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Product management…
                an evolution.



                                                         Brian Fitzgerald
                                                 VP, Product Development
                                                      September 17, 2011

                        Product Camp NYC, 2011




My last 16 years!
Learning




           !"
                           Paying my bills
                        Product Camp NYC, 2011
I like to make things!




  #"
                         Product Camp NYC, 2011




                     Established 2008




                         Product Camp NYC, 2011
Long on vision!




         To be the data platform
         powering the world’s
         education.




  $"
                    Product Camp NYC, 2011




Decent sized industry!




  %"
                    Product Camp NYC, 2011
Knewton: B.P.M.
                (before product management)




                             Product Camp NYC, 2011




The founder

•         Former Kaplan exec
•         “Change agent” for the Kaplan test prep
          product
•         Brut-force adaptive learning - early 90’s
•         Slightly rebellious…“Broke the code” for a
          certain standardized testing question type,
          forcing ETS to pull revise their tests;
          earned the name “the antichrist.”
•         Knewton was percolating
          in his head for ~15 years…




     &"
                             Product Camp NYC, 2011
A legend among legends!

     Meeting #1…




                                     Meeting #2…




     '"
                        Product Camp NYC, 2011




A team who just might be able to pull it off!


•         Young
•         Exceptionally bright
•         Hungry
•         Tireless




     ()"
                        Product Camp NYC, 2011
Start up style


•     Product was purely CEO’s vision
•     A willing team building on demand
•     Real time cycles
•     No direct customer input/revisions for v1




     (("
                    Product Camp NYC, 2011




The build goal


•     v1 of the adaptive learning platform
•     Live streaming classroom
•     On demand student experience
•     Develop all of the content
•     A content management system
•     Pre-market
•     Launch a GMAT course
•     …in 6 months!


     (!"
                    Product Camp NYC, 2011
Knewton: A.P.M.
             (after product management)




                    Product Camp NYC, 2011




My arrival

•  April, 2009
•  1st product person
•  740 feature ideas in the hopper




  (*"
                    Product Camp NYC, 2011
So!now what?

•     CEO’s perception: “move faster, do more
      things!”
•     CTO’s desire: “need a buffer, let’s move slower
      so I can scale this”
•     New head of research: “we’re almost at rung
      #1 on a very tall adaptive learning ladder”
•     Academic team: “finally, we can fix course
      development tools and broken student features”
•     Me: “focus, brian, focus…”




     ($"
                         Product Camp NYC, 2011




A healthy tension



                              The
                              disruptive
                              visionary


                          Balance
           The
                          Synthesis
                                                  The academic
           consumer
           app guy
                          Decisiveness            pragmatist




                              The product
                              minded techy

     (%"
                         Product Camp NYC, 2011
Align on goals

•     Collective view of the landscape
•     Agreement on the business strategy?
•     Validate with customers
•     What are we committing to for resources?
•     What is core to our business?




     (+"
                     Product Camp NYC, 2011




Business drivers


•     Acquire new customers
•     Generate meaningful data
•     Engage existing customers
•     Gain operational efficiency




     (&"
                     Product Camp NYC, 2011
Introducing tools

•  Long term roadmap

•  Focus projects

•  Roadmap review

•  Lightweight
   requirements/user
   story templates,
   backlogs,
   retrospectives, 5-
   whys


  ('"
                    Product Camp NYC, 2011




1 Pager

•  1 page pitch (“vision
   and scope”)
•  Anyone can do one
•  Aligning with focus
   projects for a better
   chance at daylight
•  ROI/metric driven is
   essential for making
   the business case
•  Feedback is promised

  !)"
                    Product Camp NYC, 2011
A Well-rounded product team


•     Uncompromising on hiring
•     Varied skillsets; cross-training
•     Data driven
•     Consistent coaching
•     Ideas from everywhere
•     Product managers spread the
      culture throughout the org



     !("
                        Product Camp NYC, 2011




UX!it matters (a lot)




     !!"
                        Product Camp NYC, 2011
Building Product Culture


•     Product before revenue
•     Customer centric
•     Creating space vs. churning features
•     Iterative process – customer feedback
•     Sketchstorming
•     What is the 1 feature customers will
      remember?



     !#"
                     Product Camp NYC, 2011




Hack days




     !*"
                     Product Camp NYC, 2011
A word about transparency!


