Lauren Ipsen is one of the most well-known and respected executive recruiters in the industry, having placed over 90 senior product leaders at companies including Twitter, Reddit, Opendoor, Postmates, Nextdoor, and many others. She is currently the Director of Executive Talent at General Catalyst, and prior to that was a senior leader at Daversa Partners. In today’s podcast, Lauren shares advice for founders on hiring senior product leaders, tips for product leaders on finding better opportunities, and the most common mistakes recruiters make. She talks about how to play the long game of networking to find the best talent and about recruiting best practices, and we also dive deep on market mapping, LinkedIn, and how to approach reference checks.

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Find the full transcript here: https://www.lennysnewsletter.com/p/lessons-from-one-of-the-worlds-top

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Where to find Lauren Ipsen:

• LinkedIn: https://www.linkedin.com/in/lauren-ipsen-6a5a84113/

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Where to find Lenny:

• Newsletter: https://www.lennysnewsletter.com

• Twitter: https://twitter.com/lennysan

• LinkedIn: https://www.linkedin.com/in/lennyrachitsky/

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Thank you to our wonderful sponsors for making this episode possible:

• Retool: https://retool.com/lenny

• Miro: https://miro.com/lenny

• Vanta: https://vanta.com/lenny

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Referenced:

• Gokul Rajaram on Lenny’s podcast: https://www.lennyspodcast.com/gokul-rajaram-on-designing-your-product-development-process-when-and-how-to-hire-your-first-pm-a-playbook-for-hiring-leaders-getting-ahead-in-you-career-how-to-get-started-angel-investing-more/

• The Power of Now: A Guide to Spiritual Enlightenment:  https://www.amazon.com/Power-Now-Guide-Spiritual-Enlightenment/dp/1577314808

• You Are Here: Discovering the Magic of the Present Moment: https://www.amazon.com/You-Are-Here-Discovering-Present/dp/1590308387/

• Your Own Backyard podcast: https://www.yourownbackyardpodcast.com/

• Top Gun: https://www.amazon.com/Top-Gun-Tom-Cruise/dp/B001K3K5MO

• BeReal: https://apps.apple.com/us/app/bereal-your-friends-for-real/id1459645446

• Strava: https://apps.apple.com/us/app/strava-run-ride-hike/id426826309

• Spotify: https://apps.apple.com/us/app/spotify-music-and-podcasts/id324684580

• Joe Suliman at Daversa Partners: https://www.daversapartners.com/team/joe-suliman/

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In this episode, we cover:

(04:46) Lauren’s background

(07:52) Why the best recruiters seem to be migrating to VC funds

(09:44) Mistakes founders make in searching for their first senior product leader

(13:26) Questions for founders to ask when thinking about who to hire

(16:07) The three main types of PMs

(18:27) What do job titles mean, and why are they more susceptible to change in a startup environment?

(21:50) What should product leaders do ahead of hiring senior product leaders?

(23:14) How to network with great talent

(27:37) Why the timetable for recruiting is variable

(29:02) How to be productive with your time by tapping your network

(30:27) Why recruiting via LinkedIn might not be the best use of your time

(33:17) Lauren’s favorite placement of all time

(37:30) The importance of diversifying your experience

(40:16) The art and science of staying long enough to have a meaningful impact

(43:23) The importance of creating real impact as a leader

(47:57) Good questions to ask references and how to dig deeper

(49:35) Resume red flags and the importance of honesty

(53:39) Interview tips for product managers 

(57:29) Common mistakes recruiters make

(1:00:57) Advice for founders looking for a recruiter

(1:04:24) Lightning round

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Production and marketing by https://penname.co/. For inquiries about sponsoring the podcast, email podcast@lennyrachitsky.com.