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Product Manager Analytical hard

What's a good north-star metric for a two-sided marketplace like Urban Company?

Asked at Urban CompanyOlaUberAirbnb
Framework

outcome × cadence × quality

Model answer

Successful matched bookings per active week — it captures liquidity (supply meets demand), quality (booking completed, not cancelled), and cadence (recurring value). Revenue is a lagging outcome of this metric.

What great candidates actually do

  • GMV is a vanity number for marketplaces — it hides cancellations and refunds.
  • Two-sided marketplaces need TWO leading indicators (supply-side and demand-side).
  • The north-star should predict long-term retention 90+ days out.

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