•     What are we working on, and why?
•     What are we choosing not to pursue?
•     Pre-release sharing
•     Exposing decisions (teachable moments)
•     Acknowledgement of success
•     Brown bags




     !$"
                     Product Camp NYC, 2011




Scaling Challenges


•     Parallel tracking
•     Product groups
•     Staffing
•     Knowledge transfer




     !%"
                     Product Camp NYC, 2011
The F word (focus)

•  It’s painful
•  It’s especially hard once you’ve built a
   participatory culture
•  But, it matters more than anything
•  Card sorting




  !+"
                     Product Camp NYC, 2011




                 Product stages




                     Product Camp NYC, 2011
Pivot: Test Prep


•  Proof of concept
•  Direct to consumer
•  Immediate revenue generation




     !'"
                     Product Camp NYC, 2011




Pivot: Higher Education


•     Math Readiness, Blended Learning
•     Big data
•     Institutional customers
•     Use of API




     #)"
                     Product Camp NYC, 2011
Pivot: Open Platform


        !"#$%&"'%()%*+%&,%'           -$-)"+.%'/%-*&+&0'              -&-/1"+,!'           -)+'




• Self Paced                    • Atomic-concept-             • What students      • RESTful
  Environment                     based learning                know                 interface
• Game-like flow                  objects                     • How students       • Course creation
  dynamics                      • # of practice                 learn best         • Personalized
• Social learning                 items                       • Content efficacy     recommendation
• Personalized                  • Difficulty level            • Cohort analysis      s
  UX                            • Format & media                                   • Analytics
                                • Time of day
                                • Bite size/
                                  Frequency
                                • Retention




  #("
                                             Product Camp NYC, 2011




                              Which brings us to today…




                                             Product Camp NYC, 2011
Knewton platform transforms education

 Adaptive learning, adaptive tutoring, adaptive engagement          unique lifelong learning profiles


                   Individual profile data                        Network Effect




                                            2345673'
                                        *4879943:;<73'
             1000s data/day                  !=>649'                    Combined power of
                                                                         millions of users




                 Learning path optimization                      Evolutionary algorithm



                                            ?@43')A;B7C9'
            ,-./0123/"45.6"78,9":;<5-=".;420>"?/@1A?/0</".;;@?".;"30/2./"B/0?;-2@5C/>"@/20-5-="
                                              /DB/05/-3/?"
                                                                                                                         33

                                        Product Camp NYC, 2011




 Knewton Adaptation                                                           /"#$%&'()$001




                                                                                       /30032'56




•    Knewton Knowledge Graph
•    Proficiency Estimation                                                      /3003142-




                                                                                 /3003:5;
                                                                                                         /"#$%&'()$002




•    Activity Selection
                                                                                                           /300375/



                                                                                                               /30038




•    Machine learning, data mining                                                                          /30039




•    Delivering optimized learning
     content
                                                                                       !"#$%&'()$*+,-.




                                                                                             !3*3152




                                                                                              !3*3:




                                                                                             !3*3;57




                                        Product Camp NYC, 2011
Knewton Knowledge Graph




                                                                                                    !



                                 Product Camp NYC, 2011




Big data meets the world’s biggest data industry




                                                                      E-/4.;-".;>2J"
/75F94:GH9'>6;D4>':;6;'                                                K?/0?L"65=6/?."?.2M/?">2.2"

                                                                       ())?"A"(9)))?";1">2.2"B/0"
LM>'7N':;6;'@7G36>'@4C'H>4C'@4C':;='                                   G?/0"B/0">2J"
                                                                      E-/4.;-"5-"!)(#"
                                                                       N2?32>/"/O/3.?P"/236"
 +>7A;64:':;6;I'@77C'87CC4A;<73>I'AGJA4'6;KKG3K'                       >2.G:"5-?.2-.@J"B0;>G3/?"
                                                                       (9)))?":;0/">2.2"Q>G/".;"
                                                                       3;00/@2H;-?9"65/020365/?RS"

                               ,::/-?/"34657CD'4E486>'
                    E-/4.;-"5?"FG5@>5-=".;420>"=/-/02H-="())9)))I""
                           :/2-5-=1G@">2.2"B;5-.?"B/0">2J"
                                                                                                        #%"

                                 Product Camp NYC, 2011
What does it mean for students?




