attention games of other networks, but just do really high-quality work and have a relatively small number of people value it highly enough to pay for it.

   2. LRLenny Rachitsky1:07

      Welcome to Lenny's Podcast. I'm Lenny, and my goal here is to help you get better at the craft of building and growing products. Today my guest is Sachin Manga, who is currently the head of product at Substack. Before Substack, he had a startup called Cocoon that he sold to Substack. And before that, he spent over seven years at Facebook working on the video and camera products, building out the developer platform, and leading the ads growth team. In our conversation, we dig into all things Substack: what it's like to build product at Substack, how different it is to work at a startup versus a big company like Facebook, the future of the Substack product. We also spent a lot of time on what I venture to say will go down in history as one of the most legendary growth features ever created, the Substack recommendations feature. Substack as a product and a company has changed my life and allowed me to do the work that I do now, and it was such a treat to be able to chat with Sachin. I hope that you find this conversation as interesting as I did. With that, I bring you Sachin Manga. Who has an opinion on internal tools? Internal tools are something you probably don't think about until you have to, or it probably didn't even occur to you to think about them. But if you work at a big company, you probably have a bunch of one-off custom apps or dashboards that are laser-focused on just one job to be done for one specific team or just one role, and they're always such a huge pain to build and maintain. And that's why I'm such a big fan of Retool and why I think Retool is so popular. Retool allows teams as small as just one person to build a suite of custom internal apps in a fraction of the time that you think it takes. The productivity gains of custom apps is now within reach not just for large enterprises but for small teams as well. And as you scale your company, Retool scales with you. Snowflake saves about 26 hours a week of manual spreadsheet work with custom internal apps built on Retool. Amazon uses Retool to handle GDPR requests. Thousands of teams at companies like Coinbase, DoorDash and NBC collaborate around custom-built Retool apps to operate with greater efficiency. Maybe you've thought about using Retool before but just haven't, and I'm here to tell you that now teams of up to five can build unlimited Retool apps for free. Get started today at retool.com/lenny. Do you want to reduce friction in your onboarding flow? Then let me tell you about Stytch, and that's Stytch with a Y. Stytch is on a mission to eliminate friction from the internet. They're starting by making user authentication and onboarding more seamless and more secure. They offer super flexible, out-of-the-box authentication solutions for companies of all sizes. From email magic links to SMS passcodes, one-tap social logins to even biometrics, Stytch is your all-in-one platform for authentication. Stytch customers have been able to increase conversion by over 60% after spending just one day integrating. And with their API and SDKs, you can improve user conversion and retention and security all while saving valuable engineering time. Your engineers will come and thank you for using Stytch because Stytch keeps you from having to build authentication in-house and the integration process is super fast and super smooth. To get $1,000 in free credits, just go to stytch.com/lenny to sign up. And that's Stytch with a Y. Sachin, welcome to the podcast.

   3. SMSachin Monga4:36

      Thanks for having me.

   4. LRLenny Rachitsky4:37

      I'm actually really excited to have you on. I've told you this before, I've told the founders before, Substack has changed my life in so many ways. There's no way that I would be doing what I'm doing now if not for Substack and just, like, the magical combination of features that y'all built. And I'm also just really curious about how y'all build the platform, where it's going, how it all works behind the scenes. And so yeah, thank you for being here.

   5. SMSachin Monga5:01

      I'm so happy to be here, and that's so great to hear.

   6. LRLenny Rachitsky5:03

      Just to set a little context for folks, can you just talk about how you got to Substack? You currently had a product at Substack. What was kind of that journey to Substack?

   7. SMSachin Monga5:12

      Well, I joined Substack around a year ago now exactly through an acquisition. I'd started a company called Cocoon about three years prior to that with my good friend Alex Cornell. And Cocoon is not like Substack (laughs) . It was a... essentially, like, a little photo sharing app for close friends and family. But there, there is a common thread which led us to Substack, which was prior to starting Cocoon, Alex and I had both worked at Facebook for a number of years and had worked on effectively the same problem of helping people share more with their friends and family, and had all these ide- ideas for what an idealized experience might look like, and just kept running into the wall that you run into when ultimately advertising is the business model that is powering this whole thing. And what that means is you need to accumulate a lot of time spent and attention and convert that into ad-... basically sellable eyeballs. But it's not that hard to imagine what, like, a better solution would be. It's just that ads as the business model made it really hard to pull that off. And so, Cocoon was, in a lot of ways, like, a journey to explore what that might look like for this one particular use case of just, like, helping you feel close to a handful of people. We always looked up to Substack as a really good example of basically that same principle, which is if you imagine rewiring the internet around paid subscriptions, direct subscriptions between, in Substack's case, readers and writers, what could that unlock, and could it unlock a clearly better user experience? And I think, yeah, we looked at Substack as a real inspiration and an- an example of that really working out, and got to know the founders pretty well and had a few conversations and realized that even though the- the blogging software and a photo sharing app are pretty different, our underlying motivations were really consistent and it was a bit of a match made in heaven. And the whole team joined Substack a year ago, and I've been privileged enough to get to lead the product and design teams, and it's been a blast so far.

   8. LRLenny Rachitsky6:57

      And before your startup, you were at Facebook for a number of years. Is that right?

   9. SMSachin Monga7:00

      Yes. I started in 2011 there on the growth team and had the chance to work on a bunch of different teams there, growth, platform, ads, and then eventually the team we called Sharing, which was just helping people share more in the main Facebook

2. 7:11 – 10:11

   The evolution and structure of teams at Substack

   1. SMSachin Monga7:11

      app.

   2. LRLenny Rachitsky7:12

      Sweet. I want to spend a little time on that. But coming back to Substack, I'm curious just how the product team runs. How many PMs do y'all have? How is it structured? How are you thinking it'll evolve as you scale? What can you share there?

   3. SMSachin Monga7:25

      Sure. Maybe to start from when I started at Substack, we had zero PMs. (laughs) We had a handful of designers. We had maybe 15 or so engineers. I think we're coming to the close of this kind of one-time inflection point of becoming a product-driven company and having a product process and structure and PMs and full stack product teams. And so when I started at Substack, there was really not much of this, and we're still pretty early, but we have something going now. So we have four product managers in addition to myself, and we have three essentially kind of, like, full stack product teams now that have a PM and an engineering manager, data person, or a designer, engineers. And things are starting to roll and we're, like, finally emerging from this transition phase, and it's been super fun.

   4. LRLenny Rachitsky8:10

      What are these three teams?

   5. SMSachin Monga8:11

      The three teams are, we have a writer team that serves writers, we have a reader team that serves readers, and we have a growth team that does growth-y things. And I should mention we have a fourth engineering team that's, like, the systems team that doesn't have a product manager on it, but is keeping the lights on and helping us scale.

   6. LRLenny Rachitsky8:28

      Awesome. That makes sense. So you- you currently align it around the user, type of user, plus kind of the infra and platform stuff.

   7. SMSachin Monga8:34

      Mm-hmm.

   8. LRLenny Rachitsky8:35

      Do you have a sense of where this might evolve over the next few years, just structure wise? Do you think you'll stick to that? Do you have a plan of how this might radically shift as you grow?

   9. SMSachin Monga8:43

      Yeah. I'm actually kind of shocked that it's lasted this long and stayed consistent. I remember at Facebook we would change our team structure what felt like every three months or six months and just have a reorg every once in a while. And part of why I think it's remained pretty consistent is exactly what you mentioned, which is the teams aren't oriented around product surfaces. Like, we don't have a team that's, like, the app team or a team that's, like, the dashboard team or the podcasting team. We have teams that are oriented around customers and solving a bit of a timeless customer problem. Like, we'll never be done serving writers. We just started honestly having a concerted focus on serving readers. Growth is never a- a problem that you- that you check the box off on. So, I hope that we are able to maintain this general structure. I- I think as Substack grows and expands, I'm sure we'll have more than three teams. This is where we're at right now, but I- I really like the- the focus on a customer and a timeless mission, really, rather than orienting around what might be a bit more of a ephemeral surface area or product du jour.

