Product managers are sometimes held wholly accountable for the success or failure of a launch. Additionally, we worked with a number of shared services groups including our architecture, database, release management, and support teams. They stated that our customers appreciated how easy the service was to use and that it saved them time and money as well. "This is about wanting to bring more institutional capital into the world of crypto," Greg Tusar, Coinbase's head of institutional product who formerly headed up Goldman's entire electronic trading platform, told BBG in an interview. Coinbase interviewers ask this question to ensure that the product manager they select understands the standard considerations they will be expected to make in their role. Additionally, most work is done in a team setting. Billing was not my area, but I reached out to the operations team to find out what the process for billing splits was anyway. Currently on contract at Coinbase until the end of August. I then work to estimate the portion of the total market share that the product I am working with will be able to represent. I realize we often work in a fast-paced setting with a lot of distractions, but I find that giving my full attention as much as possible offers big rewards. . "Product roadmaps are used to communicate several major components. Discovery 5. Would love to connect with anyone who has gone through this process. As the rounds are shorter than the onsite interviews at other companies, practice giving your answers quickly and concisely. I also love working as a product manager because I genuinely enjoy people and working on behalf of my customers. The sales staff repeatedly brought back positive customer feedback. I remind myself from time to time that negative feedback is not always a reflection of my work, but there is always something I can do about it. We are looking for an entrepreneurial, self-motivated Senior Product Manager who thrives in a fast-paced startup environment. I applied online. The right answer is wholly dependent on the situation and relies on a product manager's ability to accurately define the value stream and the cost of delay for the features that are not a top priority.". Either way, the company feels a bit overly stressful -- I understand the grinding culture and the benefits therein, but it feels like "grinding and work ethic" are excuses for a culture/company that hasn't figured out how to manage a multi-thousand employee-base. Youll face in-depth and challenging questions over the course of at least seven different interview rounds. There is a lot of wisdom to be found in the communities we live and work in. In these cases, I help my team members understand how the feature will be used and how it will directly add value to the customer experience. We offered easy-to-understand instructions for the new service as well as an explanation of the discount we were offering as an incentive to use the new service. The interview rounds were as follows: I would explain that the information we keep in the blockchain is ordered based on the date and time each trade happened. Plus, Coinbase's CEO weighs in on the company's staking product, and the new leader of Alphabet's investment firm CapitalG, Laela Sturdy, joins in an exclusive interview. Youll learn the relevant methods over the course of six detailed lessons, each with its own actionable to-do list to keep you on track. This work may be the ultimate responsibility of senior-level product managers. This information also helps all of the teams involved understand the downstream impact of delays in their work. These responsibilities rely heavily on a product manager's intuition and creative thinking abilities. The recruiter will ask about your product management experience, as well as why you want to work at Coinbase. Interviewers ask this question to assess a candidate's ability to explain a complex and technical concept in an easy-to-understand manner. It will help you perfect your step-by-step approach for each question type. This guide focuses on Facebook, but as Coinbase follows a similar interview process, it will be relevant for both companies. The purpose of this page is to help you prepare for your job interview. While we have a full guide to product design questions in our course, one tip for these questions is to always mention tradeoffs. I offered them a price reduction during the beta trial period. Our interview questions and answers do not represent any organization, school, or company on our site. It may sound trite, but it is true to say that every little bit I earn counts. Contact us here. Remember to include the reasoning behind your selection of your favorite methodology. The engineering interview is the only time when interviewers may ask questions to test your technical knowledge. The course includes lessons on how to answer all question types, examples of high-quality answers, mock interview videos, and more than 300 practice questions. Coinbase also emphasizes its values throughout the interview - research these and be sure to speak off of them throughout the interview day. Other questions that could come up in this interview are looking at an existing Coinbase Product and figuring out how youd evolve it. Finally, you should also try to practice product manager mock interviews with expert ex-interviewers, as theyll be able to give you much more accurate feedback than friends and peers. Finally, there are features that are necessary to keep a product going. Generally, the biggest tips here are to structure your thinking aloud, and state all assumptions you make as you go through the problem. Once a product manager has the appropriate context to work from, they can identify their top competitors as well as those who may be future competitors. I was asked to develop a strategy to reduce the chaos the staff experienced. I would explain that the blockchain represents the process of making sure the Pokemon cards are real and not fake. Here's a quick overview of the steps you may face along the way: Resume, cover letter, and referrals Recruiter phone screen (30-45 min) First-round interviews (2 rounds, 45 min each) Onsite interviews (4 rounds, 30-45 min each) I would review the internal data available from our customer service and sales teams as well as any performance data available through technical monitoring solutions. These will take place over video call and will last 45 minutes each. However, I have noticed there are a couple of difficult aspects of the role that require extra effort to ensure that I stay balanced and happy. As you answer your interviewers questions, ask yourself if your responses include examples that show how you: Our most important tip? While they are responsible for many of the aspects that contribute to the success of a product, the development and support of a product require work from many individuals who product managers do not have direct influence over. I would also reach out to current customers to walk them through the proposed changes and get a sense of how they would be affected. If all goes well, then this is your last step in the Coinbase PM interview process, and all you have to do is wait to (hopefully) receive your offer! The mission of Coinbase is to increase economic freedom around the world. Interviewers ask this question to ensure a candidate understands the need to address this important product development concept. "This is about wanting to bring more institutional capital into the world of crypto," Greg Tusar, Coinbase's head of institutional product, said in an interview. Interviewers at Coinbase ask this question to ensure a candidate can perform this level of tactical analysis in addition to more strategic work. No B2B PM questions, no finance questions. Product managers at Coinbase play an integral role in determining the features that are built within a product, but they are