Last Sunday when I entered VIP room at JWEF , I was introduced to this guy with his mini version boy on his lap, and his pretty wife with white top and red skirt. We had chit chat and he told me he’d be in Jakarta this Tuesday, and I told him that we’d have 57th #Startuplokal Monthly Meetup on Tuesday night. To be really honest, only a very few did I know about him until he shared his amazing story on JWEF stage a few minutes later, and get inspired that I took note and now share this with you all. Timothy Tiah founded Nuffnang with Cheo Ming Shen at 2006 when he was 22 years old, with 150k RM startup capital, partly borrowed from his father. He simply founded it because there’s nobody built it before, while the demand was actually there. The site was launched in February 2007. Sales ≠ cashflow On earlier years, although Nuffnang sales highrocketed, the cashflow was poor. At one point he only has 5k left in bank, while there were invoices need to be paid out urgently. He came to Hon...
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