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UNBARRIER
Total Interviews Performed: 149
Interviews Since Last Class: 11
Cece Chen MBA’17
Michelle Wiryadi MS&E’17
Nand Sophonpanich BSOR’18
Nilanjana Goel MS&E’17
UNBARRIER
Day 1
2
1. Organizations:
• Tighter community with
less turnover
• Distinguishes building to
prospective tenants
• Happy residents; good
reviews and referrals
• Organizing group
meetings, notifying of
emergencies to residents
1. Members:
• Meet neighbors with
common interests
• Have fun
• Enhanced living
experience
• Exchange
important/emergency
information with
neighbour(s) and
management
• report problems/
complaints to
management
Organizations
1. Initial collaboration with
managers
2. Provide great, consistent
experience and
continuous support
3. Execution of specific
requests from managers
Members
1. Find users active in
interacting with
management
2. Find initial event
organizers
1. Variable costs (sales and marketing,
maintenance/operations)
2. Fixed Costs – technology maintenance and
overhead/SG&A (servers, developers)
Subscription model based on number of active users
for the community
1. Organizations:
Property
management
firms for high-rise
apartments;
Graduate
Schools;
Undergraduate
schools,
organizations/stu
dent clubs
1. Members: high-
rise apartment
residents
(smartphone
users); University
housing
residents;
members of
student clubs
1. Proving concept at a
few pilot properties
2. Finding/selling to
prospects
3. Adverting
4. Analyzing usage and
popular events
5. Providing ongoing
maintenance and
support
6. Collecting feedback
High-rise apartments
1. advertisements in
magazines
2. bundle package with
property management
softwares
Graduate Schools
1. Student petition to
housing managers for
use of app
Members
1. In building posters
2. Brochures
3. email
.
1. Property
management
firms
2. University
housing
3. Graduate
Schools
4. Private hostels
5. Clubs and
organizations
6. Local
businesses
1. Property
management
decision makers
2. School
housing/operations
decision makers
Key
Partnerships
Key
Resources
Key Activities
Revenue StreamsCost Structure
Channels
Customer
Relationships
Value
Proposition
Customer
Segments
3
UNBARRIER
Day 2
4
Get
1. Direct sales
2. Word of mouth
Keep
1. continual support
2. feedback customization
Grow
1. Increase local business
partnerships
2. Development of new
features
3. Expansion to new cities
1. Variable costs (sales and marketing,
maintenance/operations)
2. Fixed Costs – technology maintenance and
overhead/SG&A (servers, developers)
Subscription model based on number of active users
for the high-rise building
1. Proving concept at a
few pilot properties
1. Providing ongoing
maintenance and
support
1. Collecting feedback
Property Management
1. Website
2. Direct Sales
Residents
1. brochures
2. wall postings
1. Property
managemen
t firms
2. University
housing
3. Graduate
Schools
4. Private
hostels
5. Clubs and
organization
s
6. Local
businesses
Physical
1. IT Infrastructure
Human
1. Industry
Contacts
2. Engineers
Key
Partnerships
Key
Resources
Key Activities
Revenue StreamsCost Structure
Channels
Customer
Relationships
Value
Proposition
Customer
Segments
1
Property management
Companies
1. “resident focused”
property
management
software that helps
them retain
residents.
Residents
1. Platform to interact
with one another
for:
a. social events
b. other activities
● splitting
rent
● organizing
move out
sales
2. User friendly
interfaces
Organizations
1. Operators
(PMC) of
high-rise NYC
buildings who
are open to
technological
solutions
2. Universities
3. Student Clubs
Residents
1. residents in
high-rise
buildings
2. University
housing
residents
3. Student club
members
5
190K
($1.4M*)
Total Available Market
(total rental units in US)
Served Available Market
(total rental units in Manhattan)
Target Market
(rental units in high rise
buildings with >100 units)
42.58M1
($1.02B**) 0.59M
($14.2M**)
1US Department of Housing and Urban Development, 2015
2National Multifamily Housing Council
3 http://www.landlordstation.com/blog/new-york-city-apartment-rental-statistics/
**assume 2 residents/unit (reference: BuildingLink); *assume 30% user adoption & $1/mo/user
2
3
UNBARRIERMarket Size
6
Day 3
7
Get
1. Direct sales
2. referral
Keep
1. Continual support
2. Feedback customization
Grow
1. Increase local business
partnerships
2. Development of new
features
3. Expansion to new cities
4. Referrals
1. Variable costs (sales and marketing,
maintenance/operations)
2. Fixed Costs – technology maintenance and
overhead/SG&A (servers, developers)
Subscription model based on number of apartment
units that a Property Management Company operate
1. Proving concept at a few
pilot properties
1. Providing ongoing
maintenance and support
1. Collecting feedback
Property Management
1. Website
2. Direct Sales
residents
1. Brochures
2. Wall postings
1.Property
management
firms
2.Cloud service
providers
Physical
1. IT Infrastructure
Human
1. Industry Contacts
2. Engineers
Key
Partnerships
Key
Resources
Key Activities
Revenue Streams
Cost Structure
Channels
Customer
Relationships
Value
Proposition
Customer
Segments
Property management
Companies
“Resident focused” property
management software tool
that helps them build
community feel and collect
positive feedback and retain
residents.
Residents
1. Platform to interact
with one another
for:
a. social events Group
activities like games,
sports etc.
b. other activities
● splitting
rent
● organizing
move out
sales
2. User friendly
interfaces
Property
Management
Companies
1. Director of
Leasing
Operators of
high-rise
(>100 units
and have
open spaces)
NYC buildings
Residents
1. Working
professionals
and young
families
residents in
high-rise
buildings
8
Identifying Focus Groups UNBARRIER
21-25 Working Professionals
26-35 Working Professionals
Married Couples
Families with Children age 1-10
Families with Children age 11-20
65 and older retired individuals
Director of Leasing
Regional Property Manager
VP of Sales
Property Owners
9
Customers Users
● Find petsitters
● Find playdates for
pets
● Find walkers
● find someone to
take care of their
pets when away
UNBARRIER
Customer Segment & Product/Market Fit
CustomerSegmentValueProposition
Working
Professionals
Young Families
X
Moms
● 26-35 years old
● High disposable
income
● New to the city
Young adults who are
interested in
expanding their social
networks and finding
a community in the
city.
