This dentist built a $2 billion Korean start-up — after 8 failed businesses along the way. (via CNBCMakeIt)
"We saw a large opportunity and a trend that was happening outside of Korea," Moonsuk Oh, principal at Altos Ventures, told CNBC Make It. "And we saw a founder that had the vision and the commitment to execute on that."
"My instinct and my use test showed me that everyone needs to do money transfers for various reasons," said Lee. "I thought that could be millennials but also many other groups."fintech analyst Varun Mittal, Lee spotted the opportunity at just the right time, when Korea's banking scene was ripe for innovation.
"It's only going to grow because the number of online transactions people make are going to grow. As long as the economy continues to grow, they will grow," said Mittal, who defined that growth as expansion in user numbers, transactions, and overall dollar value.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Phil Knight, the billionaire cofounder of Nike, just listed his golf course retreat for $1.55 million, months after selling a neighboring parcel of land for $2 million. Here's a look inside.The home, which sits on a golf course in La Quinta, boasts sweeping views of the exclusive green and the nearby mountains.
Read more »
31 Things on Sale You’ll Actually Want to Buy: From Madewell to Sunday RileyThis week’s deep dive into the Internet’s sales bins includes discounted Filson, a whole bunch of goodies from Saks’ Friends and Family sale, a highly giftable umbrella, and some $2 washcloths
Read more »
Two consortiums present bids to build Bogota's $3.9 billion metroTwo international consortiums have submitted bids to build the first line of Bog...
Read more »
'Absolutely no reason' to own Tesla stock, wealth manager saysTesla's stock price has slid over 25% since the beginning of 2019 as the company has failed to build on the profits it earned at the end of last year.
Read more »
These 4 mega-homes were on sale for over $100 million each — take a look insideThese crazy big homes are packed with amenities from a bowling alley to underground tunnels and even at $2 million TV that rises up from the pool.
Read more »