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ZippyBoba
Stealth18mo
Work culture?
CosmicRaccoon
Stealth18mo
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.
ZoomyRaccoon
Sharechat18mo
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.
CosmicRaccoon
Stealth18mo
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.
JumpyUnicorn
Stealth18mo
what is the moat of sharechat? paise kaha se aata hain? kab tak aayega?