● 25-35 years old
● High disposable
income
● Caregiver
Young moms who are
interested in finding a
supportive and
nurturing “mom”
community in the
building.
Pet Owners
● 21-35 years old
● High disposable
income
● Busy schedule
Pet owners who have
a busy schedule but
needs care for their
pets and seeks an
affordable means of
caring for their pets.
Director of
Leasing
● 25-50 years old
● Seeks management
recognition
● Seeks better KPI
Director of leasing
who is interested in
increasing resident
retention rate and
improving resident’s
living experience.
● Meet new people
● Increase social
interactions and
engagement in
activities
● Be part of a stronger
community
● Families to have
playdates with
● Information
exchange forum
● Goods marketplace
● Build stronger
community feel
● Obtain feedback
from residents
10
Petal Diagram
UNBARRIER
11
UNBARRIER
Event
planning/Lifestyle
Consultants
Social Apps
Co-Living
Companies
Property
Management
Softwares
UNBARRIER
Day 4
12
1. Variable costs (sales and marketing,
maintenance/operations)
2. Fixed Costs – technology maintenance and
overhead/SG&A (servers, developers)
Subscription model based on number of units users
that opt-in to the service.
1. Proving concept at a
few pilot properties
1. Providing ongoing
maintenance and
support
1. Collecting feedback
Property Management
1. Website
2. Direct Sales
Residents
1. Brochures and flyers
2. E-mail
3. Appstore
1.Property
management
firms
2. Cloud service
providers
Physical
1. IT
Infrastructure
Human
1. Industry
contacts
2. Engineers
3. Sales
Key
Partnerships
Key
Resources
Key Activities
Revenue StreamsCost Structure
Channels
Customer
Relationships
Value Proposition
Customer
Segments
Property management
Companies
“Resident focused” tool
that helps them build
community feel and collect
feedback
Residents
Working professionals:
1. Place to organize
group activities
Young Moms:
1. Find babysitters
2. Find playmates for
their kids
3. Information
exchange forum
Pet Owners:
1. Find petsitters
2. Find playdates for
pets
3. Find walkers
Property Management
Companies
Director of Leasing and
Regional Property
Manager of high-rise
(>100 units and have
open spaces) NYC
buildings with common
spaces that have
residents with the
following characteristics
Residents
In luxury high-rise
apartments with
common space
(>100 rental units)
1. Working
professionals
2. Young moms
3. Pet owners
Property Management
Companies
Get:
1. Direct sales
Keep:
1. Continual support
2. Feedback
customization
Grow:
1. Increase local business
partnerships
2. Expansion to new cities
3. Referral
Residents
Get:
1. E-mail
2. Brochures and flyers
Keep:
1. Feedback customization
Grow:
1. Acquiring new buildings
13
Channels and Get Strategy
UNBARRIER
UNBARRIER
14
Property
Management
Companies (PMCs)
Resident
Mobile App
Stores
Communicate to Residents
Emails
FlyersKick off
events
Get
Keep
Grow
Dedicated Client
Support
Property
Management Firms
Unbarrier
$1/user/month
$$$
Application Customer
Support
Local Businesses
Cloud Services
Property Owners
Customer
Service
$$$
Resident
$$$
Apt Unit
$$$
Cloud Service
Provider
Ads
Management
Activities
UNBARRIER
Payment Flow
15
UNBARRIER
One-for-all Subscription Model Tier-Based Subscription Model
Willing to pay for our products through a subscription
model based on number of users
Prefer a tier-based product offering with additional
features such as marketplace tool and data analytics
Channels, Get-strategy & Revenue Model
B2B Direct Sales B2B Direct Sales with Free Trial
Willing to purchase right away Want a free pilot (e.g., 12-week) period
Per Unit Subscription Model Per Opt-in User Subscription Model
Willing to pay for a monthly subscription
based on the number of units
Prefer subscription model that
depends on the number of users
Property Management Companies
16
UNBARRIER
Day 5
17
1. Variable costs (sales and marketing,
maintenance/operations)
2. Fixed Costs – technology maintenance and
overhead/SG&A (servers, developers)
Subscription model based on number of users that
opt-in to the service.
1. Proving concept at a
few pilot properties
1. Providing ongoing
maintenance and
support
1. Collecting feedback
Property Management
1. Website
2. Direct Sales
Residents
1. Brochures and flyers
2. E-mail
3. Appstore
1. Property
managem
ent firms
1. Cloud
service
providers
Physical
1. IT Infrastructure
Human
1. Industry
contacts
2. Engineers
3. Sales
Key
Partnerships
Key
Resources
Key Activities
Revenue StreamsCost Structure
Channels
Customer
Relationships
Value Proposition
Customer
Segments
Property management
Companies
“Resident focused” tool that
helps them build
community feel and collect
feedback
Residents
Working professionals:
1. Place to organize
group activities
2. Marketplace
Young Moms:
1. Find babysitters
2. Find playmates for
their kids
3. Information
exchange forum
Pet Owners:
1. Find petsitters
2. Find playdates for
pets
3. Find walkers
4. Information
exchange forum
Property Management
Companies
Director of Leasing and
Regional Property
Manager of high-rise
(>100 units and have
open spaces) NYC
buildings with common
spaces that have
residents with the
following characteristics
Residents
In luxury high-rise
apartments with
common space
(>100 rental units)
1. Working
professionals
2. Young moms
3. Pet owners
Property Management
Companies
Get
1. Direct sales
Keep
1. Continual support
2. Feedback
customization
Grow
1. Increase local business
partnerships
2. Expansion to new cities
3. Referral
Residents
Get
1. E-mail
2. Brochures and flyers
Keep
1. Feedback
customization
Grow
1. Acquiring new
buildings
18
Customer Discovery Day 1 to 5
Day 1 Day 5 Day 1 Day 5
CustomerSegmentsValueProposition
Customers Users
PMCs of high-rise
NYC apts
Student Clubs and
University Housing
Students
PMCs of high-rise
NYC apts
Director of Leasing and Regional
Property Manager of non rent-
stabilized PMCs
(> 100 units and have common
spaces)
Residents in high rise
buildings
1. Working Professionals
2. Young Moms
3. Pet Owners
Residents in high rise
buildings
1. Tighter community
with less turnover
2. Distinguishes
building to
prospective tenants
3. Happy residents;
good reviews and
referrals
4. Organize group
meetings; make
announcements
Helps build a tighter
community and allows
feedback collection from
residents
1. Meet neighbors with
common interests
2. Have fun
3. Enhanced living
experience
4. Exchange important/
emergency
information with
neighbor(s) and
management
5. report problems/