   10. LRLenny Rachitsky9:46

       Awesome. Shout out to the writer team. Thanks for building all the awesome stuff that I get to use. And it makes sense why you are more recently investing in the reader team because Substack has this magical advantage platforms have where your supply drives all your demand. Like, I go out and promote my newsletter, people sign up for Substack. So it makes sense why there's not n- initially a huge focus on the demand growth, but makes sense to get there. And so it sounds like you all are... Your app is awesome.

3. 10:11 – 12:07

   What it’s like working at a smaller company with a hands-on founder

   1. LRLenny Rachitsky10:11

      One thing I wanted to touch on is you're kind of in this interesting position as a head of product at a small-ish company with a founder who's very product sense strong, and that's a classic challenge for a product leader to be in, where it's a smallish company, either a first PM or even a head of product, where the founder's very opinionated about the product. I'm curious what you learned about how to work in that environment as a PM.

   2. SMSachin Monga10:36

      That's a great question. I don't know if I have the recipe for this, but I can just maybe share a few of the things that come to mind. I think the first thing was really treating my role in the beginning more as a facilitator than a decision maker when it comes to product. I think the team was also small enough that everyone in theory could have a good sense of what everyone else was up to. And, like, a specific problem we had, I think, when I joined was that we were just getting to the point where we wouldn't have one weekly meeting where Chris could be in the room. Chris is the CEO of Substack and the person you're mentioning, um, and, like, decide what we're doing in the next two weeks. Like, we were just emerging from that phase, and we had this problem which was all of a sudden Chris didn't really know what all the teams were doing, and the teams didn't really know what Chris had in mind for what they should do and- and what the vision was, and we were hiring really quickly and hiring people who might not have all of the context of being in the room with him for years and being in all of the all-hands meetings. And when I first joined, I felt like my main role was actually just solving that. And if nothing else, if Chris could have a really good sense of what all the teams are doing, and if the teams knew where he was coming from and could start to get better at modeling him and his vision, that would be a win. So for the first couple months, I'd say that was all I tried to do. I think now Chris and I have some reps under our belt, and the teams have some reps under- under their belts too, and that trust just starts to form. We start the week, Chris and I, we sit down for an hour and we go through what do we feel like are the big problems to focus on this week? What are the things we're worried about?... we sit down at the end of the week and we check in again. And there's just a lot of open communication, I think, that helps a lot.

4. 12:07 – 14:02

   How to share in a founder’s vision

   1. SMSachin Monga12:07

   2. LRLenny Rachitsky12:07

      Got it. So, sounds like the core of this is building trust, which makes sense. And the way that you've built- been building trust, one is just do it again and again, and then Chris starts to trust, "Okay, Sachin's gonna do the things that I think are probably the right things." And then you said you have this weekly meeting. Is there anything else that either tactically you find is a really important component of this relationship, or any other lessons you've learned about just how to keep this relationship healthy and constructive?

   3. SMSachin Monga12:34

      You know, one thing that I think about a little bit, because like any startup, there's gonna be times that are really difficult, times that are really fun. And Substack is certainly going through this really transformative time. We're really evolving in a lot of ways from a tool into a network. We're sort of in the thick of seeing this vision through that, in a lot of ways, Chris has had in his mind for like five years. We actually, we did a thing at an All Hands a little while ago where Substack went through Y Combinator. I think it was, yeah, maybe now six years ago, and we watched the 62nd demo day pitch from like 2017. And what was so cool about that was we're actually doing all those things now that Chris got up on stage and talked about. Like, you know, "One day in the future, Substack's gonna get into podcasting and we're gonna have this network effect that helps writers grow by virtue of there being other writers in the platform." There's all these things that, like, we kind of couldn't do until we earned our place at the table and, like, the right to be able to do those things that we're doing now. And so to go back to your question, I think... a thing that I really try to be mindful of right now is how do I get a really good sense of- like, how do I catch up? Chris has been thinking about this problem for five times as long as I have, and if I can get a good sense of where his vision kind of starts from and catch up those few years and help the teams do the same, that'll go a long way. Because at the same time, everyone now is coming at it from a different perspective. We've a lot more data and evidence. It's really good to have people on the team that have come from other companies and can apply that perspective. It's a lot of, again, facilitation and, uh, I kind of view that as a big part of my role.

   4. LRLenny Rachitsky14:01

      Awesome.

5. 14:02 – 16:37

   Why the rate of change is the most challenging aspect of the job

   1. LRLenny Rachitsky14:02

      I'm curious, what are the biggest challenges with being in the position you're in? Like, are there any examples of, "Man, that sucked"? Or if you want to go in a different direction, is there a certain type of person that just isn't a good fit for this kind of role, being a head of product at a smallish company with a very product-minded founder?

   2. SMSachin Monga14:19

      I'll start with the first one. I think the biggest challenge with this role slash company phase, like I mentioned, we're going through this one-time transition from not really having a product function or a product process to having one, is almost by definition, anytime you figure out how to do a thing, you'll now reach this next phase of growth and, like, it'll be obsolete. Like, something that I've repeated a bunch of the teams is, I'm never too worried if we have the perfect planning process, or the perfect execution cadence, or the perfect, like, communication process. Like, whatever our process is, we're never gonna have a perfect one. And even if we did, it would soon be obsolete because we did a really good job and now we've grown 2X or something and we have more people and the process needs to change. The main thing I care about is, are we just getting better every week, every month, certainly every year? And I think that's easier said than done. Like, it sounds good in theory, but then when you're in the thick of it and you're constantly basically feeling like you don't know how to do the thing because as soon as you figure it out, it's obsolete, it's just really hard. I think that's true of basically just startups in general, high growth companies. Doing the thing well means that you're not going to know what you're doing. And maybe that leads into my answer to the second question, which is, that's not really for everyone. I think there's almost like a personality type that has to be okay with being humbled all the time and feeling like you don't know what you're doing. And I think you could be an amazing product manager at a company that is a bit more stable and consistent and get really good at what you're doing, and someone who's going to be really good at a company that is on a bit of this sort of trajectory. For folks who aren't watching the video, making a motion with my hand that's like not growing too fast. It's kind of a different job. The rate of change is a huge factor.

   3. LRLenny Rachitsky16:03

      The point you made about how things are going to keep changing as you grow, such an important point that I don't feel like comes up as much as I thought would come up on this podcast. Like, people are always asking me for advice, "How do I structure my product team? How do I prioritize? How do I do planning?" And the main thing I've learned is no matter what you end up with, it's going to change in three to six months anyway-

   4. SMSachin Monga16:21

      Totally.

   5. LRLenny Rachitsky16:21

      ... because you're going to learn more. And so the advice is just do the best thing you can think of right now. Don't assume this will last anyway-

   6. SMSachin Monga16:28

      Yeah.

   7. LRLenny Rachitsky16:29

      ... and that's good enough. And there's never, like, the perfect way to do it. It's always the best way you could do it at this moment and then you learn how to evolve it.

   8. SMSachin Monga16:35

      100% agree.

