ShareChat: ASK ME ANYTHING
As title says
Yeah what's the hero product at Sharechat? Where is the revenues coming from?
Terrible now. Product is a failure and not sticky at all, especially Moj but they think they are Instagram and wants brands to spend on Moj. Nobody gives a fwok about garib Bharat audiences. 😂
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I don’t know when you joined ShareChat, I joined SC before it got its series C funding. Things were pretty good those days, and the only challenge we were getting was from Tiktok and majorly “Helo” which copied our UI and also scrapped content from SC. Those were good days. ShareChat starting laying off people since 2020, and things have become worser.
SC’s ads machine is very bad. One of the PMs working in SC ads mentioned themselves. Currently, Ankush is the CEO. Back in 2018-19, Farid was the CEO who was later made COO.
Currently SC isn’t doing great. They closed Jeet11, which was kind of getting them money.
I just want SC to fare well. ESOPs vested hai… waiting for good buy back.
SC has a good hold in Tier 3 and 4 cities. They just need to make a good ad engine for better monetisation.
Agree with your views on ads.
But SC's health overall in general is way better than what you are describing. Revenue is ever so growing up from Chatrooms, they are targeting to inflection point after which SC in isolation can be self sufficient, which is not far off in the future. Livestream will be introduced in SC soon, making more revenue.
I mentioned about ads alone. Chat rooms with audio was developed when I was in SC, and it did take off pretty well.
Well, my bet definitely is for SC to do good. Atleast, not selling ESOPs in the previous buy back should get me some returns. 🙂
Lot of people made loads of money in the previous buy back. Some of the people from the first 30 joinees earned upwards of 50Cr. That’s a huge sun of money.
Am waiting for my turn. This a good way to FIRE.
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punydrama
Stealth
a year ago
what is the moat of sharechat? paise kaha se aata hain? kab tak aayega?
Sharechat is known for having one of the fastest shipping cultures, from what I’ve heard
Can you shed more light on how the org is set up to perform at this level?
Is it a lot of experimentation/AB testing etc built into the culture?
Asking from the POV of someone who is setting up a small engineering team for their startup
They, you will often see lot of initiatives being driven via experiments and A/B, it's invision as metrics driven development. But unfortunately the fast pace and lower QA&Product to Dev ratio means either processes are not followed or they get forgotten over time. Which leads to non consistent quality across the features within a product and platform.
But that's a part and parcel of startup, it's because of this you can drive your own dev features in free time.
The broader decision making around the product is still in question, you have to read inbetween the lines to get the hang of the org direction.
android89
Stealth
a year ago
How's it going after the layoffs? I got laid off in feb from Sharechat. Did anyone resigned because they are now wfo?
Many are resigning.
But I don't feel it is primarily due to WFO. Many people are not happy with WFO, but we do not have any options. Most companies have gone to RTO Hybrid model.
People are leaving, not like 10 people a day but more like 10 a week or so, hence the new hiring is going on side by side to back fill these vacancies.
Now coming to reason of attrition, it's not because paycheck for sure, but more about RTO, lack of appreciation that happened due to layoffs and subsequent performance rating which meant harder and tight ratings even for above average performers.
Another fact is, since org is pivoting to Livestream from just a short video org, and similar changes in other verticals, people's quality of work is affected, some are over burdened due to lower product to dev to QA ratio and some have witnessed lack in quality/challenging work.
So yeah these 3-4 reasons are why people are leaving.
CaptainPlanet
Stealth
a year ago
Has the management and founders given up?
Randomization
Stealth
a year ago
How’s sharechat as a place to work?
Dick
Stealth
a year ago
How much knowledge of dsa,core and development is enough to get selected as intern or sde 1.
I'm not well equipped to answer this, but definitely not like Ubers or Googles.
LooseGoose
Stealth
a year ago
Are they still faking numbers 😂
Context: worked on a partnership with them and they couldn't even fetch accurate viewership numbers from their own data.
Same for meta and Google as well, everyone fakes their numbers to an extent it seems. But curious about SC.
What do you mean by accurate viewership numbers?
Some % error rate will always stay in systems that work at our scale.
LooseGoose
Stealth
a year ago
I'm not talking about margin of error, those numbers were way beyond that. Even meta and Google's numbers don't always make sense. There's frequent misattribution and one metric/calculation in one place doesn't even add up to the same number derived from others or displayed in other places.
For example : Reel views on Instagram reels are almost always inflated. So are number of active users because of bots and fake users.
It's in the interest of companies to have larger numbers to show their investors after all.
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@BlindIsBetter how has the overall experience working at SC been from an engineering perspective? Is it good? What are your favorite moments and learnings?
Can't share lot of details for obvious reasons, but yeah, work quality was top notch before the January. Then lot of re-org happened after layoffs, change in priories too, so following few months were ever so boring with little to no challenging work. But lately things are picking up, although not like the past but some good quality problems are being thrown to you.
Take a note that this is strictly my experience, where I work in small team in the sea of 20 teams accross AI/Engg Frontend/Backend Android/Web/IOS
Node
Stealth
a year ago
Why does it exist?
Do you have relatives in T3 cities?
I have some and I see them using this app.
There is a need and SC is catering it.
Because 95M people use it in tier 3/4 cities, yeah same people who get cheap devices which have ShareChat pre-installed, this number is way bigger than people think and these people actually have positive engagement with the app
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WenDy
Stealth
a year ago
Have opening for product/business analyst? Referral?
It's good, no legacy stuff. Few RnD / first in India level activities are always there.
I am a data scientist
Since sharechat also uses ml/ds widely in their product,do u prefer someone from ds background for dev roless?
On ML side, there are 2 sorts of IC roles.
1. Engineering heavy roles. We have many engineering roles in DS, which kind of look like a data engineer role (moving data from A to B, pipelines, etc).
2. Data scientist roles. Model training and stuff.
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DeepakPrajapat
Stealth
a year ago
Looking for job change in SharePoint developer having 1.2 year of experience
Emobois
Stealth
a year ago
Are you guys hiring for PM role
Idk
Stealth
a year ago
any idea when will hiring open up for sde1 (2022 grads)?
Hiring is happening at a low pace. You can keep an eye on the careers page.
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