complaints to
management
Residents
1. Working Professionals
a. Place to organize
group activities
2. Young moms
a. Find babysitters
b. FInd playmates for
their kids
c. Information
Exchange Forum
3. Pet Owners
a. Find petsitters
b. Find playdates for
pets
c. FInd Walkers
UNBARRIER
UNBARRIERMVP
Create/Join Events Collect Feedback Marketplace
SUBMIT
RATE YOUR EXPERIENCE
Dresser
$100
Chest
$40
TV
$100
Table
$15
Furniture< Back
20
UNBARRIER
Next Steps
21
UNBARRIERNext Steps
Interviews
Build/Iterate
Pilot
Refine
Features
• Find evangelist property management
directors
• Continue to validate value propositions
Compile features residents want and
prioritize feature rollout
Build using agile development methodology
Run free pilot trial at properties that want to
be early adopters
22
UNBARRIER
Appendix
23
Young
Professionals
Young Parents Pet Owners
CurrentStateInterestedIn
• No interaction with
neighbors
• Just spend time with
friends
• Chat groups
• Don’t interact with other
parents in building
• Use yelp for info
• Talk to dog owners in
park (no interactions
between cat owners)
• Use other platforms for
reviews/info
Pet
playdates Pet sitting
Knowledge
exchange
Moms
X
Meet other
moms in building
Knowledge
exchange
Apartment
building events
Kid
playdatesInteractive
activities (ie sports)
Resident Segments
UNBARRIER
24
Experimental Results Day 1 UNBARRIER
25
Category Sub-category Test P/F Signal Results
Customer
Segments
Residents in high rise
apartments
Ask users if they wanted a stronger sense
of community within their groups.
Pass: More than 30% of residents express a
desire for a stronger sense of community
Pass: Residents in high rise apartments want a social
platform for organizing social events and activities.
Graduate and
undergraduate
students
Fail: Graduate and undergraduate students feel that the
current level of social interactions/activities is sufficient
(spend a lot of time with friends living around campus))
Hostellers Fail: People living in hostels feel that the current level of
social interactions/activities is sufficient (already a lot)
Property Management
Companies (PMC)
Ask property management companies if
they see value in having a sense of
community in the building.
Pass: More than 20% of property
management express that creating a stronger
sense of community if one of their top 3
concerns.
Pass: Property management companies think that
creating a stronger sense of community is important but
is not a top priority.
University
Administrations
Ask university administration if they see
value in having a platform for social
interactions and organizing activities.
Pass: More than 20% of university
administration express that having a platform
for social interactions are needed.
Fail: University administration already have a platform
for social interactions and needs an integrated platform
for residential advisors instead.
Value
Proposition
Residents Ask uses if they would want to create
and attend social events organized by
their peers.
Pass: More than 30% of residents express a
desire for to create and attend events in the
buildings.
Pass: Residents do want to attend social events
organized not only by management but by other
residents.
Ask users if they would want to have a
platform to facilitate the buying and
selling of goods.
Pass: More than 30% of residents express a
desire to have a platform that facilitate the
buying and selling of goods.
Pass: Residents do want to have a marketplace to sell
products.
Property
Management
Companies
Ask PMC if they see value in having a
“resident focused” platform for
residents to organize and attend
events.
Pass: More than 30% of PMC express a desire
to have a platform that is resident focused.
Pass: PMC are feel the need to have a resident focused
portal for organizing and attending events.
Ask PMC if they needed a platform to
notify residents of emergency,
maintenance orders and other building
related announcements.
Pass: More than 30% of PMC express a
need for a platform to reach out to
residents.
Fail: PMC already have a platform for the maintenance
of building, sending out emergency announcements.
Experimental Results Day 2 UNBARRIER
26
Category Sub-category Test P/F Signal Results
Customer
Segments
Residents in high rise
building
Ask users if they wanted a stronger sense
of community within their groups.
Pass: More than 30% of residents express a
desire for a stronger sense of community
Pass: Most residents in high rise apartments are
interested in a greater sense of community but certain
segments of residents are more inclined to interact with
their neighbors as compared to others.
Property Management
Companies (PMC) for
high rise buildings
Ask PMC of high rise buildings if they see
value in having a sense of community in
the building and whether they currently
have a platform for that.
Pass: More than 20% of property
management express that creating a stronger
sense of community is important and they do
not have a good platform to facilitate
resident to resident communication.
Pass: PMC for high rise building understand the
importance of creating a sense of community and most
do not have a platform to facilitate resident to resident
communication.
Value
Proposition
Residents in high
rise buildings
Ask uses if they would want to create
and attend social events organized by
their peers.
Pass: More than 30% of residents express a
desire for to create and attend events in the
buildings.
Pass: Residents do want to attend social events
organized not only by management but by other
residents.
Ask users if they would want to have a
platform to facilitate the buying and
selling of goods.
Pass: More than 30% of residents express a
desire to have a platform that facilitate the
buying and selling of goods.
Pass: Residents do want to have a marketplace to sell
products.
Property
Management
Companies
Ask PMC if they see value in having a
“resident focused” platform for
residents to organize and attend
events.
Pass: More than 30% of PMC express a desire
to have a platform that is resident focused.
Pass: PMC are feel the need to have a resident focused
portal for organizing and attending events.
Ask PMC if they needed a platform to
notify residents of emergency,
maintenance orders and other building
related announcements.
Pass: More than 30% of PMC express a
need for a platform to reach out to
residents.
Fail: PMC already have a platform for the maintenance
of building, sending out emergency announcements.
