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Samay Jain
Offering adrenaline rush to gamers | ex-Gojek | YCW22
Samay Jain is the Co-Founder and CEO of Better Opinions, a Y Combinator-backed startup that operates in the prediction market space.14 Here are some key details about Samay Jain:
Professional Background
- Founded Better Opinions in 2021 along with co-founder Soumyajit Das34
- Previously worked at Gojek as a Product Manager for over 2 years, progressing from Product Manager I to Product Manager III5
- Held roles at Abbott as a Business Intelligence Manager and at Essex Lake Group as a Business Analyst5
Education
- Graduated from the Indian Institute of Technology (IIT) Kharagpur with a Bachelor of Technology degree5
- Participated in Y Combinator's accelerator program in 2022 with Better Opinions5
About Better Opinions
Better Opinions is an app that allows users to trade their opinions on events in various categories like cricket, cryptocurrency, politics, and entertainment.1 The platform aims to make trading more accessible and relatable while improving users' financial literacy.3
Fundraising
Under Samay's leadership, Better Opinions has successfully raised funds:
- In July 2022, the company raised $2.5 million from investors including Metaplanet VC and Goldwater Capital1
- Previously raised over $1 million in a pre-seed round in February 202224
Samay Jain's vision for Better Opinions includes creating a "stock market of opinions" and building a social platform where users can trade and engage.1
Highlights
Over the past few years, I have realized that life is all about feeling the adrenaline rush.
- The adrenaline rush I felt when I was 5-4 40-30 up in a tennis match and just focussed on closing the point
- The rush I felt when I was going on the stage to play the role of a minister
- The rush I felt when I came to know that the insect-like creature proving the existence of extraterrestrial life is nothing but a ‘Deception Point’ (Dan Brown)
- The rush I felt when I was going for my job interview on Dec 1, 2015; just focus on the interview and nothing else
- The rush I felt when my 400 lines of code got executed without any error but with only warnings (haha)
- The rush I felt when we launched a successful payment flow catering to very high traffic of 11.11 promotions in Indonesia
But amongst them all, my favourite was the high of taking a bullish position in the NIFTY on Feb 1, 2021. On that day, the market reaction to each announcement from Mrs. Sitharaman made me feel like it was a roller coaster ride.
I have been experiencing this high of trading for the last two years and I want everyone to experience this rush in their lifetimes.
To share this excitement of trading we have launched Better Opinions, a platform for trading on events, which can be anything under any category, so long as they have a determinable outcome. We operate in multiple categories; cricket, football, finance and politics to name a few. We create events in the form of simple yes/no questions, back them up with stats to help the user make an informed decision. Each event requires significant research before they can be traded upon. The user then makes a trade with a yes/no at a particular price, which he/she decides, and is matched with a trader at a complimentary price.
We are a stock exchange of opinions.
Check us out on https://betteropinions.in
#Brain_ko_train_karo_events_pe_trade_karo #prediction #predictions2022 #event_trading #better_opinions
