#83 - Kevin Hong | Living Out of a Van for 2 Years and Building a $15M Company in the Process
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Descrizione
Kevin Hong is a columnist for Inc. Magazine. He has also contributed to CNBC, Forbes, and Huffington Post. During normal business hours, Kevin runs Cinema Intelligence as the CSO, a...
mostra di piùAs a 19 year-old college drop-out, I was making nearly $10,000/month. This was 2004 and despite just moving back from Korea at the age of 16 and speaking broken English, I managed to run a successful network marketing business selling outdated beepers and refurbished cell phones in underserved neighborhoods such as Compton and Inglewood. I had a knack for sales and I knew it.
Several months into my business, someone poured gasoline on my car and burnt it to the ground. Although the eventual determination was that this bonfire was a random act of violence, my parents were traumatized by the experience and attributed the incident to my business. I went back to school to comfort them and for once to not be the “black sheep” of the family.
My dexterity in people skills actualized into a successful stint in poker which transitioned into a career in finance. After I graduated from college in 2007, I became a retail stock broker during the Great Recession. The experience was surreal as several times I found myself comforting grown men who were crying on the phone as well as occasional death threats that occurred because of a rattled client who would blame anything or anyone but themselves for a wrong trade that was made in a stock such as Lehman or Bear Stearns.
Itching to re-engage with my entrepreneurial aspirations, I teamed up with a client who had $75M in assets to launch a hedge fund in early 2009. Despite the resources we had, my client eventually had cold feet given the deteriorating market conditions along with the financial scandals such as Maddoff that popped up during this time.
Determined to launch my own company, I began to build my own capital by trading options in my personal account. This resulted in a year of 118% in 2011, which provided me the capital along with the financial safety net to help launch Dealflicks.com. (A movie ticketing platform) In 2012, we launched Dealflicks using the most unimaginable bootstrapping methodologies. My mini-claim to fame was building a sales team of up to 5 members out of a van for 2 years, which resulted in 750 theater locations, $7m/yr in revenue annualized, nearly $5m in funding, and countless media coverage.
After a co-founder break-up, which led to my departure at Dealflicks, I decided to return my career to the corporate world. I became the chief sales officer of Cinema Intelligence (A Vista Group company, ticker: VGL) and a contributing writer for various media outlets such as Forbes, Huffington Post, Film Journal, and many more.
My unique experience in Wall St, Silicon Valley, Hollywood, start-ups, and corporate has given me not only great insight into the world of business but also a wide range of experiences from acting as a distribution consultant for a hollywood film, mentoring for the University of Chicago’s entrepreneurship program as a current MBA student, to coaching executives on sales, marketing, and business development.
- https://www.amazon.com/Kevin-Hong/e/B0785DGHY7/ref=dp_byline_cont_ebooks_1
- http://www.outlierapproach.com/
- https://www.linkedin.com/in/kevinhshong/
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