"PS: Below is my solution. Appreciate if you can provide feedback to improve
Followup Questions:
Are you referring to Credit Cards or Debit Cards?
Assuming it's about Credit Card
Why does Capital One want to issue Virtual Cards? (want to know any specific goal in mind)
Want to improve security standards which will result in more usage (user purchases)
Which user segments do you want to target? (Want to if they are focusing value from a specific user segment)?
Assuming they are focu"
Naga M. - "PS: Below is my solution. Appreciate if you can provide feedback to improve
Followup Questions:
Are you referring to Credit Cards or Debit Cards?
Assuming it's about Credit Card
Why does Capital One want to issue Virtual Cards? (want to know any specific goal in mind)
Want to improve security standards which will result in more usage (user purchases)
Which user segments do you want to target? (Want to if they are focusing value from a specific user segment)?
Assuming they are focu"See full answer
"Situation- I was leading a product through a complete overhaul to a new replacement product, and at the same time had to maintain the old product.
Concern -
In the old product, the team was usually stuck 40-50% of the time in bug fixing
This could have hampered the velocity and GTM of the new product
Action
Localised the problem to one major component - Export and Import Function- had 90% contribution to the issues
Worked with the engineering team to diagnose the issue, the issue was i"
Umang S. - "Situation- I was leading a product through a complete overhaul to a new replacement product, and at the same time had to maintain the old product.
Concern -
In the old product, the team was usually stuck 40-50% of the time in bug fixing
This could have hampered the velocity and GTM of the new product
Action
Localised the problem to one major component - Export and Import Function- had 90% contribution to the issues
Worked with the engineering team to diagnose the issue, the issue was i"See full answer
"Clarifying Questions:
What age range are we looking at between 13-19? Any specific range we need to target? - Assume all teens
Any demography we would target? - Worldwide
Do they have access to phones/laptops or do we need to build an offline product? - Assume they have access to phones and laptops
Are there any constraints around privacy or content moderation? - Yes
What platform (Facebook core, Messenger, or another product) is this for? - Assume faceb"
Kartik D. - "Clarifying Questions:
What age range are we looking at between 13-19? Any specific range we need to target? - Assume all teens
Any demography we would target? - Worldwide
Do they have access to phones/laptops or do we need to build an offline product? - Assume they have access to phones and laptops
Are there any constraints around privacy or content moderation? - Yes
What platform (Facebook core, Messenger, or another product) is this for? - Assume faceb"See full answer
"50% of users spending money on play store at a global level sounds off I would factor this to maybe 20% of play store users
I'd go about solving for it as follows:
Play store revenue has multiple revenue sources and in my view all are significant contributors, they are as follows:
Ads
Subscription revenue from app
In app purchases
I'll start with TAM(user count) for google play store = (population x internet penetration rate x smart phone share of internet users MINUS china user ba"
Rahul G. - "50% of users spending money on play store at a global level sounds off I would factor this to maybe 20% of play store users
I'd go about solving for it as follows:
Play store revenue has multiple revenue sources and in my view all are significant contributors, they are as follows:
Ads
Subscription revenue from app
In app purchases
I'll start with TAM(user count) for google play store = (population x internet penetration rate x smart phone share of internet users MINUS china user ba"See full answer
"Background
A. Objective
Lyft has a presence in Toledo, Ohio. At our current revenue per ride of $6, we can match 60% consumers requesting a ride with a driver. Our goal is to maximize net revenues in the next 12 months by figuring out the optimal revenue per ride.
B. TLDR Summary
· With a target market of (~100K-138K) consumers, on a $25 charge to consumers, Lyft should pay $20.75 to drivers and fix its share at $4.25 to maximize its net revenues over a 12-mont"
Eshan P. - "Background
A. Objective
Lyft has a presence in Toledo, Ohio. At our current revenue per ride of $6, we can match 60% consumers requesting a ride with a driver. Our goal is to maximize net revenues in the next 12 months by figuring out the optimal revenue per ride.
