I have a product interview coming up and one of the questions is “what is a product you know a lot about , tell me it’s functions, issues, how it can be improved , and market space"

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You analyze a product.... e.g. nail polish. Made originally using nitrocellulose, it is closely tied into the paint and varnishes industries as the research that goes into making a better product (even coats, quick drying, no chipping, flexibility, ability to hold color and shine) are all tied into that industry as well. The market is pretty saturated with conventional polishes, but a new niche is forming - anti deadly 7 varnishes- which are straying from conventional polish ingredients to remove the more caustic substances while delivering a product that is just as good. They’ve managed to do this at a price point on par with other varnishes available, however, struggle because of their distribution abilities (are not in nail salons, regular grocery stores, etc) though that may be by choice......

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Very helpful thanks !

They just want to know that you pay attention to stuff and think about it. Them giving you the heads up on that question means you have time to do some research though, so get numbers to help your argument. Want to blow them away - make a PowerPoint.
OP what kind of job are you hoping to transfer in to? And congrats on the interview!

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This is for a cap one interview

^what they said

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How do I go about answering this ?

These are very simple questions re:product. Use your consulting breakdown skills to analyze this product.

Listen to superhumans twenty minute vc elisode

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