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Product Management Design Question: Startup CEO creating housing search solution

Asked at Meta

15 mins

Imagine you're the CEO of a start-up. How would you build a product to help people find a place to live?

Product Design Medium Member-only
Product Strategy User Segmentation Problem Solving Real Estate Technology Urban Planning
User Experience Product Design Real Estate Tech Market Analysis Startup Strategy

Introduction

As the CEO of a start-up, building a product to help people find a place to live is an exciting challenge that addresses a fundamental human need. This problem space intersects with technology, real estate, and user experience, offering significant opportunities for innovation. I'll approach this by first clarifying our goals, understanding our users, identifying pain points, and then developing a solution that addresses these issues effectively.

Tip

Does this approach sound good? I'd be happy to adjust based on your feedback.

Step 1

Clarifying Questions

  • Based on the problem description, I'm thinking this might be a new start-up rather than an existing company's product. Is that correct?

Why it matters: This helps frame our resource constraints and potential for disruption. Expected answer: Yes, it's a new start-up. Impact on approach: We'll need to focus on lean methodologies and rapid iteration.

  • Given the broad nature of "finding a place to live," should we focus on a specific segment like rentals, home buying, or perhaps even temporary accommodations?

Why it matters: This narrows our scope and allows for a more targeted solution. Expected answer: Let's focus on rentals for now. Impact on approach: We'll tailor our solution to the unique challenges of the rental market.

  • Are there any geographic constraints we should consider, such as focusing on urban areas or specific countries?

Why it matters: Different regions have varying housing markets and regulations. Expected answer: Let's start with major urban areas in the US. Impact on approach: We'll need to consider local regulations and market dynamics in US cities.

Propose the Goal

Given our focus on rentals in urban US areas, I believe our goal should be to create a platform that simplifies and streamlines the rental search process, making it easier and more transparent for renters to find their ideal living space. Does this align with your vision?

Define the Scope

For this product design challenge, let's focus on creating a mobile app that helps renters find and secure apartments in major US cities. We'll assume we're starting from scratch with a small team and limited initial funding.

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