Notion’s lost years, its near collapse during Covid, staying small to move fast, the joy and suffering of building horizontal, more | Ivan Zhao (CEO and co-founder)

Ivan Zhao is the co-founder and CEO of Notion. Ivan shares the untold story of Notion, from nearly running out of database space during Covid to finding product-market fit after several “lost years,” and the hard-won lessons along the way.

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What you’ll learn:

1. Why you sometimes need to “hide your vision” behind something people actually want—what Ivan calls “sugar-coating the broccoli”

2. How Ivan and his co-founder persevered through multiple product resets and complete code rewrites

3. Why Notion prioritized systems over headcount, keeping the team small and focused even at scale

4. Why Ivan believes in craft and values as the foundation for product development, balancing technical excellence with aesthetic sensibility

5. The surprising story of how Notion nearly collapsed during Covid when their single database almost ran out of space with only weeks to spare

6. Community-led growth tactics

7. Ivan’s unique journey from a small town in China

8. Much more

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Brought to you by:

• Eppo—Run reliable, impactful experiments

• Airtable ProductCentral—Launch to new heights with a unified system for product development

• Sinch—Build messaging, email, and calling into your product

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Find the transcript at: https://www.lennysnewsletter.com/p/inside-notion-ivan-zhao

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Where to find Ivan Zhao:

• X: https://x.com/ivanhzhao

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

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Where to find Lenny:

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

• X: https://twitter.com/lennysan

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

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In this episode, we cover:

(00:00) Introduction to Ivan Zhao

(04:41) Ivan’s early life and education

(07:46) Discovering the vision for Notion

(10:49) The lost years of Notion

(13:56) Rebuilding and perseverance

(17:14) Layoffs and company morale

(18:53) Advice for startup founders

(25:08) Product-market fit

(29:56) Staying lean and efficient

(34:27) Creating a unique office culture

(37:20) Craft and values: the foundation of Notion’s philosophy

(38:44) Navigating tradeoffs in product and business building

(41:24) Leadership and personal growth

(49:11) Challenges and crises: lessons from Notion’s journey

(51:08) Building horizontal software: joys and pains

(01:02:40) Philosophy of tools and human potential

(01:06:17) Lightning round and final thoughts

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Referenced:

• Ürümqi: https://en.wikipedia.org/wiki/%C3%9Cr%C3%BCmqi

• Notion: https://www.notion.com/

• SpongeBob SquarePants: https://en.wikipedia.org/wiki/SpongeBob_SquarePants

• Augmenting Human Intellect: https://web.stanford.edu/class/history34q/readings/Engelbart/Engelbart_AugmentIntellect.html

• Alan Kay