Vinay Singhal, co-founder of STAGE and former co-founder of WittyFeed, discusses the scale and rapid early success of WittyFeed before its sudden platform deplatforming.
“And at that young age, having that much of success, it also gets into your head, having access to that amount of 40 crores every year in your hand.”
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More from Vinay Singhal
Disclosure
Vinay Singhal: WittyFeed rejected a 300 crore all-cash acquisition offer
“Yes, we rejected an all-cash offer at about 300 crores back in the day.”
Vinay SinghalAug 4, 2023▶ 13:55Depression Struggles, Spirituality & Small-Town Mindset | STAGE's Vinay Singhal on The Neon Show
AssertionPartly supported
Singhal: STAGE was valued at 300 crore INR post-money
“Our last round, we were valued at 300 crores post money.”
Vinay SinghalAug 4, 2023▶ 14:06Depression Struggles, Spirituality & Small-Town Mindset | STAGE's Vinay Singhal on The Neon Show
Disclosure
Singhal took over ₹3 crore in loans after WittyFeed collapsed
“I think we took a little north of three crores in total.”
Vinay SinghalAug 4, 2023▶ 32:01Depression Struggles, Spirituality & Small-Town Mindset | STAGE's Vinay Singhal on The Neon Show
Disclosure
Singhal: STAGE will calmly evaluate acquisition offers without founder ego
“I'm not saying I'm building it to sell, but I will sit down and I'll consider it calmly and I will not let the ego of me being called being able to call myself a founder and all that.”
Vinay SinghalAug 4, 2023▶ 1:01:04Depression Struggles, Spirituality & Small-Town Mindset | STAGE's Vinay Singhal on The Neon Show
Disclosure
Singhal: Bus branding is one of STAGE's most effective marketing tools
“So, we actually, in the stage marketing, one of the most effective tools that we have used, is we branding roadways and buses.”
Vinay SinghalAug 4, 2023▶ 5:06Depression Struggles, Spirituality & Small-Town Mindset | STAGE's Vinay Singhal on The Neon Show
AssertionNot checkable as stated
Singhal: 54 WittyFeed employees stayed on without salaries during crisis
“The story that we narrated of 54 people staying with us and saying that, no, no, we will not let you die. We will stick by you. We will not take salaries, but we will, you know, we will win.”
Vinay SinghalAug 4, 2023▶ 22:02Depression Struggles, Spirituality & Small-Town Mindset | STAGE's Vinay Singhal on The Neon Show
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