What is the problem Joe and Brain identified? Suggest and formulate and solution set.

Problems

  1. Rising real-estate rent in San-Francisco.

  2. Tourists are looking for frequent, short-term affordable renting options.

Solutions:

  1. A common platform where an opportunity to share and pay real-estate rent making it affordable for the tenant.

  2. A market place to find and choose right (affordable/private/short term) renting options across San Francisco.

Identify assumptions of the solutions to the problem identified.

  1. Tourists/travellers are ready to stay with strangers to make their rent affordable.

  2. People/property owners are willing to rent their property frequently for short-terms to earn an extra income.

Describe the testable hypothesis around your assumptions.

  1. House owners would be willing to share their homes with strangers and also provide breakfast.

  2. Travellers would be willing to stay in a private room, with an unknown family in order to save their expenses.

    How to test:

    1. A small online survey (preferably through Google forms) targeting families can be conducted. Sample size 200 for San-Francisco city.
    2. A popular social media group/page of travellers can be used for creating a survey to capture their response. Sample size: ~1000.

Which of the above identified assumptions are risky?

Both the identified assumptions are risky.

List some of the minimum success criteria.

Minimum Success Criteria

  1. Enough number of beds/rooms

  2. Free WiFi

  3. Breakfast

  4. Enough amount of strangers/people willing to buy/rent the above

Which MVP building technique matches that of AirBnb?

In Airbnb’s case, their MVP was:

  1. A very basic website/Listing

  2. 3x airbeds

  3. 3. Breakfast

Their MVP Technique was:

Customer Interviews – Started with interviewing two people followed by many in the future only to prove that their hypothesis was true. This was followed by iterations.

Disclaimer: This case study was done from the point when Airbnb must have been starting off. Kindly observe in the same light. However, your suggestions are very welcome. Thanks!