B. TLDR Summary
· With a target market of (~100K-138K) consumers, on a $25 charge to consumers, Lyft should pay $20.75 to drivers and fix its share at $4.25 to maximize its net revenues over a 12-mont"See full answer
"I depends on the severity of the bug and the impact of the new feature. Is the bug a blocker and is having direct impact on the business flow? Is the new feature mission critical and has a major impact on customer experience, revenue, business, etc. Conduct an analysis. Include key stakeholders in this discussion."
Kiran K. - "I depends on the severity of the bug and the impact of the new feature. Is the bug a blocker and is having direct impact on the business flow? Is the new feature mission critical and has a major impact on customer experience, revenue, business, etc. Conduct an analysis. Include key stakeholders in this discussion."See full answer
"Here's my structure:
Align with interviewer on understanding of the product and state key assumptions
Product rationale
What is the product (1-2 sentences)?
Why does it exist? How does it fulfill Meta's mission?
Who are the key stakeholders and users of the product?
Business goal:
Key Users and value
User type
User flow (high level)
Intersection of value
North Star Metric
Supporting metrics for different user types
Counter-metrics"
Anonymous Bird - "Here's my structure:
Align with interviewer on understanding of the product and state key assumptions
Product rationale
What is the product (1-2 sentences)?
Why does it exist? How does it fulfill Meta's mission?
Who are the key stakeholders and users of the product?
Business goal:
Key Users and value
User type
User flow (high level)
Intersection of value
North Star Metric
Supporting metrics for different user types
Counter-metrics"See full answer
"Product Understanding -
Ads are what you see from companies as stories, posts, reels. Post are from users (connections). We have to design an experience which produces maximum engagement while generating ad revenue.
Clarifying Questions -
Is it specific to posts/stories/reels ?
Is there an existing post to ads ratio or do we have to start from scratch?
Is it specific to a device/OS?
Is it specific to a region/user demographic?
Assumption -
Existing posts to ads ratio"
Vishal S. - "Product Understanding -
Ads are what you see from companies as stories, posts, reels. Post are from users (connections). We have to design an experience which produces maximum engagement while generating ad revenue.
Clarifying Questions -
Is it specific to posts/stories/reels ?
Is there an existing post to ads ratio or do we have to start from scratch?
Is it specific to a device/OS?
Is it specific to a region/user demographic?
Assumption -
Existing posts to ads ratio"See full answer
"I would answer this question using MECE framework:
Profit = Revenue - Costs.
Revenue = # customers * price
In case of the trading platform, this could be translated into avg. trading activity per user * avg. commission rate . Ask if there has been any recent change to Active users or their trading activities. Similarly, ask if the commission rate has been changed recently.
Based on this information, you can then identify the problem and get to the root cause of this.
Similarly with Costs.
"
Alibi M. - "I would answer this question using MECE framework:
Profit = Revenue - Costs.
Revenue = # customers * price
In case of the trading platform, this could be translated into avg. trading activity per user * avg. commission rate . Ask if there has been any recent change to Active users or their trading activities. Similarly, ask if the commission rate has been changed recently.
Based on this information, you can then identify the problem and get to the root cause of this.
Similarly with Costs.
"See full answer
"8 Questions in 1 hr. no additional info is available from the interviewer, not much interaction. I still don't quite understand their objective."
Maggie Y. - "8 Questions in 1 hr. no additional info is available from the interviewer, not much interaction. I still don't quite understand their objective."See full answer
"A 25% drop-off rate at sign-up for a new app, especially one from Meta, indicates a significant challenge in onboarding and user retention. To analyze this, consider external, internal, and product-specific factors.
Identify Potential Causes:
External Factors:Competition: Are other platforms offering a more attractive or simpler signup process?
Timing: Is there a recent major event or trend that might be influencing user behavior?
