 |
| Karl Chong, CEO of Groupon Singapore is Pictured in Front Wearing the Iconic Brooklyn Hoodie |
The Trump Soho New York Hotel was the site of an informal presentation by Karl Chong, CEO of Groupon Singapore on Saturday, March 6, 2011. The event was filled to capacity and attended by many aspiring and existing entrepreneurs in the New York City area.
Chong, born in Singapore, and raised Australia, worked in investment banking prior to starting Beeconomic, an online company that offers group discounts on consumer products and services. It was one of the first of its kind in Singapore and it was an overnight success. The company, after only 6 months of existence was purchased by Groupon to the sum estimated at $24 million.
During his discussion, he talked about the trials and tribulations of starting a business and the risks that he took in leaving his job and beginning a business concept that was foreign to the Singaporean market. Chong advised any aspiring entrepreneur that the keys to building a successful business involve believing in one's idea even when many disagree with the potential for success; hiring smart people is necessary and to always be kind to one's staff and potential customers.
The discussion and networking event was presented by LUX Connections.
Cool.... I calculated that's about $5500 an hour. Not bad!
ReplyDeleteThanks for such informative blog. It really prove worthwhile in my How does groupon work business. I hope you like it.
ReplyDelete