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FULL INTERVIEW: Anurag Choudhary (@AnuragChoudhary) | Founder & CEO, Felicity Games (@FelicityGames)
(0:00) - Casual gaming and distribution-first model
(2:20) - UA arbitrage & testing over product-first bets
(4:19) - Casual vs Mid-core vs AAA Games breakdown
(5:39) - Evolution of casual & Felicity portfolio thesis
(9:32) - Evergreen games and long-term retention logic
(11:37) - Pizza vs Dal Chawal analogy
(14:21) - IP acquisition economics, payouts & scaling
(15:26) - Testing cost, CPI and studio partnership
(17:25) - Stage-gated payouts & monetisation
(18:50) - ARPDAU, CAC-LTV discipline, 6-month payback and portfolio compounding
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