Ask PMC if they needed a platform to
receive feedback from residents
(mainly positive feedback)
Pass: More than 30% of PMC express a
need for a platform to get feedback from
residents and it is a top priority.
Pass: PMC wants to obtain feedback from residents and
the current mode of communication has not been
effective.
Ask residents if they would be less
inclined to move to another
neighborhood if they knew more
people in their building
Pass: More than 30% of residents
express that a lack of community is the
Top 3 reasons for moving out of a
building.
Fail: Most residents said yes barring other reasons for
leaving an apartment building (e.g., job, rent)
Experimental Results Day 3 UNBARRIER
27
Category Sub-category Test P/F Signal Results
Customer
Segments
Working professionals
in high rise buildings
Ask users if they wanted a stronger sense
of community within their groups.
Pass: More than 30% of residents express a
desire for a stronger sense of community
Pass: Working professionals in high rise apartments
want a social platform for organizing social events and
activities.
Young families in high
rise buildings
Pass: Young families in high rise apartments want a
social platform for organizing social events and activities.
Retired individuals in
high rise buildings
Fail: Retired individuals are less inclined to use a social
platform for social events and activities.
Value
Proposition
Working
professionals in high
rise buildings
Ask users if they would want to create
and attend social events organized by
their peers.
Pass: More than 30% of residents express a
desire for to create and attend events in the
buildings.
Pass: Residents do want to attend social events
organized not only by management but by other
residents.
Young families in
high rise buildings
Pass: Young families are interested in social events
such as playdates and interactive activities.
Retired individuals in
high rise buildings
Pass: Retired individuals are interested in interactive
activities with one another.
Working
professionals in high
rise buildings
Ask users if they would want to have a
platform to facilitate the buying and
selling of goods.
Pass: More than 30% of residents express a
desire to have a platform that facilitate the
buying and selling of goods.
Pass: Residents do want to have a marketplace to sell
products.
Young families in
high rise buildings
Pass: Young moms do see a need to have a
marketplace to buy and sell products.
Retired individuals in
high rise buildings
Fail: Retired individuals do not see a need for a
marketplace to buy and sell items.
Young families in
high rise buildings
Ask users if they would want to have a
knowledge exchange forum.
Pass: More than 30% of residents express a
desire to learn from other moms in the
building.
Pass: Young moms do want to have a knowledge
exchange forum to share ideas.
All segments Ask residents what motivates them to
give feedback and whether they
generally give feedback.
Pass: More than 30% of resident express that
they would give feedback if provided the
means to do so.
Fail: Residents are not interested in giving feedback but
would consider giving feedback with incentives
27
Experimental Results Day 4 UNBARRIER
28
Category Sub-category Test P/F Signal Results
Customer
Segments
Pet owners in high rise
buildings
Ask users if they wanted a stronger sense
of community within their groups.
Pass: More than 30% of residents express a
desire for a stronger sense of community
Pass: Pet owners in high rise apartments want a social
platform for organizing social events and activities.
Value
Proposition
Pet owners in high
rise buildings
Ask users if they would want to create
and attend social events organized by
their peers.
Pass: More than 30% of residents express a
desire for to create and attend events in the
buildings.
Pass: Residents do want to attend social events
organized not only by management but by other
residents for their pets.
Ask users if they would want to have a
platform to facilitate the buying and
selling of goods.
Pass: More than 30% of residents express a
desire to have a platform that facilitate the
buying and selling of goods.
Pass: Residents do want to have a marketplace to sell
products.
Ask users if they would want a platform
to find pet sitters and pet walkers.
Pass: More than 30% of residents express a
desire to have a resource to find pet sitters
and pet walkers.
Pass: Pet owners do not currently have a platform to
find pet sitters and pet walkers in the building.
Property
Management
Companies
Ask residents what motivates them to
give feedback and whether they
generally give feedback.
Pass: More than 30% of resident express that
they would give feedback if provided the
means to do so.
Pass: Residents are interested in giving feedback but
express that they do not know how to.
Distribution
Channels
Property
Management
Companies
Ask PMC if they would be willing to
purchase a platform that will facilitate
resident-to-resident communication
Pass: More than 20% of PMC express a desire
to purchase and implement the platform
Pass: PMC are willing to purchase the platform for
residents to interact with each other.
Get Strategy Property
Management
Companies
Ask PMC if they would prefer a per unit
or per opt-in user subscription model.
Pass: More than 20% of PMC prefer a per opt-
in user subscription model.
Pass: PMC prefer a per opt-in user subscription model
and not a per unit subscription model.
Revenue
Model
Property
Management
Companies
Ask PMC if they would want to
purchase right away through B2B
direct sales.
Pass: More than 20% of PMC would purchase
through B2B direct sales immediately.
Fail: PMC would prefer to have a free trial period prior to
committing to purchasing the platform.
Ask PMC if they prefer a tier based
revenue model or a one-for-all
subscription model.
Pass: More than 20% prefer a one for all
subscription model.
TBD: Still in the process of validating and need to
interview more PMC to understand the segmentation of
tiers and pricing strategy.
Experimental Results Day 5 UNBARRIER
29
Category Sub-category Test P/F Signal Results
Customer
Segments
Rent stabilized high
rise apartment
buildings
Ask PMC for rent stabilized buildings if
retaining residents is good for their
bottom line.
Pass: More than 30% of respondents express
that retaining residents is good for their
bottom line.
Pass: Rent stabilized high rise apartment buildings only
want to retain a proportion of their tenants as they can
hike prices up for new tenants. .
Value
Proposition
Property
Management
Companies
Ask residents what motivates them to
give feedback and whether they
generally give feedback.
Pass: More than 30% of resident express that
they would give feedback if provided the
means to do so.
Pass: Residents are interested in giving feedback but
express that they do not know how to.
Residents Ask residents if promotions and
freebies would incentivize them to give
feedback.
Pass: More than 30% of residents express
that promotions and coupons would
incentivize them to give feedback.
Pass: Residents would be more willing to give feedback
if they have to or they would benefit from it.
Get Strategy Property
Management
Companies
Ask PMC if a 20% adoption rate during
the free trail would be success for a
free trial period.
