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U.S. population
300M
California population
40M
NYC population
8.5M
U.S. Households
130M
Median Household income
80K
90 Min movie
1.5GB
Phone Camera Pic
5MB
Click through rate google ad
5%
Google revenue
$350B
Air B&B Revenue
15B
Meta Revenue
$150B
Apple Revenue
500B
Google R&D Budget
15%
Google Sales & Marketing
10%
Google General + Admin
5%
Netflix users
300M
Uber drivers
8.8M
Google G-Suite
2.5B MAU
Casual Users
70%
Moderate users
20%
Power users
10%
Pure consumers(creator economy)
95%
Occasional posters
3-4%
power creators
0.1%
sf population
800,000
Defining a metrics(northstar)
Goals of product
Actions of users that are important
Metrics: Create metrics that measure those actions
Evaluate metrics: timeframe,pros,cons,gaurdrails
Understanding a change in metric
Outside contexts
Examine user segments
Walk through user flow
Other solutions to value prop? Inside or outside
Clarify where we would get data from(teams)
Product Vision
CLAIRFYING QUESTONS
Define User segments → Focus on a specific one and why
Identify user pain points + highlight company differentiator
Generate solutions for various pain
Prioritize one solution using impact effort risk
Summarize proposal + tradeoffs + success metrics
Strategy questions
Clarify vagueness of every word
DEFINE the goal of the product and steps of value creation
Examine landscape and identify what affects our decision:
Market & Competition, Public opinion, Technology, Regulation,Current users
Focus our priorities based on mission
Establish options → Select one
Consider Launch strategy + success metric
Execution questions
Understand goals and strategic context
Outline steps to take with immediate and broader team
Highlight tradeoffs and how you would collect/share information
Close the loop on the issue