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How's EloElo as a company?

Product Manager

How's EloElo as a company?- Grapevine

Today raised $22m series B.

No revenue. 

Video streaming app with Less than 1m daily users in india is valued over $100m... So every random person in india is worth over $100? Lol.

Competition, Chingari, Rooter, both in trouble. Eloelo has worse engagement than both (I looked on data.ai)

Definitely faking numbers to investors, why else would anyone invest.

Eloelo is probably a scam

Investor

From someone in their tech team, got to know very curious insights. 

CrickPe is built on Solidity smart contracts that automatically enforce performance bonuses for cricketers. 

However, the underlying logic is enforced on an ELO based system with log-normal rewards. Essentially, if a cricketer rewards are:

Reward = Expected(reward) +- log(performance). 

Their ELO is similarly adjusted on a match by match basis. 

Also,
Insider reveal is that, VC community is keen on investing and Ashneer is considering raising funds but has made clear that he is willing to liquidate only till he has majority stake in the venture, although aiming at closer to ~75%.

Also, they are experimenting with NFTs linked to rewards that give you insider access to pre-game locker room access with your favourite teams, flying you out to international matches abroad, etc. This will also be tradeable in-app. They are apparently looking for Blockchain Devs/interns for that.

Finally, the biggest news. They’ve apparently launched a bid to get a fan-experience zone specific to CrickPe in the stadiums during IPL. The plan is to sell these tickets at a higher cost. Fans who watch games from this zone get to play a special variant where the highest scorer is given their reward from the MOTM.

Just In: Ashneer Grover’s Crickpe

Welcome to Product Managers's Private Community

Been playing a crap ton of poker online nowadays and between hands I could only wonder what do other PMs do here.

Answer Answer Answer! 🚨

🚨 What do Product Managers do in their free time?

VC here. Doing this for fun.
Don't take all views seriously.

Comment a startup's name, I'll share if it's promising or whatever I know

Analyst

How do folks even use app like EloElo>? Sometimes i just fail to understand 😑

Growth Manager

Welcome to Office Gossip's Private Community

With all these EVs catching fire and Ola not being able to turn a profit, Im curious to know if it really is a solid company or just an investor-money marketing hype? I mean most of the folks I know open Ola LAST, if Uber/Rapido/Blusmart haven’t worked. Ola E is also facing a lot of flak because its EVs are seeing the highest number of incidents. They’ve also had a string of CXOs come and go.

Are Ola + Ola E good companies? Like I’m curious to know what you guys generally think, even from a job perspective.

(PS, for the sake of transparency, I’m a journalist [you can drop me any scoops/leads at backgroundsources@proton.me] but this question has nothing to do with work — i’m seriously, genuinely curious about Ola and Ola Electric and Bhavish Aggarwal. Very few Ola folks speak about the internal goings on at the company)

Are Ola & Ola E good companies?

Software Engineer

EloElo is also like the chingari softporn app , Why VC's have funded them 22 million ? 🤔

Founder

Installed it and never opened it. Kind of notifications I'm getting are insane. 

What actually happens inside the app? Can someone tell me more.

Elo elo giving me a pimp vibe

Data Scientist

Does anyone have insights on how Elasticrun is doing?

How's Elasticrun doing?

Finance Consultant

I work as a Product manager at a series A well funded startup.
This company is run by a solo founder/CEO.

This is a wannabe tech and product startup that does not care about their product at all. The internal review meetings get 5 minutes on product and 55 minutes on business and operations on a good day!

All they care about is how to run operations and tech just works on automation instead of building the product for the end user. Every OKR cycle runs for two months where OKRs are set for product but we end up building internal tools because things get "re-prioritised" and operations "can not miss targets".

The worst part is that the strategy changes every 2 months and every week, the CEO keeps adding new "wants". Almost like a baby seeing shiny new toys.
At this stage, the product has become a mess with no identity at all!

This baby always says "But is that even do-able" acts critical and tries to seem smart in front of their employees while lying to the investors and board every other week that we are a tech and product company.

I don't know if this happens at other startups in India. 

Would love to hear what y'all have experienced.

Identifying a Baby founder

You sound like a tech bro, who thinks that only tech runs the world. Huge companies like Tata, reliance etc are built on solid operations and business insights.  
  
 Tech is enabler, if the founder is smart with business and operations, most likely he will make a good business, and unless you start valuing things beyond tech also, you will keep hopping jobs and cribbing why people don’t value you.

Senior Product Manager

Entertaining an opportunity from eloelo. They have a barebones webpage and its not that great. Seems like all their numbers are inflated. I would like to know how the workplace is. Looked at some reviews online and they hint at toxic work culture. Looking for a outsider opinion on the org as well as the market segment.

Want opinion on work culture and organization

Data Analyst

So recently, I read a lot of posts on Grapevine regarding some startups having no vision, poor management, toxicity etc etc, yet, many of these startups are doing quite a good business. I understand there is no correlation between work culture of a startup and it’s business outcome, but certainly, when a startup has poor management and unclear vision, then it should have troubles. That is not the case.
Ola Electric seems to be doing well, Zomato became profitable and there are a few other MNCs with a similar scenario. As an employee, I really want to understand if we are missing something here, like maybe lack of foresight, or are we being greedy with respect to salary and stuff, or maybe we don’t empathise with founders? Sometimes I really try to understand the perspective of founders, but then nothing can justify pathetic workplace or poor management.

Are we missing something?

Machine Learning Engineer

*IMPORTANT*

Monday morning and nobody at office. We have no option but to force strict rules now: 

1. If you arrive any later than 9:55 in office, it will be marked as half day leave. 

2. Lunch breaks are supposed to be max 40 mins long. I accept basic courtesy of following this, if not, I’ll tag people on the group. 

3. All leaves requests need to be emailed to me. Without any record on email, we might not be able give a record of how many leaves in each bracket are left for each individual. So don’t expect this data from us, if you don’t email.

Icing on the cake, CEO didn't come to the office

CEO of a YC funded fintech startup

Salesforce Developer

It's always something to look forward to in a startup. But wanting to know if it's actually meaningful. Are you making good money from it? Anybody around you who is making good money from it. 

This would really help a lot of us in startups know what to expect 🙏

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