The Post-IPO PM Playbook Is Being Rewritten

Most of the conversation about rebuilding product management comes from two ends of the spectrum: AI-first startups with 30 people and no real installed base, or big tech with thousands of PMs and decades of process. This episode is about the third category: companies that went public in the last few years, have real customers and revenue to protect, and are now trying to move like startups again. The CPOs of Hims & Hers, Rubrik, and Figma joined me to discuss what that actually looks like. Several of their findings directly contradict the advice you'd get from either end of the spectrum.Key topics• Why going public doesn't mean replacing your PM team with "business people"• Why AI makes PM workload explode, not shrink• What happens when engineering is no longer the bottleneck• The skill Figma values most at scale (and why speed is the wrong thing to optimize for)• Whether the IPO date is a real line in the sand—and why Yuhki and Anneka land in different places• Why AI adoption at post-IPO companies requires the CPO to go first• How Anneka wrote her team's Claude Code onboarding guide, opened the GitHub repos, and built a triage agent between meetings• Why Dheerja joined Hims & Hers as the "AI Queen"• Dheerja’s three-part AI framework she’s executing on• Why Yuhki hired AI veterans first—then immediately hired people with no AI background at all• The case against take-homes (and Anneka's idea for what should replace them)• What a blank canvas reveals about a PM candidate that no case study or behavioral question can• Why every PM is about to become a manager of agents• How to talk to your team when the stock is down and you haven't announced anything new• Why Figma deprecated annual planning—and what Yuhki thinks will become core PM work within a yearWhere to find Nikhyl• Twitter/X• LinkedInWhere to find Anneka• LinkedInWhere to find Dheerja• LinkedInWhere to find Yuhki• LinkedInJoin The Skip• Skip Coach• Skip CommunityFind The Skip• Website• Substack• YouTube• Spotify• Apple PodcastsTimestamps(00:00) Anneka on leading from the top: visibly & vulnerably(00:45) Intro: three CPOs, one inflection point(05:53) How PM accountability shifts from startup to post-IPO(07:24) The GM model: when PMs own P&L, not just product metrics(10:54) Hiring systems thinkers over feature builders(15:08) Where AI is actually moving the needle in enterprise B2B(20:37) The three components of AI transformation(24:13) How going public changes perception management at Figma(27:00) Navigating stock drops and keeping teams focused(30:30) Creating space for AI learning when the team is already maxed(35:12) 3 steps to seeding AI teams(40:03) How everyone is becoming a manager of agents(44:34) Yuhki on resourcefulness and the blank canvas take-home(47:40) Dheerja: go an hour deep on one real decision in the interview(50:56) Why live pair Claude Code sessions is the future of PM interviews(53:13) Predictions for 2026 and beyond(55:34) Why it’s the best time in history to be a PMDon't forget to subscribe to The Skip to hear me coach you through timely career lessons. Access exclusive sessions from 100+ top product leaders at skip.coach. If you’re interested in joining me on a future call, send me a note on LinkedIn, Threads, or Twitter. You can also email me at [email protected] This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit theskip.substack.com