     #+"
                          Product Camp NYC, 2011




My most important lessons

•     Refuse to start running without goals; alignment may
      bring conflict, but don’t avoid it
•     Transparency takes time, but matters – trains the org
•     Process should be like pajamas – on, but not tight
•     Committing to a customer-driven, iterative process is
      not at odds with innovating
•     Expect that building product for scale will lead you down
      a different path
•     Don’t underestimate people’s fear of shipping – but
      make them do it
•     Focus is really, really hard when you work with creative,
      convincing people
     #&"
                          Product Camp NYC, 2011
thank you.


                           Brian Fitzgerald
                           brian@knewton.com
                           19 Union Square West
                           New York, NY 10003
                           212-KNEWTON


  Product Camp NYC, 2011

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Brian Fitzgerald Product Camp 11 Keynote

  • 1. Product management… an evolution. Brian Fitzgerald VP, Product Development September 17, 2011 Product Camp NYC, 2011 My last 16 years! Learning !" Paying my bills Product Camp NYC, 2011
  • 2. I like to make things! #" Product Camp NYC, 2011 Established 2008 Product Camp NYC, 2011
  • 3. Long on vision! To be the data platform powering the world’s education. $" Product Camp NYC, 2011 Decent sized industry! %" Product Camp NYC, 2011
  • 4. Knewton: B.P.M. (before product management) Product Camp NYC, 2011 The founder •  Former Kaplan exec •  “Change agent” for the Kaplan test prep product •  Brut-force adaptive learning - early 90’s •  Slightly rebellious…“Broke the code” for a certain standardized testing question type, forcing ETS to pull revise their tests; earned the name “the antichrist.” •  Knewton was percolating in his head for ~15 years… &" Product Camp NYC, 2011
  • 5. A legend among legends! Meeting #1… Meeting #2… '" Product Camp NYC, 2011 A team who just might be able to pull it off! •  Young •  Exceptionally bright •  Hungry •  Tireless ()" Product Camp NYC, 2011
  • 6. Start up style •  Product was purely CEO’s vision •  A willing team building on demand •  Real time cycles •  No direct customer input/revisions for v1 ((" Product Camp NYC, 2011 The build goal •  v1 of the adaptive learning platform •  Live streaming classroom •  On demand student experience •  Develop all of the content •  A content management system •  Pre-market •  Launch a GMAT course •  …in 6 months! (!" Product Camp NYC, 2011
  • 7. Knewton: A.P.M. (after product management) Product Camp NYC, 2011 My arrival •  April, 2009 •  1st product person •  740 feature ideas in the hopper (*" Product Camp NYC, 2011
  • 8. So!now what? •  CEO’s perception: “move faster, do more things!” •  CTO’s desire: “need a buffer, let’s move slower so I can scale this” •  New head of research: “we’re almost at rung #1 on a very tall adaptive learning ladder” •  Academic team: “finally, we can fix course development tools and broken student features” •  Me: “focus, brian, focus…” ($" Product Camp NYC, 2011 A healthy tension The disruptive visionary Balance The Synthesis The academic consumer app guy Decisiveness pragmatist The product minded techy (%" Product Camp NYC, 2011
  • 9. Align on goals •  Collective view of the landscape •  Agreement on the business strategy? •  Validate with customers •  What are we committing to for resources? •  What is core to our business? (+" Product Camp NYC, 2011 Business drivers •  Acquire new customers •  Generate meaningful data •  Engage existing customers •  Gain operational efficiency (&" Product Camp NYC, 2011
  • 10. Introducing tools •  Long term roadmap •  Focus projects •  Roadmap review •  Lightweight requirements/user story templates, backlogs, retrospectives, 5- whys ('" Product Camp NYC, 2011 1 Pager •  1 page pitch (“vision and scope”) •  Anyone can do one •  Aligning with focus projects for a better chance at daylight •  ROI/metric driven is essential for making the business case •  Feedback is promised !)" Product Camp NYC, 2011
