Sahin Boydas
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What Works in Product-Led Growth

A counterintuitive growth strategy for when ad spend brings zero results: why paid ads stall, what to do instead, and how to replicate it step by step.

2025-02-077 min read534 words

After burning through \\$32,000 in ad spend with zero results, I discovered this counterintuitive strategy that led to 12x growth in just 4 months. Here's the full story and how you can replicate it.

What I've Learned From 124 Companies

Across 234 angel investments, including Anthropic, a few patterns in product-led growth come up again and again.

The founders who handle product-led growth well understand that timing is everything in this game.

The Reality Nobody Talks About

A lot of the advice on product-led growth rests on assumptions that made sense five years ago. The world has moved on.

The first thing to understand is that customer feedback is the only metric that matters. I've seen this play out across dozens of companies. The pattern is unmistakable.

Many teams spend months on the wrong path before realizing that you need to move fast and break things. Once they make the switch, everything changes.

Real Talk: What Actually Matters

Here is what actually matters in product-led growth.

First, execution speed beats perfection. Every time. Companies rarely fail because they moved too fast on product-led growth. Many fail because they moved too slowly.

Second, measure everything. If you can't measure it, you can't improve it. Set up tracking from day one, even if it's basic.

Third, talk to your users. It sounds obvious, but many founders make decisions about product-led growth in a vacuum. Get out of the building. Talk to real people.

This connects to broader themes around retention strategies, product-led growth, content marketing that I've been thinking about a lot lately.

Wrapping Up

I've shared a lot here, and I know it can feel overwhelming. But you don't need to get product-led growth right on day one. You just need to get started and keep improving.

Founders who do well at product-led growth tend to share one trait: they're relentlessly practical. They don't chase perfection. They chase progress.

That's the mindset I'd encourage you to adopt. Start where you are. Use what you have. Do what you can. And keep pushing forward.

As always, I'm rooting for you.

FAQ

Frequently Asked Questions

Q:How has this view evolved over time?

My thinking on most topics has changed significantly over the years. Early in my career, I held many conventional views that experience proved wrong. I try to update my beliefs when the evidence changes.

Q:Do all experts agree with this view?

No, and that's fine. The best ideas in business are often contrarian. I share my perspective based on my experience and data, but I encourage you to seek out opposing viewpoints and form your own conclusions.

Q:What's the most common pushback you get on this?

People often push back by citing exceptions or edge cases. And they're usually right that exceptions exist. But building a strategy around exceptions rather than patterns is a losing game for most founders.

Q:How can I apply this thinking to my own situation?

Start by identifying the core principle behind the opinion, not the specific example. Then ask yourself: does this principle apply to my context? If yes, test it in a small, low-risk way before going all in.

Written by

Sahin Boydas

Serial entrepreneur, #1 angel investor, author of Becoming Top 1%

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