Lee Sun-kyun, a Korean actor famous for his role in Parasite, died from apparent suicide amid drug probe. Such a tragedy. (His other work, My Mister, is one of my all time favorites..) I don’t think the drug investigation killed him. I think the internet killed him. So many Youtube videos with whatever allegations and … Continue reading Building Good Social Internet Services
Founders all know that focus for their company means defining what not to do. But sometimes we see founders who are not applying the same principle to their own personal life. Personal side projects on Github. Writing a PRD for the next company while this company hasn’t exited yet. Angel investing as a fashion. The … Continue reading What Not To Do
A few quick tips for international founders who want to break into the US/global market: 1/ B2B is better than B2C: User needs are more specifically defined, customers are typically less fickle, products have less cultural dependency, can generate stable recurring revenue 2/ If you still gotta develop a B2C product: Build a container app … Continue reading Tips for International Founders
Passion is something that strongly attracts you. You can be passionate about English Premier League, climate tech, or blogging. Obsession is your mission; the reason why you were put on this earth. What you will do when you have five years left in your life. People often have multiple areas of passion; on the other … Continue reading Passion vs Obsession
Mariah Carey’s “All I Want for Christmas is You” (a song that reportedly took 15 minutes to write) pulls in $3M each year, with the lifetime revenue of over $60M. That’s the music revenue only (which is mostly streaming these days), not counting live tour and other revenues. The fact that pretty much every single … Continue reading Content Is King; Hit IP Is King Kong
Founders looking for problems to solve: You can simplify by having these “one thing” framework: One Trend: The MFM podcast talks about “one chart businesses” – businesses based on a macro trend that’s undeniable with 90%+ certainty. What’s the One Trend expected in 2024 and beyond that you can bank your idea on? Don’t be … Continue reading The “One Thing” Framework
I’ve seen two different types of successful entrepreneurs: The running back type: They focus on here and now. They don’t think too much to the point where they get trapped under their own thoughts; instead, they concentrate on what’s ahead of them right now. They take the ball and start running, creating forward momentum out … Continue reading The Quarterback Type vs Running Back Type
So many people are intersted in making more money, while the formula has been out there in public for the longest time. Create cashflow and use the cashflow to invest in businesses that create further cashflow. Compound this over a long period of time and you have an unstoppable snowball. That’s what Warren Buffett did … Continue reading Cashflow Investment
Interesting fundraising jujitsu move I found recently: Company A = a tech startup with a next generation technology for textile materials. No revenue; couldn’t raise capital in this tough funding environment. Company B = an old-school textile manufacturing business with steady cashflow but not much growth Company A does a reverse merger with Company B … Continue reading Startup Reverse Merger
Founders: UI can be a game changer. Sometimes we see late entrants becoming market leaders with a re-imagined UI. (Examples include Gmail, Tinder, and Slack). But remember, what it takes isn’t just pretty pixels, it’s the whole user experience. One time, we asked teams to test-run a few different SaaS software so we can decide … Continue reading UI Can Be A Game Changer