User Experience: Is the signup process clunk"
Ankit kumar S. - "A 25% drop-off rate at sign-up for a new app, especially one from Meta, indicates a significant challenge in onboarding and user retention. To analyze this, consider external, internal, and product-specific factors.
Identify Potential Causes:
External Factors:Competition: Are other platforms offering a more attractive or simpler signup process?
Timing: Is there a recent major event or trend that might be influencing user behavior?
User Experience: Is the signup process clunk"See full answer
"Clarify-
1) How much time do we have to do this?- 2 years
2) Is there a goal for this product?- We are looking toward engagement towards the Olympics
3) Are we building this for a global auidience or just the US- Up to you
4) Should I keep Meta's mission in mind here? Not necessarily...thinking through the Olympic committee lens
Lets understand the Olympics. Its the games that are hosted once every 4 years. Its a global event that hosts many different athletes from various countries. There a"
Pratik H. - "Clarify-
1) How much time do we have to do this?- 2 years
2) Is there a goal for this product?- We are looking toward engagement towards the Olympics
3) Are we building this for a global auidience or just the US- Up to you
4) Should I keep Meta's mission in mind here? Not necessarily...thinking through the Olympic committee lens
Lets understand the Olympics. Its the games that are hosted once every 4 years. Its a global event that hosts many different athletes from various countries. There a"See full answer
"At a high level, the core challenge here revolves around building an effective recommendation algorithm for news.
News is an inherently diverse category, spanning various topics and catering to a wide array of user types and personas, such as adults, business professionals, general readers, or specific cohorts with unique interests. Consequently, developing a single, one-size-fits-all recommendation algorithm is not feasible.
To enhance the personalization of the news recommendation algorithm,"
Sai vuppalapati M. - "At a high level, the core challenge here revolves around building an effective recommendation algorithm for news.
News is an inherently diverse category, spanning various topics and catering to a wide array of user types and personas, such as adults, business professionals, general readers, or specific cohorts with unique interests. Consequently, developing a single, one-size-fits-all recommendation algorithm is not feasible.
To enhance the personalization of the news recommendation algorithm,"See full answer
"!! FEEDBACK WELCOME !!
Clarify question
By art we mean visual art, e.g. paintings? - Yes
Is this a solution to create art on Instagram or to showcase existing art on Instagram? - Create art
Why build this, Engagement or Acquisition? - Engagement
Reframe: We want to increase Instagram engagement through creation and sharing of art with followers.
Talking about the space
The Internet has over time continuously reduced barriers to creative expression. From blogging to Twitter"
Apurv K. - "!! FEEDBACK WELCOME !!
Clarify question
By art we mean visual art, e.g. paintings? - Yes
Is this a solution to create art on Instagram or to showcase existing art on Instagram? - Create art
Why build this, Engagement or Acquisition? - Engagement
Reframe: We want to increase Instagram engagement through creation and sharing of art with followers.
Talking about the space
The Internet has over time continuously reduced barriers to creative expression. From blogging to Twitter"See full answer
"Referring to https://www.forbes.com/sites/forbesbusinesscouncil/2022/03/23/15-strategies-for-balancing-competing-stakeholder-priorities/?sh=7c82aa68262f
Understand the conflicting priorities and align it with the goal/ objectives and the company mission.
Start with the Least Common Denominator between the conflicting priorities to come to a commonality and start from there to objectively approach the next imp priority
Always keep communication on and be transparent with 'equality' an"
Pramod V. - "Referring to https://www.forbes.com/sites/forbesbusinesscouncil/2022/03/23/15-strategies-for-balancing-competing-stakeholder-priorities/?sh=7c82aa68262f
Understand the conflicting priorities and align it with the goal/ objectives and the company mission.
Start with the Least Common Denominator between the conflicting priorities to come to a commonality and start from there to objectively approach the next imp priority
Always keep communication on and be transparent with 'equality' an"See full answer