Pass: More than 20% of PMC express that
they would want to purchase the product if
there is at least 20% adoption rate during
trial period.
TBD: Still in the process of validating with more PMC
what would constitute success in terms of adoption rate
during the trial period.
Deeply penetrate into one building and
expand into other buildings that are
part of the same property management
company.
Pass: Determine successful adoption rate and
determine incentives that would make
property management company roll out the
product in other buildings.
TBD: Still need more validation to determine the
successful adoption rate and incentive packages that will
make property management companies roll out the
product in other buildings.
Determine how long the free trial
should be from PMCs for residents to
fully utilize the tool.
Pass: Takes less than 12 weeks for residents
to fully utilize the tool.
TBD: Need to pilot out the app to determine how long
residents will take to adopt and utilize the app.
Residents Ask residents if promotion and
coupons will incentivize them to us the
product.
Pass: More than 20% of residents express
that they would want to use the product if
there is some form of promotions or coupons
present.
Pass: Residents express that coupons and promotions
would incentivize them to use the product.
Revenue
Model
Property
Management
Companies
Ask PMC if they prefer a tier based
revenue model or a one-for-all
subscription model.
Pass: More than 20% prefer a one for all
subscription model.
TBD: Still in the process of validating and need to
interview more PMC to understand the segmentation of
tiers and pricing strategy.

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unbarrier columbia

  • 1. UNBARRIER Total Interviews Performed: 149 Interviews Since Last Class: 11 Cece Chen MBA’17 Michelle Wiryadi MS&E’17 Nand Sophonpanich BSOR’18 Nilanjana Goel MS&E’17
  • 3. 1. Organizations: • Tighter community with less turnover • Distinguishes building to prospective tenants • Happy residents; good reviews and referrals • Organizing group meetings, notifying of emergencies to residents 1. Members: • Meet neighbors with common interests • Have fun • Enhanced living experience • Exchange important/emergency information with neighbour(s) and management • report problems/ complaints to management Organizations 1. Initial collaboration with managers 2. Provide great, consistent experience and continuous support 3. Execution of specific requests from managers Members 1. Find users active in interacting with management 2. Find initial event organizers 1. Variable costs (sales and marketing, maintenance/operations) 2. Fixed Costs – technology maintenance and overhead/SG&A (servers, developers) Subscription model based on number of active users for the community 1. Organizations: Property management firms for high-rise apartments; Graduate Schools; Undergraduate schools, organizations/stu dent clubs 1. Members: high- rise apartment residents (smartphone users); University housing residents; members of student clubs 1. Proving concept at a few pilot properties 2. Finding/selling to prospects 3. Adverting 4. Analyzing usage and popular events 5. Providing ongoing maintenance and support 6. Collecting feedback High-rise apartments 1. advertisements in magazines 2. bundle package with property management softwares Graduate Schools 1. Student petition to housing managers for use of app Members 1. In building posters 2. Brochures 3. email . 1. Property management firms 2. University housing 3. Graduate Schools 4. Private hostels 5. Clubs and organizations 6. Local businesses 1. Property management decision makers 2. School housing/operations decision makers Key Partnerships Key Resources Key Activities Revenue StreamsCost Structure Channels Customer Relationships Value Proposition Customer Segments 3
  • 5. Get 1. Direct sales 2. Word of mouth Keep 1. continual support 2. feedback customization Grow 1. Increase local business partnerships 2. Development of new features 3. Expansion to new cities 1. Variable costs (sales and marketing, maintenance/operations) 2. Fixed Costs – technology maintenance and overhead/SG&A (servers, developers) Subscription model based on number of active users for the high-rise building 1. Proving concept at a few pilot properties 1. Providing ongoing maintenance and support 1. Collecting feedback Property Management 1. Website 2. Direct Sales Residents 1. brochures 2. wall postings 1. Property managemen t firms 2. University housing 3. Graduate Schools 4. Private hostels 5. Clubs and organization s 6. Local businesses Physical 1. IT Infrastructure Human 1. Industry Contacts 2. Engineers Key Partnerships Key Resources Key Activities Revenue StreamsCost Structure Channels Customer Relationships Value Proposition Customer Segments 1 Property management Companies 1. “resident focused” property management software that helps them retain residents. Residents 1. Platform to interact with one another for: a. social events b. other activities ● splitting rent ● organizing move out sales 2. User friendly interfaces Organizations 1. Operators (PMC) of high-rise NYC buildings who are open to technological solutions 2. Universities 3. Student Clubs Residents 1. residents in high-rise buildings 2. University housing residents 3. Student club members 5
  • 6. 190K ($1.4M*) Total Available Market (total rental units in US) Served Available Market (total rental units in Manhattan) Target Market (rental units in high rise buildings with >100 units) 42.58M1 ($1.02B**) 0.59M ($14.2M**) 1US Department of Housing and Urban Development, 2015 2National Multifamily Housing Council 3 http://www.landlordstation.com/blog/new-york-city-apartment-rental-statistics/ **assume 2 residents/unit (reference: BuildingLink); *assume 30% user adoption & $1/mo/user 2 3 UNBARRIERMarket Size 6
  • 8. Get 1. Direct sales 2. referral Keep 1. Continual support 2. Feedback customization Grow 1. Increase local business partnerships 2. Development of new features 3. Expansion to new cities 4. Referrals 1. Variable costs (sales and marketing, maintenance/operations) 2. Fixed Costs – technology maintenance and overhead/SG&A (servers, developers) Subscription model based on number of apartment units that a Property Management Company operate 1. Proving concept at a few pilot properties 1. Providing ongoing maintenance and support 1. Collecting feedback Property Management 1. Website 2. Direct Sales residents 1. Brochures 2. Wall postings 1.Property management firms 2.Cloud service providers Physical 1. IT Infrastructure Human 1. Industry Contacts 2. Engineers Key Partnerships Key Resources Key Activities Revenue Streams Cost Structure Channels Customer Relationships Value Proposition Customer Segments Property management Companies “Resident focused” property management software tool that helps them build community feel and collect positive feedback and retain residents. Residents 1. Platform to interact with one another for: a. social events Group activities like games, sports etc. b. other activities ● splitting rent ● organizing move out sales 2. User friendly interfaces Property Management Companies 1. Director of Leasing Operators of high-rise (>100 units and have open spaces) NYC buildings Residents 1. Working professionals and young families residents in high-rise buildings 8
