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Uncategorized Archives - Page 6 of 8 - Development Corporate
Is Your Backlog Too Big? A New Technique for Prioritization
January 12, 2022

Is Your Backlog Too Big? A New Technique for Prioritization

How many items are in your product backlog? 50? 100? 500? A favorite tactic for product managers dealing with stakeholder suggestions is to tell them they ‘will put it in the backlog.’ Unfortunately, many backlog items will languish in the backlog for months or even years before being prioritized for a Sprint. Many years ago I inherited the product management of a B2B SaaS Managed File Transfer solution. The backlog had over 300 items. On average we completed 8 items per Sprint. It would have taken us 3 years to complete all the items in the backlog, assuming no new items were discovered or added. Is Your Backlog Too Big? And are there some new techniques you can use to prioritize it?

John Mecke Uncategorized
Zillow AI Goes Crazy. Causes $8 Billion Drop in Market Cap, a $304 Million Operating Loss, and 2,000+ Jobs
January 9, 2022

Zillow AI Goes Crazy. Causes $8 Billion Drop in Market Cap, a $304 Million Operating Loss, and 2,000+ Jobs

On November 2, 2021, Zillow announced its third quarter results. While total revenues were up 88% in comparison to 2020, Zillow missed its guidance and announced that they were shutting down their largest revenue stream, Zillow Offers.. The news wiped off 45% of Zillow’s market cap in less than a week. Zillow also announced layoffs of up to 25% of their staff. The root cause has been laid at the feet of Zillow’s AI Zillow’s algorithms overestimated the value of the homes for which they paid. At the same time, Zillow was aggressively expanding its purchasing program, acquiring more homes in the last two quarters than it had in the two years prior. Zillow’s Offer algorithm leveraged Facebook’s Prophet Python AI library.

John Mecke Uncategorized
Late Majority Product Management: Somebody Has to Do It
January 6, 2022

Late Majority Product Management: Somebody Has to Do It

2022 is an exciting time to be a product manager. It is a great time to be at the center of new product development. Product managers at firms that IPO’d in 2021 like Snowflake, Doordash, Palantir, Gitlab, FreshWorks, and Coinbase are riding high. Unfortunately, products in the early adopter and early majority stage of the technology adoption life cycle only account for a portion of the product managers working today. An equal, if not greater, number of product managers work on products that are in the late majority and laggard stages of the TALC. These products account for more than half of all software product revenue in 2021. Late majority product management is tough, but some has to do it.

John Mecke Uncategorized
Product Managers: How Can You Estimate Your Competitor’s Product Line Revenues?
January 4, 2022

Product Managers: How Can You Estimate Your Competitor’s Product Line Revenues?

Understanding your competitors’ product line revenues is critical. Revenue information helps to put the relative strength or weakness of a competitor into the proper context. It helps product managers to make the best decisions about priorities, investments, and focus. It is relatively straightforward to understand the total revenues of competitors. Product line revenues are tougher. There are a number of techniques you can use to estimate competitor product line revenues

John Mecke Uncategorized
2021 SaaS Metric Trends
November 3, 2021

2021 SaaS Metric Trends

Key Bank Capital Markets has recently published its 2021 SaaS Metrics report – its 12th annual installment The study covers over 230 SaaS companies from around the world. It includes SaaS companies from $500K in ARR to over $200 million. It covers over 25 topics from SaaS revenue growth to revenue churn and expense trends

John Mecke Uncategorized
Why Product Managers Should Do Customer Interviews at User Conferences
September 29, 2019

Why Product Managers Should Do Customer Interviews at User Conferences

It seems like an obvious thing — why wouldn’t product managers want to do customer interviews at user conferences? The simple answer is that most teams do not take the time and effort to plan an effective customer interview program at their user conferences. Product managers receive a lot of feedback during user conferences. Unfortunately the feedback is scattered, not well structured, or consistently documented. The usual result is a set of anecdotes collected from a small subset of customers. It is hard to turn feedback can into actionable intelligence. Product managers should do customer interviews in a structured process at user conferences.

John Mecke Uncategorized