  • 11. A Well-rounded product team •  Uncompromising on hiring •  Varied skillsets; cross-training •  Data driven •  Consistent coaching •  Ideas from everywhere •  Product managers spread the culture throughout the org !(" Product Camp NYC, 2011 UX!it matters (a lot) !!" Product Camp NYC, 2011
  • 12. Building Product Culture •  Product before revenue •  Customer centric •  Creating space vs. churning features •  Iterative process – customer feedback •  Sketchstorming •  What is the 1 feature customers will remember? !#" Product Camp NYC, 2011 Hack days !*" Product Camp NYC, 2011
  • 13. A word about transparency! •  What are we working on, and why? •  What are we choosing not to pursue? •  Pre-release sharing •  Exposing decisions (teachable moments) •  Acknowledgement of success •  Brown bags !$" Product Camp NYC, 2011 Scaling Challenges •  Parallel tracking •  Product groups •  Staffing •  Knowledge transfer !%" Product Camp NYC, 2011
  • 14. The F word (focus) •  It’s painful •  It’s especially hard once you’ve built a participatory culture •  But, it matters more than anything •  Card sorting !+" Product Camp NYC, 2011 Product stages Product Camp NYC, 2011
  • 15. Pivot: Test Prep •  Proof of concept •  Direct to consumer •  Immediate revenue generation !'" Product Camp NYC, 2011 Pivot: Higher Education •  Math Readiness, Blended Learning •  Big data •  Institutional customers •  Use of API #)" Product Camp NYC, 2011
  • 16. Pivot: Open Platform !"#$%&"'%()%*+%&,%' -$-)"+.%'/%-*&+&0' -&-/1"+,!' -)+' • Self Paced • Atomic-concept- • What students • RESTful Environment based learning know interface • Game-like flow objects • How students • Course creation dynamics • # of practice learn best • Personalized • Social learning items • Content efficacy recommendation • Personalized • Difficulty level • Cohort analysis s UX • Format & media • Analytics • Time of day • Bite size/ Frequency • Retention #(" Product Camp NYC, 2011 Which brings us to today… Product Camp NYC, 2011
  • 17. Knewton platform transforms education Adaptive learning, adaptive tutoring, adaptive engagement unique lifelong learning profiles Individual profile data Network Effect 2345673' *4879943:;<73' 1000s data/day !=>649' Combined power of millions of users Learning path optimization Evolutionary algorithm ?@43')A;B7C9' ,-./0123/"45.6"78,9":;<5-=".;420>"?/@1A?/0</".;;@?".;"30/2./"B/0?;-2@5C/>"@/20-5-=" /DB/05/-3/?" 33 Product Camp NYC, 2011 Knewton Adaptation /"#$%&'()$001 /30032'56 •  Knewton Knowledge Graph •  Proficiency Estimation /3003142- /3003:5; /"#$%&'()$002 •  Activity Selection /300375/ /30038 •  Machine learning, data mining /30039 •  Delivering optimized learning content !"#$%&'()$*+,-. !3*3152 !3*3: !3*3;57 Product Camp NYC, 2011
  • 18. Knewton Knowledge Graph ! Product Camp NYC, 2011 Big data meets the world’s biggest data industry E-/4.;-".;>2J" /75F94:GH9'>6;D4>':;6;' K?/0?L"65=6/?."?.2M/?">2.2" ())?"A"(9)))?";1">2.2"B/0" LM>'7N':;6;'@7G36>'@4C'H>4C'@4C':;=' G?/0"B/0">2J" E-/4.;-"5-"!)(#" N2?32>/"/O/3.?P"/236" +>7A;64:':;6;I'@77C'87CC4A;<73>I'AGJA4'6;KKG3K' >2.G:"5-?.2-.@J"B0;>G3/?" (9)))?":;0/">2.2"Q>G/".;" 3;00/@2H;-?9"65/020365/?RS" ,::/-?/"34657CD'4E486>' E-/4.;-"5?"FG5@>5-=".;420>"=/-/02H-="())9)))I"" :/2-5-=1G@">2.2"B;5-.?"B/0">2J" #%" Product Camp NYC, 2011
  • 19. What does it mean for students? #+" Product Camp NYC, 2011 My most important lessons •  Refuse to start running without goals; alignment may bring conflict, but don’t avoid it •  Transparency takes time, but matters – trains the org •  Process should be like pajamas – on, but not tight •  Committing to a customer-driven, iterative process is not at odds with innovating •  Expect that building product for scale will lead you down a different path •  Don’t underestimate people’s fear of shipping – but make them do it •  Focus is really, really hard when you work with creative, convincing people #&" Product Camp NYC, 2011
  • 20. thank you. Brian Fitzgerald brian@knewton.com 19 Union Square West New York, NY 10003 212-KNEWTON Product Camp NYC, 2011