Suchit Dash: Scaling Dubsmash to 43M Users, Battling TikTok & Joining Reddit | E1060
16Suchit Dash is the VP of Core Product Experience at Reddit, responsible for the surfaces that millions of users interact with daily. Prior to Reddit, Suchit was a cofounder at Dubsmash, a short video platform that was used by millions globally and acquired by Reddit in December 2020. In just 10 days, Suchit scaled the product to an immense 43M users, and gained fans such as Neymar and Jimmy Fallon. Suchit previously held roles at Soundcloud and PayPal.
-----------------------------------------
Timestamps:
(00:32) Early Career and Journey: From PayPal to Dubsmash
(09:56) Dubsmash's Evolution: User Dynamics, Challenges, and Shifts
(19:19) Overcoming Business Struggles and Maintaining Optimism
(25:42) Adapting to Market Changes: Dance Challenges and Business Reiterations
(34:10) Competitive Landscape: TikTok and Business Strategy Decisions
(46:22) Business Transitions: Reddit Acquisition, Investor Relations, and Lessons Learned
(57:06) Quick-Fire Round
-----------------------------------------
In Today's Episode with Suchit Dash We Discuss:
The Founding of Dubsmash & V1:
How did the founding of Dubsmash come to be?
Suchit scaled V1 of the product to 43M users in 10 days, what was the secret? What worked?
What were the first signs that all was not right?
How did the team respond to the realization that their retention numbers were terrible?
What are Suchit's biggest lessons and pieces of advice from this massive V1 and launch?
Data: Retention, Cohorts and The Smiley Face:
What specific data did Suchit and the team really use to understand their level of product market fit?
What level of retention were they looking for? What is average, good, and great in terms of retention in consumer social?
What is really important for founders to try and observe and analyze in net new user cohorts?
When and why did the team start to see the hailed smiley face of consumer returning to the app?
Battling TikTok:
Despite the resurgence, TikTok was roaring, what did TikTok do so well to take the market?
How did TikTok leverage both FB and Snap's ad platform to acquire so many users so fast?
What did TikTok not do well? What could they have done better?
How did TikTok pay and incentivize the creator community?
What are some of Suchit's biggest lessons and advice for founders battling a better-funded incumbent?
The Decision to Sell: Being Acquired by Reddit:
Ultimately, why did Suchit decide to sell the company to Reddit?
Why did the first two acquisition attempts fail?
What are 1-2 of the biggest pieces of advice Suchit has for founders debating whether it is right to sell their company?
What do all founders being acquired need to remember?
With the benefit of hindsight, if Suchit could do the acquisition process again, what would he do differently?
-----------------------------------------
Subscribe on Spotify:
https://open.spotify.com/show/3j2KMcZ...
Subscribe on Apple Podcasts:
https://podcasts.apple.com/us/podcast...
Follow Harry Stebbings on Twitter:
https://twitter.com/HarryStebbings
Follow Suchit Dash on Twitter:
https://twitter.com/Suchit
Follow 20VC on Instagram:
https://www.instagram.com/20vc_reels
Follow 20VC on TikTok:
https://www.tiktok.com/@20vc_tok
Visit our Website:
https://www.20vc.com
Subscribe to our Newsletter:
https://www.thetwentyminutevc.com/con...
----------------------------------------
#SuchitDash #Reddit #dubsmash #HarryStebbings #20vc #sales