Finding hidden growth opportunities in your product | Albert Cheng (Duolingo, Grammarly, Chess.com)

Lenny's Podcast · Beginner ·📰 AI News & Updates ·7mo ago
Albert Cheng has led growth at three of the world’s most successful consumer subscription companies: Duolingo, Grammarly, and Chess.com. A former Google product manager (and serious pianist!), Albert developed a unique approach to finding and scaling growth opportunities through rapid experimentation and deep user psychology. His teams run 1,000/year, discovering counterintuitive insights that have driven tens of millions in revenue. *What you’ll learn:* 1. How to use the explore–exploit framework to find new growth opportunities 2. How showing premium features to free users doubled Grammarly’s upgrades to paid plans 3. What good retention looks like for a consumer subscription app 4. Why resurrected users drive 80% of mature product growth 5. Why “reverse trials” work better than time-based trials 6. The three pillars of successful gamification: core loop, metagame, and profile *Brought to you by:* Vanta—Automate compliance. Simplify security: https://vanta.com/lenny Jira Product Discovery—Confidence to build the right thing: https://atlassian.com/lenny Miro—A collaborative visual platform where your best work comes to life: https://miro.com/lenny *Transcript:* https://www.lennysnewsletter.com/p/how-to-find-hidden-growth-opportunities-albert-cheng *My biggest takeaways (for paid newsletter subscribers):* https://www.lennysnewsletter.com/i/174369960/my-biggest-takeaways-from-this-conversation *Where to find Albert Cheng:* • X: https://x.com/albertc248 • LinkedIn: https://www.linkedin.com/in/albertcheng1/ • Chess.com: https://www.chess.com/member/Goniners *Where to find Lenny:* • Newsletter: https://www.lennysnewsletter.com • X: https://twitter.com/lennysan • LinkedIn: https://www.linkedin.com/in/lennyrachitsky/ *In this episode, we cover:* (00:00) Introduction to Albert Cheng (04:25) From classical pianist to growth leader (09:37) The explore and exploit framework for growth (15:19) How to know when to explore vs. exploit (16:34) Using AI to accelerate growth
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1 How to sell your ideas and rise within your company | Casey Winters, Eventbrite
How to sell your ideas and rise within your company | Casey Winters, Eventbrite
Lenny's Podcast
2 How to unlock your product leadership skills | Ken Norton, Ex-Google
How to unlock your product leadership skills | Ken Norton, Ex-Google
Lenny's Podcast
3 How to create a winning product strategy | Melissa Perri
How to create a winning product strategy | Melissa Perri
Lenny's Podcast
4 How to scrappily hire for, measure, and unlock growth | Crystal Widjaja, Gojek and Kumu
How to scrappily hire for, measure, and unlock growth | Crystal Widjaja, Gojek and Kumu
Lenny's Podcast
5 How to launch and grow your product | Ryan Hoover of Product Hunt and Weekend Fund
How to launch and grow your product | Ryan Hoover of Product Hunt and Weekend Fund
Lenny's Podcast
6 The rituals of great teams | Shishir Mehrotra, Coda, YouTube, Microsoft
The rituals of great teams | Shishir Mehrotra, Coda, YouTube, Microsoft
Lenny's Podcast
7 The art of building legendary brands | Arielle Jackson (Google, Square, First Round Capital)
The art of building legendary brands | Arielle Jackson (Google, Square, First Round Capital)
Lenny's Podcast
8 The nature of product | Marty Cagan, Silicon Valley Product Group
The nature of product | Marty Cagan, Silicon Valley Product Group
Lenny's Podcast
9 The art of product management | Shreyas Doshi (Stripe, Twitter, Google, Yahoo)
The art of product management | Shreyas Doshi (Stripe, Twitter, Google, Yahoo)
Lenny's Podcast
10 From a guy who's been in the game 20+ years, working with companies like eBay, HP, Netscape #shorts
From a guy who's been in the game 20+ years, working with companies like eBay, HP, Netscape #shorts
Lenny's Podcast
11 A pearl of an insight from Steve Jobs' "The Lost Interview" #Shorts
A pearl of an insight from Steve Jobs' "The Lost Interview" #Shorts
Lenny's Podcast