  • 9. Identifying Focus Groups UNBARRIER 21-25 Working Professionals 26-35 Working Professionals Married Couples Families with Children age 1-10 Families with Children age 11-20 65 and older retired individuals Director of Leasing Regional Property Manager VP of Sales Property Owners 9 Customers Users
  • 10. ● Find petsitters ● Find playdates for pets ● Find walkers ● find someone to take care of their pets when away UNBARRIER Customer Segment & Product/Market Fit CustomerSegmentValueProposition Working Professionals Young Families X Moms ● 26-35 years old ● High disposable income ● New to the city Young adults who are interested in expanding their social networks and finding a community in the city. ● 25-35 years old ● High disposable income ● Caregiver Young moms who are interested in finding a supportive and nurturing “mom” community in the building. Pet Owners ● 21-35 years old ● High disposable income ● Busy schedule Pet owners who have a busy schedule but needs care for their pets and seeks an affordable means of caring for their pets. Director of Leasing ● 25-50 years old ● Seeks management recognition ● Seeks better KPI Director of leasing who is interested in increasing resident retention rate and improving resident’s living experience. ● Meet new people ● Increase social interactions and engagement in activities ● Be part of a stronger community ● Families to have playdates with ● Information exchange forum ● Goods marketplace ● Build stronger community feel ● Obtain feedback from residents 10
  • 13. 1. Variable costs (sales and marketing, maintenance/operations) 2. Fixed Costs – technology maintenance and overhead/SG&A (servers, developers) Subscription model based on number of units users that opt-in to the service. 1. Proving concept at a few pilot properties 1. Providing ongoing maintenance and support 1. Collecting feedback Property Management 1. Website 2. Direct Sales Residents 1. Brochures and flyers 2. E-mail 3. Appstore 1.Property management firms 2. Cloud service providers Physical 1. IT Infrastructure Human 1. Industry contacts 2. Engineers 3. Sales Key Partnerships Key Resources Key Activities Revenue StreamsCost Structure Channels Customer Relationships Value Proposition Customer Segments Property management Companies “Resident focused” tool that helps them build community feel and collect feedback Residents Working professionals: 1. Place to organize group activities Young Moms: 1. Find babysitters 2. Find playmates for their kids 3. Information exchange forum Pet Owners: 1. Find petsitters 2. Find playdates for pets 3. Find walkers Property Management Companies Director of Leasing and Regional Property Manager of high-rise (>100 units and have open spaces) NYC buildings with common spaces that have residents with the following characteristics Residents In luxury high-rise apartments with common space (>100 rental units) 1. Working professionals 2. Young moms 3. Pet owners Property Management Companies Get: 1. Direct sales Keep: 1. Continual support 2. Feedback customization Grow: 1. Increase local business partnerships 2. Expansion to new cities 3. Referral Residents Get: 1. E-mail 2. Brochures and flyers Keep: 1. Feedback customization Grow: 1. Acquiring new buildings 13
  • 14. Channels and Get Strategy UNBARRIER UNBARRIER 14 Property Management Companies (PMCs) Resident Mobile App Stores Communicate to Residents Emails FlyersKick off events Get Keep Grow Dedicated Client Support
  • 15. Property Management Firms Unbarrier $1/user/month $$$ Application Customer Support Local Businesses Cloud Services Property Owners Customer Service $$$ Resident $$$ Apt Unit $$$ Cloud Service Provider Ads Management Activities UNBARRIER Payment Flow 15
  • 16. UNBARRIER One-for-all Subscription Model Tier-Based Subscription Model Willing to pay for our products through a subscription model based on number of users Prefer a tier-based product offering with additional features such as marketplace tool and data analytics Channels, Get-strategy & Revenue Model B2B Direct Sales B2B Direct Sales with Free Trial Willing to purchase right away Want a free pilot (e.g., 12-week) period Per Unit Subscription Model Per Opt-in User Subscription Model Willing to pay for a monthly subscription based on the number of units Prefer subscription model that depends on the number of users Property Management Companies 16
  • 18. 1. Variable costs (sales and marketing, maintenance/operations) 2. Fixed Costs – technology maintenance and overhead/SG&A (servers, developers) Subscription model based on number of users that opt-in to the service. 1. Proving concept at a few pilot properties 1. Providing ongoing maintenance and support 1. Collecting feedback Property Management 1. Website 2. Direct Sales Residents 1. Brochures and flyers 2. E-mail 3. Appstore 1. Property managem ent firms 1. Cloud service providers Physical 1. IT Infrastructure Human 1. Industry contacts 2. Engineers 3. Sales Key Partnerships Key Resources Key Activities Revenue StreamsCost Structure Channels Customer Relationships Value Proposition Customer Segments Property management Companies “Resident focused” tool that helps them build community feel and collect feedback Residents Working professionals: 1. Place to organize group activities 2. Marketplace Young Moms: 1. Find babysitters 2. Find playmates for their kids 3. Information exchange forum Pet Owners: 1. Find petsitters 2. Find playdates for pets 3. Find walkers 4. Information exchange forum Property Management Companies Director of Leasing and Regional Property Manager of high-rise (>100 units and have open spaces) NYC buildings with common spaces that have residents with the following characteristics Residents In luxury high-rise apartments with common space (>100 rental units) 1. Working professionals 2. Young moms 3. Pet owners Property Management Companies Get 1. Direct sales Keep 1. Continual support 2. Feedback customization Grow 1. Increase local business partnerships 2. Expansion to new cities 3. Referral Residents Get 1. E-mail 2. Brochures and flyers Keep 1. Feedback customization Grow 1. Acquiring new buildings 18
  • 19. Customer Discovery Day 1 to 5 Day 1 Day 5 Day 1 Day 5 CustomerSegmentsValueProposition Customers Users PMCs of high-rise NYC apts Student Clubs and University Housing Students PMCs of high-rise NYC apts Director of Leasing and Regional Property Manager of non rent- stabilized PMCs (> 100 units and have common spaces) Residents in high rise buildings 1. Working Professionals 2. Young Moms 3. Pet Owners Residents in high rise buildings 1. Tighter community with less turnover 2. Distinguishes building to prospective tenants 3. Happy residents; good reviews and referrals 4. Organize group meetings; make announcements Helps build a tighter community and allows feedback collection from residents 1. Meet neighbors with common interests 2. Have fun 3. Enhanced living experience 4. Exchange important/ emergency information with neighbor(s) and management 5. report problems/ complaints to management Residents 1. Working Professionals a. Place to organize group activities 2. Young moms a. Find babysitters b. FInd playmates for their kids c. Information Exchange Forum 3. Pet Owners a. Find petsitters b. Find playdates for pets c. FInd Walkers UNBARRIER
  • 20. UNBARRIERMVP Create/Join Events Collect Feedback Marketplace SUBMIT RATE YOUR EXPERIENCE Dresser $100 Chest $40 TV $100 Table $15 Furniture< Back 20