required to collaborate with engineering teams in many cases. I am creative and I like to do big picture thinking. Coinbase is certainly a tech company first, and a finance company second. "I would start by explaining that the blockchain is a tool that is used to make sure trades are handled properly and fairly. This interview will focus on how you analyze a set of constraints and problems to come up with the right set of metrics to measure success. I value learning about their cultures, their needs, and their wants and delivering products that improve their lives in some way. To do this effectively, they must be able to motivate others, address conflicts, and build and maintain relationships. How would you decide between launching a growth project or delaying because of the tech debt it would create? Coinbase PMs must be able to identify the most important problems facing their team and help come up with solutions for them. Coinbase operates in a fast-paced and highly competitive market. Here are some resources to get you started: As mentioned previously,Coinbase will ask you questions that fall into certain categories like behavioral, design, strategy, estimation, and metric questions. We weren't able to align on salary. I find that maintaining a positive outlook helps to inspire others to do the same while we work to address the issues that led to the poor review. Post Question Pick Random Coinbase (34) Question type Popular Trending Recent Answers Recent Questions Most Answers Most Views How would you improve YouTube? Coinbase was written by Karrie Day on April 25th, 2022. "Technical debt represents the cost that must be incurred to address technical quality issues that occur for various reasons during the development process. Should we alert customers of Coinbase about risky trades? Remember to discuss the process of backing any assertions you make as a product manager with metrics. I interviewed at Coinbase in Jan 2021. I would state that many people have a copy of the list in case we ever lose it or disagree about who owns a card.Finally, I would compare the card trading metaphor I used to cryptocurrency trading. According to CoinGecko . Don't interview without deeply understanding Coinbase's values -. They do not have as many trading options as Coinbase, but when I trade the more popular cryptocurrencies, I use Robinhood to avoid the fees.". In the next section, we'll discuss specific attributes Coinbase is looking for in interviews and how to prepare for them. That is very fulfilling for me. Don't interview for Coinbase until you finish reading our guide to Coinbase PM interviewing. "I worked with an operations team that managed client billing for a large studio company. Our goal is to create interview questions and answers that will best prepare you for your interview, and that means we do not want you to memorize our answers. We launched the product and I worked alongside my clients for the first two weeks of the launch to ensure that I was available to help resolve any issues. I also work to understand projections for growth within the product sector. Remember to include the cross-functional development roles you have experience working with in your answer (engineer, project manager, program manager, analyst, user interaction designer, etc.). [from Coinbase], Tell me about the technical complexities of this (past project on resume) [from Coinbase], Explain recursion to my grandmother [from Google], How does the internet work? Remember to describe the value that the feature you describe offers to you. So, before your interviews, study up on the company. The first is a lack of education or information. The work was highly technical and mission-critical. Coinbase is open and clear about seeking candidates that use direct communication and active listening skills. If applicable, I would also monitor time spent using my product as this may also be indicative of user satisfaction levels. Coinbase. This could include technical debt work, customer support features, operations features, marketing features, etc. Describe a successful product launch you were responsible for. Candidates who promote a social agenda in their response may not be selected for a follow-up interview. I interviewed at Coinbase in Dec 2021. Product management at Coinbase is incredibly rewarding, with its huge scale and mission to create an open financial system for the world. This research also helps provide context for the metrics I monitor internally.". This is a very analytical, metric- and KPI-focused interview. Here is a list of product questions recently asked at Coinbase. Thankfully, the right preparation makes all the difference. Many companies aim to hire "top talent". Then did the first two interviews and literally never heard back despite hours of prep, etc. I have developed a number of practices that help me to stay on track while working from home. Be ready to share your product experience and enthusiasm for cryptocurrency, as well as how all of that ties in with Coinbases vision. Being relaxed, calm, and confident is the key to success in these interviews. Coinbase Product Manager Interview Questions Updated 1 Sep 2022 Find Interviews To filter interviews, Sign In or Register. It is typically a good strategy to ensure that all of the basic needs are met well before expanding. Learn more here. I tracked metrics on the number of bookings that our customers were able to schedule. This information usually comes through direct conversations with peers and others in my network. [from Facebook], To take a deeper dive into the execution interview, check out our, Give it a try using real Coinbase PMleadership interview questions from Glassdoor and Blind, which weve listed below. Well explore product sense and execution interview questions in section 2. Opens the Fishbowl by Glassdoor site in a new window. Mission and vision of the company is very important I like to get to the point, and I often use an approach I learned in a facilitation class called 'give the headline first' to help people know immediately where I am going in a conversation. Check out a sample role play execution mock interview video to get a sense of how they work. Example PM interview questions: Product execution. I remember what it was like as a beginner, and I understand what the needs of a Coinbase Pro user are as well. Youll need to consider who the user is and what their needs are, how youll create value, how to design the product, and what setbacks may come your way. They partner regularly with product managers during specific projects to ensure products are developed in the right way. The improvement should clearly demonstrate value to external customers, internal operations groups, or both. It is easy to veer off course in a fast-paced environment, so regular check-ins to ensure we are focused on the right things at the right time would foster alignment at the highest level.". I was responsible for coordinating the work of a cross-functional team of analysts, engineers, and testers. Per the Kano Model, I consider the impact of feature sets on customer delight and product function. Survived todays layoffs, but its seems clear they wont have openings to hire me at the end of my contract. They need to know how to drive product delivery from the inception phase all the way to the end of a product's lifecycle. An interviewer may ask a question like this to assess a candidate's ability to discuss their vision for a product's design. We had much more work than we had left in our budget for the year, so I suggested we apply the 80/20 rule. Example PM interview questions asked at Coinbase: Product sense. Many of the positions at Coinbase are remote. For example, a product manager might say no to a client who requests a feature that would cost more money than their budget can allow. Product managers sometimes stick with a product or a feature set for a long time.