6. 16:37 – 20:03

   Why prioritization at Facebook worked differently than it does at Substack

   1. SMSachin Monga16:37

   2. LRLenny Rachitsky16:37

      You worked at Facebook for, I think it was seven years. I'm curious, what were you able to take from that experience about how Facebook and a massive company like that builds product to a smaller company like Substack? What translates well and then what just doesn't?

   3. SMSachin Monga16:51

      Over time, I'm finding that less translates than I thought. (laughs) I don't know how much of that has to do with Facebook specifically though, and I'll maybe mention one thing. So, working on the core Facebook app, which was what I was working on for the bulk of my time there, Facebook might be the most extreme example of trying to solve so many different problems for so many different people in one tiny rectangle, basically, that a big part of the product manager's job in a situation like that is going to be managing trade-offs. It's a super fascinating, like, intellectual problem. And I think going back to the previous point, like, I think a lot of people really thrive in that kind of environment where if we do this thing really well, it is going to directly trade off against doing this other thing. And it's not even like a sequencing thing. When you think about prioritization, sometimes you think, "We will do this and then we'll do this and then we'll do this." In Facebook's case, sometimes it's, "So if we do this, we just can't do this. Like, it's going to be bad for this other thing. If we put a watch tab at the bottom, will that mean that people don't get a marketplace tab? What does that mean for this whole org and like what the product is?" And so I think when it comes to something like prioritization...... it's a very different ballgame. There's certainly some things that, that are consistent, like you generally want to prioritize things that are going to be high impact, low effort. Like, these types of product management frameworks, I think like a lot of it can hold constant, but when you really get into the object level, like what does your day look like, I think being a PM at a high growth... or I can at least just... I can't generalize this, but the job at Substack right now, it looks quite different than what I recognized as my job from Facebook circa 2018. And I think it's maybe even gotten more the case that the PM's job in a situation like that will be kind of navigating these types of internal trade-offs. So, I think on something like prioritization, very different. Go ahead.

   4. LRLenny Rachitsky18:31

      Just to double-click on that a little bit, the main difference you're saying is that at a Facebook, it's not like whether we do a thing, it's just like what comes first, second, third. At a Substack, it's like, "We probably won't get to this for a year if we don't prioritize it now." I- is that how you think about it, just like the time scale on your trade-offs?

   5. SMSachin Monga18:46

      No. I think actually at Facebook it's not necessarily whether we do a thing. It's not like, "We do this now or we do this later." It's, "Doing this thing might mean we can't do this other thing at all."

   6. LRLenny Rachitsky18:55

      Got it.

   7. SMSachin Monga18:55

      Or it'll mean that instead of that chart being steady until we make the number go up, like it might go down. By doing A, it might mean B is harder to do, like forever. And so I think at... whereas at, at a startup, a lot of it is time. Time is the main variable. We can do this now and it means that we can't do this other thing until later. There's also an element of sequencing that matters, I think, a lot at a company like Substack that is in this formative stage of becoming an entirely new thing in a lot of ways. Like, Substack started off kind of like a single player tool for writers. Like, it's... it was like software for writers. And if you describe Substack now as simply a newsletter tool, like that would be kind of reductive. And it's really now much more of this ecosystem that's evolving in all sorts of interesting ways. And there is a bit of an order of operations at play here, where doing something right now might unlock our ability to do something later, and that matters a lot in a situation like we're in at Substack.

   8. LRLenny Rachitsky19:49

      Got it. So essentially, there's a lot more one-way doors at a larger company, and here you can make decisions more quickly partly, but also you can go back and there's not all these second order effects of decision you're making.

   9. SMSachin Monga20:00

      I think that's right, or at least there are different types of second order effects.

   10. LRLenny Rachitsky20:02

       Got

7. 20:03 – 22:17

   How Substack thinks about prioritizing for writers and readers

   1. LRLenny Rachitsky20:03

      it. I know at Substack, writers are like the beacon and the vision of making writers successful, helping people make a living writing. And so I imagine writers are the North Star, helping writers be successful. But is there anything more you could share about how you prioritize things that you work on within Substack? Like, how do you think about the North Star?

   2. SMSachin Monga20:20

      Going back to your question about Chris too, I think Chris and Hamish and Jay, the founders, I think really start from a place of principle in a lot of ways. Like, "Why are we even doing this thing?" It's not just to help writers make money. It's not just to unlock these cool things. It starts with like an opinion for how the internet should work, (laughs) where people should be in control over their destiny to a much greater extent than has ever really been the case over at least, you know, the last 10, 15 years, where all of a sudden everyone just started spending all of their time in a handful of these like public squares that were powered by ads. And when you think about what that means for Substack right now, that, that means writers are in control over being able to deliver their best work on their terms to their audience, make money directly from their subscribers, and also that readers should be in control over their experience. Like, when you show up to substack.com, that experience should be something that you have a much greater degree of agency over, or if you download the app than if you maybe opened up TikTok or something. I think where that leads you down from a prioritization standpoint is often starting from, "Okay, if we could do something in a bunch of different ways, is there a way that provides more control to the writer or more control over the experience that the reader has t- to them? And is there a way that provides much less control?" And, you know, all things equal, like do the one that kind of holds constant this principle of control. We could talk about a few other examples like this, but I think from a prioritization standpoint and from a strategic standpoint, Substack is a pretty principled company, and I think it's been really fun and interesting to, to get to work in an environment like this and also see how it like actually can work. (laughs) You are excited about recommendations, the recommendations feature, and we can talk about that in, in more detail. And I think that's a good example where there's certainly a way to do that where, where writers have the max amount of control and we picked that way even if it might seem harder to pull off. And then w- that feedback loop of, "Oh, and that actually worked," is really awesome to, to get to experience.

8. 22:17 – 27:13

   Substack’s recommendation feature and how it came to be

   1. SMSachin Monga22:17

   2. LRLenny Rachitsky22:17

      Yes. I definitely wanted to talk about this recommendation feature. I feel like it's maybe the most underappreciated radical shift in Substack, and just like platforms in general. I think this is going to go down as one of the most legendary impactful features of any platform or marketplace. I'm just putting this out there. It's like such a huge deal, and I don't think people appreciate this. And just to quickly summarize what this is, essentially you allowed writers like me to recommend other newsletters that I specifically pick. So, I pick 10 newsletters that I think are awesome. Once someone subscribes to my newsletter, they see these 10 as, "Hey, you should check these out. I think these are awesome." And it's very curated. It's... there's no algorithm involved, which to your point is Substack's, I think vision and mission is just avoid algorithms as much as possible. So, the reason I think this is crazy and amazing is at this point, 70% of my growth is coming from this one feature. There's something like 500 other newsletters recommending me. And as soon as the feature launched and you look at my growth chart, it's just a hockey stick starting that day. I don't think people appreciate this enough, and I'm really excited to just chat it, about how this feature came to be. And coming back to a point we talked about earlier, Chris having a very strong opinion about how to build product. Something I heard through a birdie is that Chris was not excited about this feature when it was proposed and it took a bit of pushing to get it out. So, maybe we start there. How did this come to be?

