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"My Entrepreneur Story" - USC Marshall School MBA Presentation

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My presentation to a group of MBA students at USC Marshall School of Business on 10.28.2010 titled "My Story as an Entrepreneur"

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"My Entrepreneur Story" - USC Marshall School MBA Presentation

  1. 1. Ming Chan<br />Founder/CEO, The1stMovement<br />email: ming@the1stmovement.com<br />twitter: mingAtT1M<br />
  2. 2.
  3. 3.
  4. 4.
  5. 5.
  6. 6.
  7. 7. You?<br />
  8. 8. Full Service Digital Agency<br />
  9. 9. We Help Brands Tell their Stories <br />
  10. 10.
  11. 11.
  12. 12. Accolades/Recognitions<br />
  13. 13. New York<br />
  14. 14. Hong Kong<br />
  15. 15. “The accomplishments of the children were the trophies that many parents defined their own success and status by. We were the ultimate scorecard.” <br />Tony Hsieh, Zappos<br />on Asian culture<br />
  16. 16. My Parents<br />
  17. 17. St. Paul’s Co-ed, Hong Kong<br />
  18. 18. RLS, Pebble Beach, CA<br />
  19. 19. Occidental College, CA<br />
  20. 20. “I don’t care what you want to be when you grow up, but be the best at whatever you decide to do.<br />The best Janitor will always have a job.”<br />My Dad<br />
  21. 21. Occidental College, CA<br />
  22. 22. Summer, 1999<br />$3,000<br />
  23. 23. Silicon Valley, CA<br />
  24. 24. Software Engineer, 1999<br />
  25. 25. Dot-com Bubble Burst - 2000<br />
  26. 26. Web Developer, 2000<br />
  27. 27. Director of Flash Development, 2005<br />
  28. 28. “I want to put a ding in the universe.”<br />Steve Jobs, Apple<br />
  29. 29. The Balance of Left/Right Brain<br />
  30. 30. Advertising + Technology?<br />+<br />
  31. 31. Los Angeles, 2005<br />
  32. 32. Freelance “Job Interviews” 2005-2006<br />
  33. 33. 2006 - April<br /><ul><li> Quit Full-Time Job
  34. 34. $20,000 Personal Investment
  35. 35. Registered The1stMovement LLC.</li></ul>2006 - August<br /><ul><li> Rented an Office in Downtown LA</li></li></ul><li>Our 1st Office, April, 2006<br />
  36. 36. “The AC is broken but I don’t want to open the window. It smells like urine outside.”<br />Bryan, Our 1st Employee<br />
  37. 37. 2006 - December<br /><ul><li> 4 Full-time Employees
  38. 38. $150,000 Revenue</li></li></ul><li>
  39. 39. 2007<br /><ul><li> Partnered up with Ann (Business Development)
  40. 40. Moved to Pasadena Office
  41. 41. 8 Full-Time Employees
  42. 42. $400,000 Revenue</li></li></ul><li>
  43. 43. Our Pasadena Office, 2007<br />
  44. 44. 2008<br /><ul><li> Opened Denver Office
  45. 45. 18 Full-Time Employees
  46. 46. $1 Million Revenue</li></li></ul><li>
  47. 47. Our 1st Denver Office, 2008 <br />
  48. 48. “Success is a lousy teacher. It seduces smart people into thinking they can't lose.”<br />Bill Gates, Microsoft<br />
  49. 49. 2009<br /><ul><li>Feb - 2 Month of Cash Flow
  50. 50. Feb - Laid off 5 Full-Time Employees
  51. 51. April – Signed Cisco as Client
  52. 52. 25 Full-Time Employees
  53. 53. $2.3 Million Revenue</li></li></ul><li>2010<br /><ul><li> Awarded Digital AOR for PENTAX
  54. 54. 38 Full-Time Employees
  55. 55. $5.5 Million Revenue
  56. 56. Best Places to Work in Los Angeles
  57. 57. Inc. 500 Fastest Growing Private Companies
  58. 58. Top 40 Advertising/Marketing Companies</li></li></ul><li><ul><li> Active Member of EO LA (Entrepreneur Organization)
  59. 59. Interactive Member for the National Academy of Television Arts & Science
  60. 60. Mentor at AFI Digital Content Lab
  61. 61. Top 10 Asian Entrepreneurs by Inc. Magazine</li></li></ul><li>Our T1M Family<br />
  62. 62. My Daily Mental Check-list<br />
  63. 63. My Daily Mental Check-list<br /><ul><li> What is My Purpose?</li></li></ul><li>My Daily Mental Check-list<br /><ul><li> What is My Purpose?
  64. 64. Am I still a Bootstrapper?</li></li></ul><li>My Daily Mental Check-list<br /><ul><li> What is My Purpose?
  65. 65. Am I still a Bootstrapper?
  66. 66. Am I Fishing Where the Fish Are?</li></li></ul><li>My Daily Mental Check-list<br /><ul><li> What is My Purpose?
  67. 67. Am I still a Bootstrapper?
  68. 68. Am I Fishing Where the Fish Are?
  69. 69. Am I Improvising and Innovating?</li></li></ul><li>My Daily Mental Check-list<br /><ul><li> What is My Purpose?
  70. 70. Am I still a Bootstrapper?
  71. 71. Am I Fishing Where the Fish Are?
  72. 72. Am I Improvising and Innovating?
  73. 73. Is My Glass still Half Full?</li></li></ul><li>“A Journey of a thousand miles begin with a single step”<br />Lao-Tzu, Taoism<br />
  74. 74. Thank You!<br />Ming Chan<br />Founder/CEO, The1stMovement<br />email: ming@the1stmovement.com<br />twitter: mingAtT1M<br />

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