Xchar.com, a social community network for online gamers, has been bought by its former Technical Officer in May 2008: Jens Sauer, who is now Xchar’s CEO, recounts „I thought it to be a great idea only that the founders weren’t that good...“ Jens needed a CFO and successfully pitched Lutz Nathusius who previously had been working in the old economy: „Jens didn’t have to do a lot of convincing, since the product itself was convincing enough. There’s a huge potential with 132 million online gamers worldwide.“
Xchar is making revenues both through advertisement and special services for users. According to Lutz, they are „on the route to profitability“. Lutz points out: „We have generated about 100.000 users in the last nine months and currently have about 6 million PIs on the website, so we’re quite happy...But the best thing about it is that people come back and register.“
In 2009, the company’s management team wants to have 250.000 users and reach profitability. Although Jens points out that „they are already very close to it“, Xchar is still looking for investment with regard to marketing purposes. So one of the reasons they attended the Start Up Camp Cologne is to share ideas and last but not least to talk to investors...
Please visit our website www.tiburon-tv.com to find all our interviews from Start Up Camp Cologne.