   3. SMSachin Monga23:39

      Sure. The way it came to be was that we noticed this organic behavior emerging, which was that a lot of readers of Substack's were starting to discover other Substack's. But the way that was happening was typically through the lens of that original writer. And this could happen in a bunch of different ways, right? So, you know, I think you've used the guest post feature to have guests write posts on your newsletter, and obviously that...... is a really good way for your readers to go and discover some of these other writers in a way that you're curating. There's some less obvious ways that this happens, too. If you have comments on, which I think you do, if I scroll down and click on the profile of someone who's commenting on your post, it'll show me the other subs that person reads too. And again, this is like a very personalized and very writer-centric way of doing discovery. At the same time, we talked about sort of the supply and demand side of the marketplace. Like, the supply side of Substack has just grown over time, consistently to the point where now there's like a huge amount of amazing writers on the platform, and a huge number of collective readers on the platform too, that we knew that this sort of like cross-pollination, this discovery loop could be a really powerful thing. So if you start from first principles and you're like, all right, how do we, like help readers discover more things? The most obvious way to do this would be something like, here's some Substacks you might like. Based on what we know about your reading habits, here's like a few that Substack is just gonna recommend to you. This is the kind of thing that worked really well in Facebook in particular, I think. When I joined in 2011 it was definitely still during the era, I think Facebook maybe had just over 500 million users and was on this path to be, to, to a billion and beyond. And this thing that we called PYMK, which was people you may know, this little unit that would show up in, in the newsfeed and it would just tell you the eight other people that like you obviously know because you all, you have a million mutual friends. Like that kind of thing drove a very non-trivial amount of Facebook growth in the early days. And of course, lots of other products have done things like this, so we could have done something like that. But then going back to that principle of like, okay, well if we were to do that and let's say we were to insert it at the bottom of a post or in an email or something, it's like clearly a thing now where the writer who owns that space is not really in control over what the experiences that they're offering their readers. And the reader who signed up for Lenny is now seeing these other things that have nothing to do with Lenny. Does that kind of break this control principle, like putting writers in charge, putting readers in charge? Okay, so then back to the drawing board. What would be the most obvious maximal way to just put writers in control? What is like the simplest version of this? What if we just asked writers, who do you recommend and what if we just put that in the subscribe flow and just made it as simple as possible? And I think Chris's reaction to that originally when that idea came up was that's probably just gonna be really hard to pull off, right? It's just like you need, there's a lot more things that have to be true. You need writers to opt in. You need them to pick good people. You need to find a way to surface those recommendations to their readers in a way that's gonna generate a good amount of surface area. And I think it was a bit of skepticism that something like that could work, but we tried it and it took off really quickly. And it, there was this like virality at play now where like when you recommend a bunch of people those people would get an email that say, "Hey, Lenny's recommending you and here's all the readers that he's sending you." And it created this sort of goodwill viral loop, which was really interesting to see play out. And I think there's a bunch of interesting lessons in there. We could stick into anything that seems interesting, but I think Chris's skepticism was not should we do cross-pollination discovery, like clearly this is something that's working, but is this kind of thing gonna work given how many steps are required for it to be true, that this becomes really impactful? And it just turned out that it took off way faster than I think we had imagined.

9. 27:13 – 31:34

   How recommendations have led to an increase of millions of subscribers

   1. SMSachin Monga27:13

   2. LRLenny Rachitsky27:13

      Is there any stats you can share about just the impact it's having, what it's done to Substack?

   3. SMSachin Monga27:17

      Yeah, sure. Recommendations specifically now have driven in the millions of new subscriptions for writers across the board, across I think like tens of thousands of unique writers that have received subscriptions from the recommendations feature. Of course, recommendations in particular is still just one component in this broader basket of network-driven discovery. And I think we recently shared a stat, more than one in three new subscriptions across Substack are coming from the Substack network and around one in 10 paid subscriptions now too. And these numbers are just, as you can imagine, growing up and to the right, getting stronger every day. And I think we'll have some more interesting stats to share on that soon.

   4. LRLenny Rachitsky27:58

      Awesome. One thing I wanted to acknowledge, I think some people worry about this feature, that it drives lower intent users.

   5. SMSachin Monga28:05

      Mm-hmm.

   6. LRLenny Rachitsky28:06

      I find that not to be true. They're definitely lower intent, but it's not like meaningfully and significantly. So the fact that 70% of my user growth comes from this feature and my open rates have only come down a little bit, says a lot about just, it's not actually... It's like useful, really intentful people as much as it can be from someone that hasn't actually been planning to subscribe and just recently found out about it. It's-

   7. SMSachin Monga28:27

      Right.

   8. LRLenny Rachitsky28:27

      ... really impressive how high intent they are, all things considered.

   9. SMSachin Monga28:31

      Yeah. And you bring up a point too that leads into some of the next things we're thinking about here, which is that right now most of the subscriptions that come from recommendations are coming from one particular flow in the product, which is when someone subscribes to someone else on Substack, they will then see a recommendation for Lenny. So it, it's being serviced to people at a moment where not only are they just hearing about you for the first time, but they might just be hearing about the recommending writer for the first time too. They're new subscribers and so they don't have this long-standing trusted relationship built up yet. Of course, you have people now who've been subscribing to you for years and who trust you greatly and would probably take your recommendation very seriously, but the people that you're recommending are only getting these subscribers at the first moment that someone finds out about Lenny in, in many cases. A big part of the next step of this product now is thinking about recommendations less as like a step of the flow and more kind of like a graph, a really interesting social graph that is being built where of, of goodwill and of influence. And you now recommend a bunch of other writers and there's much more that could be done in the network than just show some of those writers in the subscribe flow of lennysnewsletter.com. There's a lot more we could do there. I'm curious if you have any ideas, but we've got a bunch of ideas that we're cooking up that I think will not only drive more subscriptions, but also probably higher intent ones as well, because these are gonna be people that might already have been reading you for years who never right now would know who you're recommending.

   10. LRLenny Rachitsky29:58

       No, no great ideas to share. I do find since it's only free subscribers, I have to do more work to upsell them to try paid. On the other hand, having a huge pool of...... interested people that aren't ready to convert yet. It's only beneficial. And when I send a free post and mention, "Hey, I have a paid subscription, you can get more," it works really well. This episode is brought to you by Vanta, helping you streamline your security compliance to accelerate growth. If your business stores any data in the cloud, then you've likely been asked, or you're gonna be asked, about your SOC 2 compliance. SOC 2 is a way to prove your company's taking proper security measures to protect customer data, and builds trust with customers and partners, especially those with serious security requirements. Also, if you wanna sell to the enterprise, proving security is essential. SOC 2 can either open the door for bigger and better deals, or it can put your business on hold. If you don't have a SOC 2, there's a good chance you won't even get a seat at the table. But getting a SOC 2 report can be a huge burden, especially for startups. It's time-consuming, tedious, and expensive. Enter Vanta. Over 3,000 fast-growing companies use Vanta to automate up to 90% of the work involved with SOC 2. Vanta can get you ready for security audits in weeks instead of months, less than a third of the time that it usually takes. For a limited time, Lenny's podcast listeners get $1,000 off Vanta. Just go to vanta.com/lenny. That's V-A-N-T-A.com/lenny to learn more and to claim your discount. Get started today.

10. 31:34 – 32:17

    Moving forward with network-driven discovery

    1. LRLenny Rachitsky31:34

       Something else I'll mention that I've learned to do is, I feel so fortunate being early on Substack and having this thing grow so much, especially from r- this recommendation feature, that I'm- I'm actually getting pings from people regularly now, "Hey, can you recommend my newsletter?" It's like a really good growth hack on Substack right now to try to get someone, a lot of subscribers to recommend you. So my system right now is I wanna share the wealth as much as I can, so I rotate through different newsletters. I help get them, say, 1,000 subscribers and then move on to the next one, assuming I like them.

    2. SMSachin Monga32:03

       Yeah. (laughs)

    3. LRLenny Rachitsky32:03

       It's not just any random (inaudible) and then so I can share the wealth with a lot of different newsletters and give people a, a platform, 'cause I have this platform now, and that's been working really well.

    4. SMSachin Monga32:12

       The Robin Hood of Substack.

