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Tom Alterman

AMA: Notable Head of Product, Tom Alterman on Building 0-1 Products


April 23, 2024 @ 10:00AM PT

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  1. What is your first step in developing a 0-1 product?

    I haven't heard the phrase 0-1 products before and would love to learn more about it.

    Tom Alterman
    Tom Alterman

    Notable Head of Product • 2y

    The first step in developing a 0-1 product is to deeply immerse yourself in the problem space and understand the users experiencing this problem. This foundational understanding is crucial as it ensures that the product development is user-centered and data-driven. By starting with a thorough grasp of the problem and user needs, you minimize the risk of building something that fails to address genuine demands, maximizing resource efficiency and adaptability in your development process. Here's th ...Read More

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  2. How do you know when to invest in a second product and become a multi-product company vs innovating on your existing product?

    Tom Alterman
    Tom Alterman

    Notable Head of Product • 2y

    Deciding to launch a second product and transform into a multi-product company isn't just about diversifying your portfolio—it's a strategic choice that should be deeply aligned with your long-term vision and the realities of the market. It's crucial you base this decision on solid evidence and careful analysis, ensuring that expanding your product lineup truly benefits your core mission, business and customer needs. Here’s the approach I take: Assess Market Saturation and Growth Potential: Chec ...Read More

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  3. What key activities do you do to validate problem statements?

    Tom Alterman
    Tom Alterman

    Notable Head of Product • 2y

    It really depends on what the problem statement is and the hypothesis is. If it's about learning from existing needs and behaviors I conduct interviews, surveys, and sometimes observational studies to see firsthand how users experience the problem. This helps confirm whether the problem statement reflects real user challenges. Once your trying to understand if your solution hypothesis is valid, it's then time to figure out the cheapest thing you can build (maybe even just use humans) to validate ...Read More

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