Echelon: Advice and caution from 9GAG Rotten Tomatoes cofounders
Founders need to ‘discover the GAP and attempt to ACT,’ says 9GAG’s Ray Chan Be ready for the ones ‘black swan’ moments: Rotten Tomatoes’ Stephen Wang THE 2nd day of Echelon on June 11, the yearly accumulating of startup ecosystem gamers, consisting of entrepreneurs and buyers, started with some tips and heartfelt lessons learnt by entrepreneurs who’ve had a flavor of each fulfillment and failure. Taking the stage first was Ray Chan (%) , cofounder of 9GAG Inc, a famous social media internet site wherein people upload and share consumer-generated photographs, videos, and GIFs. Founded in 2008 and based in Hong Kong, the web page receives 67 million precise worldwide monthly website visitors and currently boasts over 13 million Facebook ‘likes’, 2.6 million followers on Twitter and 3.6 million on Instagram. In July 2012, 9GAG raised an extra US$2.8 million in funding from Silicon Valley-based challenge capital firms that blanketed True Ventures and Greycroft Partners. It is...