    5. LRLenny Rachitsky32:13

       That's right. (laughs) Yeah, and now I'm gonna get all these DMs to recommend people. If I am unable

11. 32:17 – 35:02

    The “build with” principle and the product lab at Substack

    1. LRLenny Rachitsky32:17

       to, I'm sorry. So you talked about how Chris was worried that this would not work, and that's interesting, and his point of, there are so many steps that have to happen for this to be adopted is such a good one. In my experience, getting users to do anything is so hard, to get them to-

    2. SMSachin Monga32:31

       Mm-hmm.

    3. LRLenny Rachitsky32:31

       ... click some buttons and fill things out. It's like, rarely works, and it's cool that it really did work, and-

    4. SMSachin Monga32:38

       Yeah.

    5. LRLenny Rachitsky32:38

       ... I think that was part of the early beta, and I found that it was a really thoughtful approach to how it was all rolled out, where there was like a small group of users and writers that tried it out, see h- how it went, see what it kind of impact was, see if there was any negative impact. Is there anything you could share about just the way this was rolled out that-

    6. SMSachin Monga32:52

       Yeah.

    7. LRLenny Rachitsky32:52

       ... people learned about how to do this sort of thing?

    8. SMSachin Monga32:54

       One of our sort of operating principles, I mentioned that we're going through this one-time transition of figuring out how to become a product-driven company and how to ship products faster, better, et cetera, and one of the principles, I, I guess in, in this playbook that we're trying to write is, we call it build with writers, build with readers. In some ways, now that I think about it, it's almost like a sub-principle (laughs) of the like, put readers in charge, put writers in charge. Like, how do you build product responsibly if you care deeply about that? One way to do it would be to, almost as a strong default, any time we're gonna make a fundamental change to how Substack works, do it in a way where we bring writers along, and in this case, this is still an optional thing. This isn't like changing how Substack works for everyone, but this is, we think, a potentially profound enough thing that the way we did this was not just roll it out for everyone, put a little dialogue in the dashboard that says, "Hey everyone, now go do this thing." It was like, okay, why don't we call up 10 writers who we think might be interested in this. It's not that hard to just mock up what this could look like, get some feedback. This is the kind of thing that I think a lot of product teams would do, but then maybe a lot of product teams would be like, "Okay, we got good feedback. Let's just like build the thing, ship the thing." Instead, we just ran a little pilot and you and a few other writers were gracious enough to lend your time and talk us through how you would see this working and what you would want. We actually have now, we've set up something called the product lab, which I'm really excited about. This is, I think you're a part of it. I hope we asked you. (laughs)

    9. LRLenny Rachitsky34:14

       Yeah, yeah. I'm in it. I'm in this-

    10. SMSachin Monga34:16

        Okay, great.

    11. LRLenny Rachitsky34:16

        I'm curious to see where this all goes.

    12. SMSachin Monga34:18

        Yeah, and so this is just like an invite-only little group of 100 or so writers that we know are interested in being on the bleeding edge of what Substack is becoming and specifically offer, like we're investing a lot in just tools to help writers grow, and now we've got this little lab where we can kind of take a feature like recommendations to writers and get quick feedback and ensure that we're never just like rolling something out to everyone without going through this step first. It's just been super helpful to have a bit of this infrastructure in place, and often the thing that we end up shipping on day one tends to be pretty different from what we had in mind before we went through this process.

    13. LRLenny Rachitsky34:53

        Yeah, I've been through a bunch of those experiences and they always go super well, and I've been through a few features that just didn't go anywhere and then they, "Nope, we're gonna move on and not try this thing."

12. 35:02 – 36:45

    How Substack deals with negative press

    1. SMSachin Monga35:02

       Yeah.

    2. LRLenny Rachitsky35:02

       Something else that always comes to mind with Substack is, it's often in the news. Substack is a very popular topic amongst reporters from a pro-

    3. SMSachin Monga35:10

       Turns out writers like to talk about writers.

    4. LRLenny Rachitsky35:11

       (laughs) That's right. Especially a platform that might disrupt them someday or their friends have gone on to and they're maybe jealous about. I'm curious, as a product leader, how you deal with bad press, angry attention, things like that, just keeping people focused, keeping people motivated. Do you discuss stuff? Do you just like-

    5. SMSachin Monga35:30

       Sure.

    6. LRLenny Rachitsky35:30

       Yeah, how do you approach stuff that comes out like, "Oh man," and keep people excited?

    7. SMSachin Monga35:33

       The whole thing here is just like parsing out the signal from the noise. There's very little chatter in the blogosphere, media sphere, that would actually impact our day-to-day when I think about it, and that's, it's not zero, right? Like sometimes there'll be something that ends up blowing up or that people are talking about that we should really take seriously and see how that might impact our strategy, but I'd say 90% of the chatter about Substack is going to probably ultimately just be a distraction to our product team at the end of the day, that should just be focused on executing on the vision and maybe my skin got thickened from working at Facebook during a bunch of years that, uh, you know, actually when I started at Facebook, generally things were quite rosy in the press, but we certainly went through a bunch of different phases and a lot of the stuff that I worked on myself at Facebook ended up getting talked about a ton in the press negatively most of the time. You kind of just learn to just...... keep your heads down and keep shipping, and ultimately that's all that matters. And I think Substack is, uh ... I, I, I feel proud of the way that I think our culture is internally being formed right now. We tend to not get distracted.

    8. LRLenny Rachitsky36:37

       Seems to be the case. I'm curious where you see Substack going as a product long-term. What are you excited about? Where are things heading?

13. 36:45 – 39:13

    The writer experience at Substack

    1. LRLenny Rachitsky36:45

    2. SMSachin Monga36:45

       Maybe I'll answer that in two parts. One from, like, a writer-centric lens and one from a reader-centric lens, which I mentioned is a bit of a newer thing for us. You know, from a writer-centric lens, I really think that we're just starting into this golden era of what it might mean to be a writer on the internet. Like I mentioned before, the economic model for supporting great writing on the internet has been generally pretty terrible (laughs) for like the entirety of the internet's history. And in the early days of Substack, there was a couple of these glimmers of hope where you'd have people like Matt Taibbi or Bill Bishop, some of the early writers on Substack that were really well-established writers who were clearly just being undervalued and now could come to Substack and, and see their true value. And that was awesome. That was really cool to see. But in the last year or so, even in the last few months, I think there's been so many really interesting success stories now from writers who you might not even consider themself writers, let alone well-established writers like Matt Taibbi or someone like that. People who are able to make a living, maybe even make a fortune just doing great work and not needing to have millions and millions of viewers or play the sort of attention games of other networks, but just do really high-quality work and have a relatively small number of people value it highly enough to pay for it. And that's, like, a new thing. And so when I see the next one to two years play out for the writer side of the equation, a lot of what we're gonna try to do is just make it much simpler (laughs) to get started, to have your Substack. If you have an audience anywhere, Substack's never gonna be the place where you have the biggest audience probably, but it certainly should be the place where your most valuable audience comes home to, where they get your best work. And we're seeing a lot of really interesting success stories now of people that might have a big Instagram following or YouTube following and certainly Twitter following who are able to kind of use Substack now as this home base, this place to try to accumulate their most valuable audience that they own in the sense that they get their email address, they can export them at any time, and just build really simple tools to just help them deliver their best work. It could be writing, could be a podcast, could be video. We're investing a lot in some of ... some really interesting community features as well. You're a great example of this, where to call Lenny's Newsletter simply a newsletter would be hilariously wrong at this point, right? You had ... I think you mentioned to me you had 30 meetups around the world last month or something like that.

    3. LRLenny Rachitsky39:03

       That's right.

    4. SMSachin Monga39:04

       It's an impressive run rate of meetups.