  • 22. UNBARRIERNext Steps Interviews Build/Iterate Pilot Refine Features • Find evangelist property management directors • Continue to validate value propositions Compile features residents want and prioritize feature rollout Build using agile development methodology Run free pilot trial at properties that want to be early adopters 22
  • 24. Young Professionals Young Parents Pet Owners CurrentStateInterestedIn • No interaction with neighbors • Just spend time with friends • Chat groups • Don’t interact with other parents in building • Use yelp for info • Talk to dog owners in park (no interactions between cat owners) • Use other platforms for reviews/info Pet playdates Pet sitting Knowledge exchange Moms X Meet other moms in building Knowledge exchange Apartment building events Kid playdatesInteractive activities (ie sports) Resident Segments UNBARRIER 24
  • 25. Experimental Results Day 1 UNBARRIER 25 Category Sub-category Test P/F Signal Results Customer Segments Residents in high rise apartments Ask users if they wanted a stronger sense of community within their groups. Pass: More than 30% of residents express a desire for a stronger sense of community Pass: Residents in high rise apartments want a social platform for organizing social events and activities. Graduate and undergraduate students Fail: Graduate and undergraduate students feel that the current level of social interactions/activities is sufficient (spend a lot of time with friends living around campus)) Hostellers Fail: People living in hostels feel that the current level of social interactions/activities is sufficient (already a lot) Property Management Companies (PMC) Ask property management companies if they see value in having a sense of community in the building. Pass: More than 20% of property management express that creating a stronger sense of community if one of their top 3 concerns. Pass: Property management companies think that creating a stronger sense of community is important but is not a top priority. University Administrations Ask university administration if they see value in having a platform for social interactions and organizing activities. Pass: More than 20% of university administration express that having a platform for social interactions are needed. Fail: University administration already have a platform for social interactions and needs an integrated platform for residential advisors instead. Value Proposition Residents Ask uses if they would want to create and attend social events organized by their peers. Pass: More than 30% of residents express a desire for to create and attend events in the buildings. Pass: Residents do want to attend social events organized not only by management but by other residents. Ask users if they would want to have a platform to facilitate the buying and selling of goods. Pass: More than 30% of residents express a desire to have a platform that facilitate the buying and selling of goods. Pass: Residents do want to have a marketplace to sell products. Property Management Companies Ask PMC if they see value in having a “resident focused” platform for residents to organize and attend events. Pass: More than 30% of PMC express a desire to have a platform that is resident focused. Pass: PMC are feel the need to have a resident focused portal for organizing and attending events. Ask PMC if they needed a platform to notify residents of emergency, maintenance orders and other building related announcements. Pass: More than 30% of PMC express a need for a platform to reach out to residents. Fail: PMC already have a platform for the maintenance of building, sending out emergency announcements.
  • 26. Experimental Results Day 2 UNBARRIER 26 Category Sub-category Test P/F Signal Results Customer Segments Residents in high rise building Ask users if they wanted a stronger sense of community within their groups. Pass: More than 30% of residents express a desire for a stronger sense of community Pass: Most residents in high rise apartments are interested in a greater sense of community but certain segments of residents are more inclined to interact with their neighbors as compared to others. Property Management Companies (PMC) for high rise buildings Ask PMC of high rise buildings if they see value in having a sense of community in the building and whether they currently have a platform for that. Pass: More than 20% of property management express that creating a stronger sense of community is important and they do not have a good platform to facilitate resident to resident communication. Pass: PMC for high rise building understand the importance of creating a sense of community and most do not have a platform to facilitate resident to resident communication. Value Proposition Residents in high rise buildings Ask uses if they would want to create and attend social events organized by their peers. Pass: More than 30% of residents express a desire for to create and attend events in the buildings. Pass: Residents do want to attend social events organized not only by management but by other residents. Ask users if they would want to have a platform to facilitate the buying and selling of goods. Pass: More than 30% of residents express a desire to have a platform that facilitate the buying and selling of goods. Pass: Residents do want to have a marketplace to sell products. Property Management Companies Ask PMC if they see value in having a “resident focused” platform for residents to organize and attend events. Pass: More than 30% of PMC express a desire to have a platform that is resident focused. Pass: PMC are feel the need to have a resident focused portal for organizing and attending events. Ask PMC if they needed a platform to notify residents of emergency, maintenance orders and other building related announcements. Pass: More than 30% of PMC express a need for a platform to reach out to residents. Fail: PMC already have a platform for the maintenance of building, sending out emergency announcements. Ask PMC if they needed a platform to receive feedback from residents (mainly positive feedback) Pass: More than 30% of PMC express a need for a platform to get feedback from residents and it is a top priority. Pass: PMC wants to obtain feedback from residents and the current mode of communication has not been effective. Ask residents if they would be less inclined to move to another neighborhood if they knew more people in their building Pass: More than 30% of residents express that a lack of community is the Top 3 reasons for moving out of a building. Fail: Most residents said yes barring other reasons for leaving an apartment building (e.g., job, rent)
