Jack Dorsey reframed the Product Manager role as "Product Editor." The most valuable skill is not generating new feature ideas, but exercising judgment to cut through the noise, simplify complexity, and edit the product down to the essential few things that truly drive customer outcomes.

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Product managers don't code, design, or conduct research. Their unique value is providing clarity through strategy, requirements, or a North Star vision. This clarity empowers the entire team to execute their specialized roles effectively and succeed.

To be truly successful, a product leader cannot just focus on features and users. They must operate as the head of their product's business, with a deep understanding of P&Ls, revenue drivers, and capital allocation. Without this business acumen, they risk fundamentally undercutting their product's potential impact and success.

The core job of a Product Manager is not writing specs or talking to press; it's a leadership role. Success means getting a product to market that wins. This requires influencing engineering, marketing, and sales without any formal authority, making it the ultimate training ground for real leadership.

The old product leadership model was a "rat race" of adding features and specs. The new model prioritizes deep user understanding and data to solve the core problem, even if it results in fewer features on the box.

Top product builders are driven by a constant dissatisfaction with the status quo. This mindset, described by Google's VP of Product Robbie Stein, isn't negative but is a relentless force that pushes them to question everything and continuously make products better for users.

The 'CEO of the product' metaphor is misleading because product managers lack direct authority. A better analogy is 'the glue.' The PM's role is to connect different functions—engineering, sales, marketing—with strategy, data, and user problems to ensure the team works cohesively towards a shared goal.

Many founders become too attached to what they've built. The ability to unemotionally kill products that aren't working—even core parts of the business—is a superpower. This prevents wasting resources and allows for the rapid pivots necessary to find true product-market fit.

The ultimate sign of a product manager's influence is not receiving feature ideas, but being the go-to person for complex business problems. This indicates you are viewed as a strategic partner capable of diagnosing root causes, even when a solution isn't obvious.

Unvalidated product ideas often originate from executive leadership or adjacent departments. A product manager's critical role is to use disciplined stakeholder management and clear communication to maintain focus on solving validated user problems, rather than simply executing on top-down directives.

A common founder mistake is hiring a first product manager to simply prioritize and ship a backlog of ideas. Instead, PMs create the most value when given ownership of a key metric and the autonomy to drive user and business outcomes.