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Library rep  ·  Wednesday, May 20

Elena Verna on Lovable's growth playbook: stop optimizing, start giving the product away.

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Based on Lenny’s
Interview · Elena Verna · Dec 18, 2025

Elena Verna 4.0

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Key ideas to remember

  1. 01 If you're a growth PM mostly doing funnel A/B tests, your week is probably misallocated. In a fast-moving market, optimization is 5% of the value; new loops are 95%.
  2. 02 Stop guarding the free tier. Identify the users who would evangelize you if you handed them more — give it to them this week, no approval chain.
  3. 03 Don't optimize for revenue while you're still proving the product. Pick engagement retention as your weekly metric until usage growth is clearly compounding.
  4. 04 Building in public — founder and employee socials — is a growth surface, not a marketing tactic. If you're a PM, lobby for it on your team this week.
3-minute summary

Elena Verna — head of growth at Lovable, ex-Miro, Dropbox, SurveyMonkey, Netlify, Amplitude — argues that the growth playbook she spent 15-20 years building only partly applies in this market. 'Only 30 to 40% of what I've learned in the last 15 to 20 years of being in growth transfers here,' she says. Her old job was 5% innovation, 95% optimization. At Lovable it's the inverse.

The central instinct her team is fighting: protectiveness. Traditional growth PMs guard revenue, gate trials, ration access, A/B test the funnel. Verna's team does the opposite — give the product away aggressively, including handing free credits to users running hackathons or building agents that distribute Lovable for them. 'Why would we prevent a person who wants to do all of the marketing and activating for us from using us?'

She is explicit that the team does not optimize for revenue right now: 'we don't optimize for revenue at all... we have a lot of discussions about how can we give more products away.' The North Star is engagement retention — the leading indicator of paid retention later. Subscriber-retention dashboards come second.

On what actually moves the needle: building in public (founder-led and employee socials), shipping things people want to talk about, and standing up new growth loops faster than competitors. The old optimization muscle — tweaking activation drop-offs by 3% — is the wrong work for a market this perishable. Reinvention beats refinement.

The quality bar holds it all together: the only way to create a word-of-mouth loop is to 'just blow their socks off.' No volume of distribution rescues a forgettable product.

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