    5. LRLenny Rachitsky39:06

       It's pretty crazy.

    6. SMSachin Monga39:06

       And I think seeing that unfold and seeing how the platform can support that type of community behavior as well is a big thing that I'm excited about.

14. 39:13 – 40:41

    The reader-focused experience on Substack

    1. SMSachin Monga39:13

       Just more on the reader side, I think maybe to, to segue into that, I think we're again entering this little potential golden age of the internet for how you experience it as a consumer, where instead of just having a handful of feeds that are basically the same that you can just, like, scroll through and consume videos of random people doing random things ... Not to say that's bad and that should go away. I do my fair share of just scrolling through my phone and watching random videos too. But it'd be kind of nice to have another place you could go to as well where the best culture is being made and you have an extreme degree of control over what you see and, and who you choose to kind of let into that space. And you might not spend two hours a day in there and that's fine, but it might be the first place you go because it's where all the best stuff is and it's where your best communities are gonna live too. And we kind of see Substack evolving not as some, like, new type of social media, but true alternative to how you might spend that most valuable slice of your time. And we just launched an iPhone app, I guess now it's been six months ago, and it's going really well. And we're gonna launch an Android app very shortly. And we're pushing really hard on, on this reader experience as well. And I think it'll be radically different and much better one or two years from now too.

    2. LRLenny Rachitsky40:28

       It's been interesting to see a growing percentage of the great content that I come across be on Substack. And so I think that's a cool trend for y'all. For writers that are thinking about starting a newsletter,

15. 40:41 – 44:45

    Advice for writers

    1. LRLenny Rachitsky40:41

       thinking about joining Substack, what sorts of advice, tips, guidance do you have for folks that are thinking about getting into the Substack world?

    2. SMSachin Monga40:50

       My first piece of advice would be to just start it and see what happens. Start it, have a way to start gathering subscribers, put a link to it somewhere, write one or two things. And if you're not much of a writer, try posting a video or recording some audio, turn it into a little podcast. Just start basically and see what happens and see what kind of interest there might be out there for what you have to say. Especially if you already have a following on other platforms as well, I think that there's a real risk that if your entire following is locked into one platform where you don't have a ton of control over your ability to reach those people deterministically and certainly to, like, monetize that in some way, that it seems like it's a tenuous place to be in the current age of the internet. And so I'd say just start. It should be really easy. Go to substack.com, press the Start Your Substack button and see what happens.

    3. LRLenny Rachitsky41:41

       That advice may sound people like, "Oh, yeah, that's, that's not actual advice." But I will say that is exactly what I did and that's exactly how I got to what I do now. I had zero intention of ever doing this as a life or, like, charging for writing that I'm writing. That's crazy. And just the fact that Substack existed and let me try stuff out for free. You know, you sign up, you start it. Like, my newsletter, it's called Lenny's Newsletter because that was like the default recommendation when I signed up because I told them my name is Lenny. (laughs) It's like Lenny's Newsletter and I ... Because I had no plan to do this. It was just like, "Let me just sign up and try blogging here for a little bit." And that little path, I think about Chris and Hamish and the founders mapping out a user journey of the vision of how somebody...... onboards to Substack to go from never writing to, like, doing it full time and I feel like I went through that exactly, if they even had that, where, like, I sign up just to try it out, I start writing consistently, it starts going well, then I think about charging, and then I launch the paid plan, and then that goes well and it keeps growing and then I do it full time. That's exactly what I went down and there's no world where I would have done this if not for those magical combination of features of just, like, a really simple blog and newsletter and collecting emails and maybe monetizing down the road.

    4. SMSachin Monga43:01

       Yeah. That's amazing to hear.

    5. LRLenny Rachitsky43:03

       Yeah. So I think that just start advice is really, uh, spot on. Just try it out, see if it's something you want to do. I will say, it's easy to start a newsletter, it's hard to continue a newsletter and-

    6. SMSachin Monga43:13

       Mm-hmm.

    7. LRLenny Rachitsky43:13

       ... the continuing is (laughs) is the most important part-

    8. SMSachin Monga43:15

       Yeah.

    9. LRLenny Rachitsky43:15

       ... as Seinfeld would say in that clip. Rings a bell.

    10. SMSachin Monga43:17

        I will say though, to that point too, that I'm really excited for what Substack can do in the product to make that easier in a way that doesn't cheapen the experience. So there's a bunch of things we could do to, you know, we could automatically post stuff to your readers, we could, we could do a lot of things. Kind of going back to the, like, "How do we do discovery?" There's a bunch of things that would probably just work, but they would eventually kill what Substack is or have all these nasty second order effects and ruin this promise of putting writers in charge, putting readers in charge. I'm really excited and I actually view your Substack as a vanguard, as a very kind of leading edge example of this, of you have turned your Substack into this, not just this thriving community of readers, but also of, like, contributors and creators, right? You've got these amazing people coming and doing guest posts, you've got the podcast going, you've got these meetups, you've, I think, in a lot of ways, alleviated the burden of how hard it would be to just be writing a long form thing every day and doing that for the rest of your life. That would be really hard. That would make it certainly much harder to keep going. And not to say that it's, that it's easy now. I know how hard it is to do what you do, but I think Substack can do more to turn this ecosystem into a, uh, to funnel this energy into ways for people like you to feel more like a leader of a space and a curator in a lot of ways and still deliver this really valuable service to your audience without having to do all the work yourself and I think we can do a lot more to support that kind

16. 44:45 – 46:39

    Substack’s vision for making creation easier

    1. SMSachin Monga44:45

       of thing.

    2. LRLenny Rachitsky44:45

       Is there anything you could share about what sorts of things you're thinking there and what you might be possible?

    3. SMSachin Monga44:49

       Let's see. Guest posts are working really well. And I'll say that we have a bunch of ideas for how to make guest posts a much bigger thing. Right now, the way guest posts work, kind of like a, like an op-ed or something, like you invite someone to come and just write a post on your Substack. I think there's, there's much more we can do without getting into some of the specifics and, and scooping the product team that we're working on that I think could make it feel more like you've got a bunch of people who are somewhat more, like, fluidly able to contribute to your Substack and deliver value to your audience. And I've teased this community stuff that we're working on a little bit, but we're piloting a feature right now that's been working really well where writers can get a little bit of like a, we kind of view it as, like, the pub at the back of your Substack where people can hang out and chat and the writer is still in control and kind of sets the tone and sets the rules and norms for the space, but can create space for their subscribers to participate and hang out themselves too. Those are two areas that we're investing in a fair bit right now.

    4. LRLenny Rachitsky45:45

       Something that I imagine somebody suggested that I'd suggest you all look into a little bit is OpenAI-assisted writing. I was playing with this product, I think it's called Jasper and there's also, like, Copy.ai where it just, like-

    5. SMSachin Monga45:57

       Yeah.

    6. LRLenny Rachitsky45:57

       ... I put in the title of the post I was about to write and it just generated, like, a pretty good paragraph summary of what it could have been. And they have this whole feature where you just start typing and it autocompletes things smartly, so-

    7. SMSachin Monga46:10

       That's crazy.

    8. LRLenny Rachitsky46:11

       ... that would be cool. I don't know if you want to go there, but it's pretty good.

    9. SMSachin Monga46:14

       That seems like an interesting can of worms.

    10. LRLenny Rachitsky46:17

        Right. An interesting can of worms.

    11. SMSachin Monga46:18

        We did talk about whether we should change our default publication, you know how your default name was, like, just like Lenny's Newsletter and we probably gave you, like, a little red square or something as your default publication logo originally, that, uh, a DALLE-generated publication logo service would be pretty cool.