  • 27. Experimental Results Day 3 UNBARRIER 27 Category Sub-category Test P/F Signal Results Customer Segments Working professionals in high rise buildings Ask users if they wanted a stronger sense of community within their groups. Pass: More than 30% of residents express a desire for a stronger sense of community Pass: Working professionals in high rise apartments want a social platform for organizing social events and activities. Young families in high rise buildings Pass: Young families in high rise apartments want a social platform for organizing social events and activities. Retired individuals in high rise buildings Fail: Retired individuals are less inclined to use a social platform for social events and activities. Value Proposition Working professionals in high rise buildings Ask users if they would want to create and attend social events organized by their peers. Pass: More than 30% of residents express a desire for to create and attend events in the buildings. Pass: Residents do want to attend social events organized not only by management but by other residents. Young families in high rise buildings Pass: Young families are interested in social events such as playdates and interactive activities. Retired individuals in high rise buildings Pass: Retired individuals are interested in interactive activities with one another. Working professionals in high rise buildings Ask users if they would want to have a platform to facilitate the buying and selling of goods. Pass: More than 30% of residents express a desire to have a platform that facilitate the buying and selling of goods. Pass: Residents do want to have a marketplace to sell products. Young families in high rise buildings Pass: Young moms do see a need to have a marketplace to buy and sell products. Retired individuals in high rise buildings Fail: Retired individuals do not see a need for a marketplace to buy and sell items. Young families in high rise buildings Ask users if they would want to have a knowledge exchange forum. Pass: More than 30% of residents express a desire to learn from other moms in the building. Pass: Young moms do want to have a knowledge exchange forum to share ideas. All segments Ask residents what motivates them to give feedback and whether they generally give feedback. Pass: More than 30% of resident express that they would give feedback if provided the means to do so. Fail: Residents are not interested in giving feedback but would consider giving feedback with incentives 27
  • 28. Experimental Results Day 4 UNBARRIER 28 Category Sub-category Test P/F Signal Results Customer Segments Pet owners in high rise buildings Ask users if they wanted a stronger sense of community within their groups. Pass: More than 30% of residents express a desire for a stronger sense of community Pass: Pet owners in high rise apartments want a social platform for organizing social events and activities. Value Proposition Pet owners in high rise buildings Ask users if they would want to create and attend social events organized by their peers. Pass: More than 30% of residents express a desire for to create and attend events in the buildings. Pass: Residents do want to attend social events organized not only by management but by other residents for their pets. Ask users if they would want to have a platform to facilitate the buying and selling of goods. Pass: More than 30% of residents express a desire to have a platform that facilitate the buying and selling of goods. Pass: Residents do want to have a marketplace to sell products. Ask users if they would want a platform to find pet sitters and pet walkers. Pass: More than 30% of residents express a desire to have a resource to find pet sitters and pet walkers. Pass: Pet owners do not currently have a platform to find pet sitters and pet walkers in the building. Property Management Companies Ask residents what motivates them to give feedback and whether they generally give feedback. Pass: More than 30% of resident express that they would give feedback if provided the means to do so. Pass: Residents are interested in giving feedback but express that they do not know how to. Distribution Channels Property Management Companies Ask PMC if they would be willing to purchase a platform that will facilitate resident-to-resident communication Pass: More than 20% of PMC express a desire to purchase and implement the platform Pass: PMC are willing to purchase the platform for residents to interact with each other. Get Strategy Property Management Companies Ask PMC if they would prefer a per unit or per opt-in user subscription model. Pass: More than 20% of PMC prefer a per opt- in user subscription model. Pass: PMC prefer a per opt-in user subscription model and not a per unit subscription model. Revenue Model Property Management Companies Ask PMC if they would want to purchase right away through B2B direct sales. Pass: More than 20% of PMC would purchase through B2B direct sales immediately. Fail: PMC would prefer to have a free trial period prior to committing to purchasing the platform. Ask PMC if they prefer a tier based revenue model or a one-for-all subscription model. Pass: More than 20% prefer a one for all subscription model. TBD: Still in the process of validating and need to interview more PMC to understand the segmentation of tiers and pricing strategy.
  • 29. Experimental Results Day 5 UNBARRIER 29 Category Sub-category Test P/F Signal Results Customer Segments Rent stabilized high rise apartment buildings Ask PMC for rent stabilized buildings if retaining residents is good for their bottom line. Pass: More than 30% of respondents express that retaining residents is good for their bottom line. Pass: Rent stabilized high rise apartment buildings only want to retain a proportion of their tenants as they can hike prices up for new tenants. . Value Proposition Property Management Companies Ask residents what motivates them to give feedback and whether they generally give feedback. Pass: More than 30% of resident express that they would give feedback if provided the means to do so. Pass: Residents are interested in giving feedback but express that they do not know how to. Residents Ask residents if promotions and freebies would incentivize them to give feedback. Pass: More than 30% of residents express that promotions and coupons would incentivize them to give feedback. Pass: Residents would be more willing to give feedback if they have to or they would benefit from it. Get Strategy Property Management Companies Ask PMC if a 20% adoption rate during the free trail would be success for a free trial period. Pass: More than 20% of PMC express that they would want to purchase the product if there is at least 20% adoption rate during trial period. TBD: Still in the process of validating with more PMC what would constitute success in terms of adoption rate during the trial period. Deeply penetrate into one building and expand into other buildings that are part of the same property management company. Pass: Determine successful adoption rate and determine incentives that would make property management company roll out the product in other buildings. TBD: Still need more validation to determine the successful adoption rate and incentive packages that will make property management companies roll out the product in other buildings. Determine how long the free trial should be from PMCs for residents to fully utilize the tool. Pass: Takes less than 12 weeks for residents to fully utilize the tool. TBD: Need to pilot out the app to determine how long residents will take to adopt and utilize the app. Residents Ask residents if promotion and coupons will incentivize them to us the product. Pass: More than 20% of residents express that they would want to use the product if there is some form of promotions or coupons present. Pass: Residents express that coupons and promotions would incentivize them to use the product. Revenue Model Property Management Companies Ask PMC if they prefer a tier based revenue model or a one-for-all subscription model. Pass: More than 20% prefer a one for all subscription model. TBD: Still in the process of validating and need to interview more PMC to understand the segmentation of tiers and pricing strategy.