This document discusses lean product management for web 2.0 products. It defines lean product management as achieving product-market fit quickly in a resource-efficient manner. It discusses understanding customer needs, prioritizing features based on importance and satisfaction, designing easy-to-use user interfaces, gathering feedback through low-fidelity prototypes and pivoting based on learnings. The document provides a case study of validating a new product concept called MarketingReport.com through lean product management techniques without writing code.