    12. LRLenny Rachitsky46:33

        That would be cool. Like, if nothing else, just for ideas, but I would love that. Coming back to the idea of someone starting

17. 46:39 – 49:57

    Common mistakes creators make, and how product improvements could help in some cases

    1. LRLenny Rachitsky46:39

       on Substack. So we talked about advice, which is, like, the core advice, just start and see how you like it. A big part of this is, like, do you want to keep doing this? 'Cause again, it's easy to start, hard to keep going and also you may realize, "I've created this job for myself I don't like," so that's something that you should be thoughtful about. But on the flip side-

    2. SMSachin Monga46:55

       Mm-hmm.

    3. LRLenny Rachitsky46:55

       ... do you see any common mistakes people make when they're starting on Substack that you suggest they try to avoid?

    4. SMSachin Monga47:02

       One thing that's kind of interesting here that I think we have a big opportunity to improve in the product is that there's gonna be obviously varying levels of intent that people have when they hit that Start Your Substack button. Some people might come in being like, "This is gonna be my full time job. I want to make this work. I wanna not just be a full time writer, I want to build, like, a media empire on Substack," right? There's certainly examples of that happening now. And you can imagine a version of our onboarding and setup flow that's like the media empire version of it. You can also imagine the version that's just, "Let me just write one thing. Don't let, don't make me make all these decisions, I just want to kind of, like, get in the game." I think that, in general, a mistake that people might make is, I'll maybe flip it back, an anecdote related to what I heard from Chris when I was chatting with him the other day that he had to convince you pretty hard to, like, turn on payments at all. Correct me if this is, if I'm spreading misinformation, but-

    5. LRLenny Rachitsky47:51

       That's right.

    6. SMSachin Monga47:51

       ... is that right?

    7. LRLenny Rachitsky47:52

       Yeah. And, and Hamish too, like, especially on how often I can take a break, he's always given me advice of, "You can take a break more often than you think." 'Cause I feel like-

    8. SMSachin Monga48:03

       Yes.

    9. LRLenny Rachitsky48:03

       ... I can never not do a week. So yeah-

    10. SMSachin Monga48:05

        Yes.

    11. LRLenny Rachitsky48:05

        ... both those pieces of advice, yeah, took me a while to get over, "Maybe I could charge for this and then maybe I could take some weeks off."

    12. SMSachin Monga48:10

        Right, right.

    13. LRLenny Rachitsky48:10

        Yeah.

    14. SMSachin Monga48:11

        I think there's, like, a generalizable piece of advice here that might be the, my answer to the question of, "What's a common pitfall?" Which is, people are really worried about how their audience will perceive them and, like, really ultimately their own worth, right? Should I send a, a newsletter three times a week into people's inbox? Is that too much? Should I ask anyone to pay me ever? Is that crazy? Sh- am I allowed to take a vacation ever given that I've got people paying on an ongoing basis and is that, like, a bad service to provide if I'm taking a two-week summer vacation?I think almost in all of those cases, and then you could imagine five more things like that, readers, especially the people that are subscribed to you, who are paying you, are pretty forgiving and are really there to support you and want you to take that vacation. And there's probably more people who would want to pay for you that just don't even know about you that would totally pay if they could. And so, you know, going back to that kind of, like, spectrum of, "Am I just trying to write a blog post? Am I trying to start a media empire?" It's kind of like many people won't know yet. Just o- o- open up optionality for yourself and see what happens. And maybe don't be too worried about what your audience might think. And I think that maybe is one difference between Substack than something like Twitter or Instagram or something. Subscribe as a, like, an action is pretty heavyweight. It's like a costly signal (laughs) , right? It's not as easy as just, like, mashing the follow button on a bunch of accounts on Twitter or something like that. If someone is subscribed to you, they're, they're kind of granting you right access to their brain is maybe the way I, I view it in a nerdy sense, right? And so what that means is not just like, "I'll let you write your one long form thing once a week," but, "Hey, you've got this other person that you think might have something interesting to say? Cool. Let me know. I'm here for it." And I think writers underestimate that, basically.

18. 49:57 – 52:52

    Why you’re not too late to join the game

    1. LRLenny Rachitsky49:57

       Maybe three things I'll add to this, just for folks that are thinking about, "Should I try this out? Should I not?" One, when I joined Substack, I already felt like it was too late, and this was three years ago. I was like, "Nah, it's too late 'cause everyone's already got their big newsletters. There's no way I'm gonna make any sort of dent." And I think people feel that now, and I think it's also not true. I think there's so much opportunity.

    2. SMSachin Monga50:18

       100%.

    3. LRLenny Rachitsky50:19

       Two, when I got to 1,000 paid subscribers, which feels very doable, I was making-

    4. SMSachin Monga50:25

       Mm-hmm.

    5. LRLenny Rachitsky50:25

       ... around 100K, which-

    6. SMSachin Monga50:27

       Mm-hmm.

    7. LRLenny Rachitsky50:28

       ... is exactly, I think it was Kevin Kelly's 1,000 True Fans, like-

    8. SMSachin Monga50:30

       Yep.

    9. LRLenny Rachitsky50:31

       It was exactly like, "Oh, wow, I could make a living with 1,000 true fans for real." And it's shocking how much you could make with so few people that really care about what you're doing. So think about it. Is there, like, a, a niche or something you're excited about that you can find 1,000 people to pay you 10 bucks a month and you'll make-

    10. SMSachin Monga50:50

        Mm-hmm. And what's, what's cool about that, I think, now with Substack and with the network effect is like if there's 1,000 people who are gonna pay you 10 bucks a month, there's probably 2,000 and 5,000-

    11. LRLenny Rachitsky50:58

        Exactly right.

    12. SMSachin Monga50:58

        ... and 10,000.

    13. LRLenny Rachitsky50:58

        That's exactly what happened to me. I'm like, "If I hit 100K-"

    14. SMSachin Monga51:01

        Yeah.

    15. LRLenny Rachitsky51:01

        "... holy moly, I am good."

    16. SMSachin Monga51:03

        Yeah.

    17. LRLenny Rachitsky51:03

        And then it just kept growing. So that's exactly right.

    18. SMSachin Monga51:05

        Yeah.

    19. LRLenny Rachitsky51:05

        Like you think there's 1,000 but, like, the markets for these things are huge. And then-

    20. SMSachin Monga51:10

        Yeah.

    21. LRLenny Rachitsky51:10

        ... the last point maybe is it took me nine months of doing it every week for free to get to a point where I felt like, "I can keep doing this. I enjoy doing this. People continue to value it," where I decided to turn on paid. So it's a very slow and steady thing initially.

    22. SMSachin Monga51:24

        Mm-hmm.

    23. LRLenny Rachitsky51:24

        Don't expect it to just blow up. Like, just do it-

    24. SMSachin Monga51:27

        Mm-hmm.

    25. LRLenny Rachitsky51:27

        ... every week. See how it goes. See if you like it. See if people like it. And if they do, keep going. If not-

    26. SMSachin Monga51:31

        Totally.

    27. LRLenny Rachitsky51:32

        ... you can stop. Like when I launched my newsletter, I tweeted, "I'm just gonna experiment with this thing. No, no idea where it's gonna go. Let's just try it out." So you don't have to set the stakes high when you're starting out.

