
Growth Levers and How to Find Them

Try this thought experiment: Imagine you’re right. Imagine the grand promises you made to your investors are true, and the opportunity is bigger than anyone realizes. A huge mass of people are desperate for your product, if only they knew it existed. Your business is inevitable.
Matt Lerner • Growth Levers and How to Find Them
But discovery isn’t about getting marginally better; it’s about becoming categorically different.
Matt Lerner • Growth Levers and How to Find Them
Map your growth model, identify your North Star Find your rate-limiting step Discover your prospects’ “locksmith moment” Explain your value more clearly to customers
Matt Lerner • Growth Levers and How to Find Them
FinTech app Rebank realized that most of their prospects—all startups—had basic finance questions before they were ready for Rebank. So, they published a detailed free guide, “Finance for Founders,” that generated thousands of qualified leads and helped them grow 22X in 18 months.
Matt Lerner • Growth Levers and How to Find Them
Which of these, if it works, could have the biggest impact?
Matt Lerner • Growth Levers and How to Find Them
Key Driver: If it works, which of your key drivers will it most directly impact? Traffic? Conversion? Retention? Referrals? Activation?
Matt Lerner • Growth Levers and How to Find Them
Every startup works hard; that’s table stakes. The winners find and prioritize the right work and ignore everything else.
Matt Lerner • Growth Levers and How to Find Them
For example, Airbnb’s founders suspected better photography might improve rental rates. But sending professional photographers to every property would have been complex and expensive. Fortunately, Airbnb was founded by design students, so they grabbed their cameras and spent a weekend photographing only the listed apartments that were near their
... See moreMatt Lerner • Growth Levers and How to Find Them
Discussing your product: Above all, remember this is not a conversation about your product. Instead, you are trying to understand, with pixel-level detail, the journey that led this person to your product. The interviewee will want to talk about your product features, and you might like hearing that, but it shifts attention away from the customer’s
... See more