12 Google thinks BIG #shorts
Google thinks BIG #shorts
Lenny's Podcast
13 Persuasive communication and managing up | Wes Kao (Maven, altMBA, Section4)
Persuasive communication and managing up | Wes Kao (Maven, altMBA, Section4)
Lenny's Podcast
14 Shishir Mehrotra is an ex-VP at Google and the CEO of Coda ($1b+ valuation) #shorts
Shishir Mehrotra is an ex-VP at Google and the CEO of Coda ($1b+ valuation) #shorts
Lenny's Podcast
15 Would you have expected this from a CEO? #shorts
Would you have expected this from a CEO? #shorts
Lenny's Podcast
16 Have you seen this "disease" before? #shorts
Have you seen this "disease" before? #shorts
Lenny's Podcast
17 Arielle probably helped form some of the product one-liners that you know and love #shorts
Arielle probably helped form some of the product one-liners that you know and love #shorts
Lenny's Podcast
18 How well do you think this applies across startups, writing, and social situations? #shorts
How well do you think this applies across startups, writing, and social situations? #shorts
Lenny's Podcast
19 How to grow a subscription business | Yuriy Timen (Grammarly, Canva, Airtable)
How to grow a subscription business | Yuriy Timen (Grammarly, Canva, Airtable)
Lenny's Podcast
20 “You may not know everything that’s actually happening… but it will blow your mind” #shorts
“You may not know everything that’s actually happening… but it will blow your mind” #shorts
Lenny's Podcast
21 A simple way to speed up a LOT of decisions #shorts
A simple way to speed up a LOT of decisions #shorts
Lenny's Podcast
22 When EVERY brick and mortar store has to sell online overnight, and you do online stores... #shorts
When EVERY brick and mortar store has to sell online overnight, and you do online stores... #shorts
Lenny's Podcast
23 The role of AI in new product development | Ryan J. Salva (VP of Product at GitHub)
The role of AI in new product development | Ryan J. Salva (VP of Product at GitHub)
Lenny's Podcast
24 You've been thinking about it a lot... but should you do it? #shorts
You've been thinking about it a lot... but should you do it? #shorts
Lenny's Podcast
25 Overcome imposter syndrome and accelerate your career | Julie Zhuo (Sundial, Facebook)
Overcome imposter syndrome and accelerate your career | Julie Zhuo (Sundial, Facebook)
Lenny's Podcast
26 Ryan led the incubation/launch of Github's Copilot #shorts
Ryan led the incubation/launch of Github's Copilot #shorts
Lenny's Podcast
27 He's talking about Brian Chesky throughout his response to the pandemic #shorts
He's talking about Brian Chesky throughout his response to the pandemic #shorts
Lenny's Podcast
28 And the technology will only get more powerful from here... #shorts
And the technology will only get more powerful from here... #shorts
Lenny's Podcast
29 Anyone can do these! Julie is also the founder of Sundial #shorts
Anyone can do these! Julie is also the founder of Sundial #shorts
Lenny's Podcast
30 Julie's speaking from experience as an author on the topic, Facebook VP and now cofounder of Sundial
Julie's speaking from experience as an author on the topic, Facebook VP and now cofounder of Sundial
Lenny's Podcast
31 How to build a powerful marketing machine | Emily Kramer (Asana, Carta, MKT1)
How to build a powerful marketing machine | Emily Kramer (Asana, Carta, MKT1)
Lenny's Podcast
32 Sanchan was Head of Product @ Instagram from 2014-18 and he's now the VP of Product @ Coinbase
Sanchan was Head of Product @ Instagram from 2014-18 and he's now the VP of Product @ Coinbase
Lenny's Podcast
33 This is always a bit of a reality check #shorts
This is always a bit of a reality check #shorts
Lenny's Podcast
34 Harvard Business Review has a great article on these & Shreyas went deep on them in the podcast
Harvard Business Review has a great article on these & Shreyas went deep on them in the podcast
Lenny's Podcast
35 Pause it and try yourself! It's harder in practice than you might think
Pause it and try yourself! It's harder in practice than you might think
Lenny's Podcast
36 Do you agree or disagree? #shorts
Do you agree or disagree? #shorts