    28. SMSachin Monga51:41

        Yeah. I think that's exactly right. You mentioned Kevin Kelly's 1,000 True Fans, which has become this, like, canonical piece of writing on the internet now. My favorite Kevin Kelly blog post... That's my second favorite. My first favorite is a post that he wrote called You Are Not Late, which is exactly (laughs) what... You can probably picture what he says. But it's such a compelling persuasive argument for the thing that you mentioned, which is like, obviously he wasn't talking about Substack in, in (laughs) in his post, but he was talking about the internet and how, in the grand scheme of things, how lucky we are to... I don't even know when he wrote it. Maybe it was probably 10 years ago at this point, but certainly at a time where a lot of people were feeling, "Oh, Facebook and Google and the internet's done. The battles have been won. And I wish I was, I wish I was coming of age... I wish I had graduated from Harvard in 2004 or something." And it's just so wrong. Like, we are so early when it comes to how the internet will play out that I think getting to work on that in any capacity right now, getting to shape how the internet is gonna play out over the next 10, 20 years is so fun because we are not late.

    29. LRLenny Rachitsky52:40

        Hear, hear. I, I know Marc Andreessen mentioned this too when he moved to Silicon Valley in the '80s. He's, "It's all over. It's too late. I missed the gold rush of tech."

    30. SMSachin Monga52:48

        Yeah.
19. 52:52 – 1:00:59

    Lightning round

    1. LRLenny Rachitsky52:52

       we've reached our very exciting lightning round where I'm just gonna ask you a bunch of questions real quick, share whatever comes up. Sound good?

    2. SMSachin Monga52:59

       Sure. Let's do it.

    3. LRLenny Rachitsky53:00

       What are two or three books that you recommend most to other people?

    4. SMSachin Monga53:04

       I will plug some books that have nothing to do with the internet or software or tech, but have been the most informative or instructive books for me, I think, in my career as a product person working on software, which are books about architecture and urban planning. And the reason why I find this field so fascinating is because for, like, thousands of years people have been figuring out how to build spaces that help people interact with each other and build good spaces to occupy. And we've only been doing this for, like, you know, going back to the Kevin Kelly thing, like, for basically the blink of an eye (laughs) on the internet and, and in the digital realm. There's, uh, one book in particular by an architect named Christopher Alexander who sadly just passed away earlier this year. He wrote this book in the '70s. It's called The Timeless Way of Building, and this is the book that I recommend to the most people. I have, like, I, I buy it in bulk and I just, like, give it away to people. And the basic premise of the book is that in the '70s we had just gone through, like, a couple of decades of just mass-produced cookie cutter suburban house development in the US and his premise was like, "We've basically just lost the plot on this. No one likes living in these houses. And if you think about why these houses all feel bad to live in, it's because the people building the houses now for the first time ever are different than the people living in the house." It's these, like, developers, these real estate developers, these big companies mass producing these houses. But for thousands of years we've figured out what makes a good house, and the people building the house are the people living in it and they get that. But now the incentive structure got changed and it messed everything up. And I think there's a really interesting parallel there with the internet specifically how the last, you know, decade or so has played out where the people building the spaces that we occupy are operating under a very complicated incentive structure and it's leading to these suboptimal user experiences. And this is what we work on at Substack (laughs) . This is what I think is fun to work on right now. And if you're working on something like this, I would highly recommend The Timeless Way of Building by Christopher Alexander.

    5. LRLenny Rachitsky54:51

       Awesome. We're going to include that in the show notes for sure. What are two or three Substacks that you recommend most, speaking of recommendation features?

    6. SMSachin Monga54:59

       I was just thinking about this because I don't write on Substack certainly frequently and so I don't use the recommendations feature. But, he- who would I recommend if I did? Besides Lenny, of course. I'll share a couple of, like, random examples maybe, again, outside of maybe the tech product world. There's this guy named Darrell Cooper who has a podcast on Substack called the Martyr Made Podcast that I've gone super deep into lately and I, it's hard to describe. He basically takes a topic and he will produce the single best explanation of that topic you will ever find because he'll spend an insane amount, like probably like, you know, 10,000 hours per topic figuring out, getting to the bottom of the story. So he recently did this amazing, he's doing a, a series right now on like the labor movement in America and it sounds like a boring topic maybe, but he's just such an amazing storyteller and he's, I think, a good example too. This could only really work if he had fou- if he finds his thousand true fans as people who are just like, "Yeah, I'll just pay for this." It would be a very bad advertising business for sure. He publishes pretty infrequently and consistently, but it's just like the highest quality stuff. That's the Martyr Made Podcast. And since I know this is supposed to be a lightning round and I spent too much time on that, the two others that I'll just quickly throw out there: Colin Meloy is one of my favorite musicians. He's the lead singer of The Decemberists. He's doing a really cool thing on his Substack right now of just a lot of interesting behind the scenes stuff on tour, publishing audio and video. It's been really good. If you're a fan of The Decemberists, I highly recommend. And one more. Let's see. I've been really excited about Ethan Strauss lately. He writes a, a Substack called the House of Strauss. He's a basketball writer, but I think it's a cool example of like he's just had subscribers now. He can write about whatever he wants and he writes about a wide range of topics and they're all really fascinating and I love to see that kind of thing happen on Substack and in general.

    7. LRLenny Rachitsky56:41

       That just reminded me, Kareem Abdul Jabbar just recommended my newsletter in his Substack.

    8. SMSachin Monga56:45

       Oh man, congrats. How does that-

    9. LRLenny Rachitsky56:48

       Oh my God.

    10. SMSachin Monga56:48

        That must be like a life achievement right there.

    11. LRLenny Rachitsky56:50

        Yeah, yeah. Like, what the hell?

    12. SMSachin Monga56:52

        Congrats.

    13. LRLenny Rachitsky56:53

        Thank you.

    14. SMSachin Monga56:54

        He's a great writer.

    15. LRLenny Rachitsky56:54

        I don't know if he reads it. I don't know. I don't know what's going on there.

    16. SMSachin Monga56:57

        (laughs)

    17. LRLenny Rachitsky56:57

        I love it. He, uh, he has got a great Substack by the way. I think it's-

    18. SMSachin Monga57:00

        Yeah.

    19. LRLenny Rachitsky57:00

        ... I think if you just Google Kareem Abdul Jabbar Substack you'll find it. On the recommendation feature, I was just thinking, do you want to shout out the folks that built it? Like the team-

    20. SMSachin Monga57:07

        I would love to.

    21. LRLenny Rachitsky57:08

        Let's do it.

    22. SMSachin Monga57:09

        Yeah, it's too many... It was, it ended up being, uh, a company wide effort, but the product manager on my team, Dane Rathbone, was specifically, I think, the spearhead behind the way that we built it, like you mentioned, that we went into. He was a really big proponent for that and, um, Gabriel, on our design team, designed it and many engineers worked on it and it'll be hard to shout them all out. But I'd shout out Dane on my team because he ensured that we built it in the way that we ultimately needed to build it for it to work.

    23. LRLenny Rachitsky57:36

        Thank you Dane and Gabriel. Two final questions. Do you have any favorite recent movies or TV shows that you've watched that you love?

    24. SMSachin Monga57:44

        Yeah. I just finished the latest season of For All Mankind and loved it.

    25. LRLenny Rachitsky57:49

        So good.

    26. SMSachin Monga57:50

        It was... Yeah. Did you watch it all?

    27. LRLenny Rachitsky57:51

        Yes. Oh my God. That is-

    28. SMSachin Monga57:52

        Yeah.

    29. LRLenny Rachitsky57:53

        ... the last couple episodes, you're sitting on the edge of your seat sitting-

    30. SMSachin Monga57:55

        I feel like in this season every episode was like its own standalone movie or something. Like it really, it started slow, the whole show, I think the first season was a bit slow. When I recommend it to people I'm like, "Just power through it." But they really found their groove. I don't know, I'm, I'm stoked for the next season.

Episode duration: 1:00:59