I'm currently interviewing for a Sr/Lead PM role on a data privacy product for a start-up. They mentioned the final interview round is a 2 parts presentation to a panel that are: 1) 30-60-90 goals for the actual product this role would oversee, and 2) strategic growth plans on the product in relations to evolving regulations.
This set off alarm bells in my head as this is the paid work the role would perform during the job, so asking for this during interview seems to be asking for free labor. Is this a red flag to anyone else?
I've also had a bad experience during a previous interview with a different company, where the final interview round consisted of 1:1 interviews with 8 different people with the prompt of what would you do to improve the current product. During the interview, it became clear to me, no one in that company had expertise in that product area which is why they were hiring a PM. During my interview process, everyone took significant notes during my recommendation portion. Then I didn't get position because the role was scratched due to budget. But I recently noticed some of the recommendation I provided have been reflected in their latest updates.
How do I say I'm happy to showcase my process on product growth plans and goal setting with past experiences, but not comfortable with doing free labor?