Lenny's Podcast
37 Extremely clarifying for marketers and non-marketers alike #shorts
Extremely clarifying for marketers and non-marketers alike #shorts
Lenny's Podcast
38 Shishir is CEO and co-founder of Coda and a former VP of Product at Google #shorts
Shishir is CEO and co-founder of Coda and a former VP of Product at Google #shorts
Lenny's Podcast
39 When to invest in new acquisition channels | Adam Grenier (Uber, MasterClass)
When to invest in new acquisition channels | Adam Grenier (Uber, MasterClass)
Lenny's Podcast
40 So valuable to hear some insight into the actual signs of burnout versus just working hard
So valuable to hear some insight into the actual signs of burnout versus just working hard
Lenny's Podcast
41 Adam was also a VP of Product and Marketing at LambdaSchool and a VP of Marketing at Masterclass
Adam was also a VP of Product and Marketing at LambdaSchool and a VP of Marketing at Masterclass
Lenny's Podcast
42 Adam said this is a very common challenge across the companies he advises
Adam said this is a very common challenge across the companies he advises
Lenny's Podcast
43 Building a meaningful career | Jason Shah (Airbnb, Amazon, Microsoft, Alchemy)
Building a meaningful career | Jason Shah (Airbnb, Amazon, Microsoft, Alchemy)
Lenny's Podcast
44 Jason Shah has led product teams at Amazon, Airbnb, Microsoft, and currently, Alchemy (web3)
Jason Shah has led product teams at Amazon, Airbnb, Microsoft, and currently, Alchemy (web3)
Lenny's Podcast
45 Pause and try for yourself before he explains what he's looking for! #shorts
Pause and try for yourself before he explains what he's looking for! #shorts
Lenny's Podcast
46 Amazon is famous for "working backwards" but what does it actually mean? #shorts
Amazon is famous for "working backwards" but what does it actually mean? #shorts
Lenny's Podcast
47 Why product-led growth is the future | Elena Verna (Amplitude, Miro, Surveymonkey)
Why product-led growth is the future | Elena Verna (Amplitude, Miro, Surveymonkey)
Lenny's Podcast
48 Free trials aren't just about converting YOU to a paying customer... #shorts
Free trials aren't just about converting YOU to a paying customer... #shorts
Lenny's Podcast
49 What do you think the right balance is here? #shorts
What do you think the right balance is here? #shorts
Lenny's Podcast
50 We hear about product-led sales all the time, but what does it actually mean? #shorts
We hear about product-led sales all the time, but what does it actually mean? #shorts
Lenny's Podcast
51 "the only way you will ever have any chance of being product-led" #shorts
"the only way you will ever have any chance of being product-led" #shorts
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52 Common... and costly? #shorts
Common... and costly? #shorts
Lenny's Podcast
53 The tables have been turned! #shorts
The tables have been turned! #shorts
Lenny's Podcast
54 Ken said that interviews are as much you interviewing THEM as the other way around #shorts
Ken said that interviews are as much you interviewing THEM as the other way around #shorts
Lenny's Podcast
55 "I still care about people, but it's a redefinition of how that serves me" #shorts
"I still care about people, but it's a redefinition of how that serves me" #shorts
Lenny's Podcast
56 Only OGs know this one... Adam brought it up when talking about the dangers of relying on 1 channel
Only OGs know this one... Adam brought it up when talking about the dangers of relying on 1 channel
Lenny's Podcast
57 Is product a part of marketing or are they "joined at the hip"? #shorts
Is product a part of marketing or are they "joined at the hip"? #shorts
Lenny's Podcast
58 Fire insights #shorts
Fire insights #shorts
Lenny's Podcast
59 Customer-led growth | Georgiana Laudi (Forget The Funnel)
Customer-led growth | Georgiana Laudi (Forget The Funnel)
Lenny's Podcast
60 Using behavioral science to improve your product | Kristen Berman (Irrational Labs)
Using behavioral science to improve your product | Kristen Berman (Irrational Labs)
Lenny's Podcast

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