Entrepreneur Alaric Ong reflects on the failure of his first food delivery venture while discussing early-stage execution bottlenecks with Nathan Latka.
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“Like in my whole business career, I've never had a sales and marketing problem. It always is an operations problem for me.”
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More from Alaric Ong
Disclosure
Ong: Investment contract binds founder's future ventures to current equity split
“In our agreement, I made it this way, like, we made it this way, and we agree on it this way, which we agree is fair, is that if, let's say, she leaves this business and she starts another business, then what's gonna happen is that she, like, she went to split…”
Alaric OngApr 21, 2021▶ 22:31Pay Dividends To Investors Before Startup Founder Gets Any Pay?
Insight
Ong: MLM is ethical if products deliver value without recruiting
“That's how I decide whether a network marketing model is ethical or not. It's based on whether if they don't recruit other people, do they still get value from the product itself?”
Alaric OngApr 21, 2021▶ 7:32Pay Dividends To Investors Before Startup Founder Gets Any Pay?
Disclosure
Ong: Raised $18K for 3% stake in tutoring business within three days
“Within three days, we raised 18,000 dollars for three percent of the company.”
Alaric OngApr 21, 2021▶ 17:02Pay Dividends To Investors Before Startup Founder Gets Any Pay?
Disclosure
Ong: Main goal of coaching program is finding acquisition targets
“My main plan on why I do coaching is so that I can find more businesses to acquire, yeah.”
Alaric OngApr 21, 2021▶ 23:57Pay Dividends To Investors Before Startup Founder Gets Any Pay?
Opinion
Ong: 2016 Startup Collapsed Over Inflexible Co-Founder Equity Split
“The main reason why the business didn't take off was because of the equity split, right? Yeah. So the business didn't work because the equity split, because one of my partners, he had to go for national service. And so he couldn't contribute to the business an…”
Alaric OngApr 21, 2021▶ 5:11Pay Dividends To Investors Before Startup Founder Gets Any Pay?
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