He didn't make money for 8 years | Saeju Jeong (1/2)
ฝัง
- เผยแพร่เมื่อ 25 มิ.ย. 2024
- This video is about the entrepreneurial journey of Saeju Jeong, the co-founder, and CEO of Noom.
Saeju was born and raised in a small South Korean fish town called Yeosu, and he couldn't go to the medical college he wanted. He found his 1st company heavy metal music distribution company at the age of 19, but it didn't grow very well. So after his father passed away, Saeju decided to go to the world's largest market and build a great company.
Saeju founded Noom in 2008, and for the first 8 years, he and the co-founder Artem didn't make any money, and finally, in 2016, they launched the first version of Noom, and now it has become one of the largest consumer-led healthcare brands in the United States.
00:00 intro
00:46 a college dropout from a fish town in South Korea
03:15 Noom's two immigrant entrepreneurs
07:04 keys to success in Noom's business
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Here is the EP 2 video of SaeJu's interview
th-cam.com/video/PgdsItdmtMk/w-d-xo.html
The persistence of this guy and his cofounder…. Absolutely superhuman
Nha
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저는 한국에서 교육 회사를 운영하고 있습니다. 제 영혼의 멘토십니다. 매일 매일 따라하면서 회장님의 생각과 말투를 따라하면서 배우고 있습니다. 성공해서 미국으로 만나뵈러 가겠습니다! 늦은 나이지만 박사학위를 받으려고합니다. 그때까지 성공해서 만나 뵈러 가겠습니다.
All I can say to the channel is Thank You for providing useful and motivational contents to us. And to the storyteller, thank you for your sharing and your advice.
🙏🙏🙏🙏
I am Alicia Nguyen - from Vietnam
I just watched all the videos. I want to say “ thank you so much “ for everything you are doing for us . I will be one of the fans forever ❤️.
맨날 영상 2배속으로 듣다가 1배속으로 듣는데도 눈 깜짝할 사이에 다 봤습니다. 눔 대표님의 귀한 말씀 잘 들었고 너무 좋은 영상 많이 나눠주시는 EO에 감사합니다.
What a story of perseverance and overcoming self doubt.... 💪👏
Another amazing interview. I love this style.
amazing, love this guy. He is very honest and to the point. When he talks about self doubt and vulnerability that really resonates with me.
Love this channel. Please never stop uploading content.
This is some truly incredible content (I include some of the other videos I have seen here)
Thank you to the EO team
❤❤❤ love his message. Thanks for the wisdom.
Thank you so much for sharing, Sir.
I watched his other interviews where spoke Korean. I’m glad I speak both English and Korean to understand him, especially that I got to hear his experience as an immigrant in America. I’ve heard about Noom for years and never knew who was behind it. I’m so proud to see a fellow Korean making his own history which resonates with me personally too. Thanks to EO so much for producing amazing contents especially in those two languages ❤
God bless us all to do what we were born to do.
This gentleman is the real American dream! Thank you so much for sharing this talk . It truly shows that the only limitation to success is ourselves. Thanks
Lol American dream is king from dirt but he wasn't in dirt. He had enough money to move to USA and his friends and relatives have money to invest 🤷
@@BeMyArt nah
"You are making your own luck"..preach brother!
감사합니다 너무잘들었어요😊❤️
Amazing content
This motivates me as future entrepreneur
I pitched my wellness company to a VC online & they told me to reference Noom 😍 love Noom
Inspiring ☺️
Thanks for your valuable advices.
great story!
Amazing story. 🎉
What an amazing success story! I thought he is Korean-American. I'm strongly motivated Thanks a lot.👍💚
- Embrace self-doubt and persist through challenges (start: 0:00)
- Utilize behavior change to drive health outcomes (start: 0:23)
- Learn from early business failures to find a scalable opportunity (start: 2:09)
- Relocate strategically for business growth and challenge yourself (start: 2:19)
- Build networks and self-confidence as a foreign entrepreneur (start: 3:01)
- Partner with complimentary skill sets to strengthen the business (start: 3:19)
- Pitch relentlessly and take risks to recruit important talent (start: 3:52)
- Pivot products towards market needs for greater impact (start: 5:29)
- Embrace a holistic health approach for a more significant effect (start: 6:11)
- Root your company in a mission for longevity and impact (start: 7:08)
- Prepare to adapt leadership style as your startup scales (start: 10:02)
- Maintain persistence and embrace luck as a byproduct of endurance (start: 11:20)
Geez. What a brilliant guy.
Love to talk to this guy.. So awesome and can relate few of his problems as an immigrant
Nice work
He strove for greatness
Just stick to it if you believed in it even once, then never doubt yourself again on the process
Sometimes I always doubted myself too. Am I right? Always asked me. After that I realized there is no right answer. Just There is making a decision and learn something from that and decision again and again... I can say this is the endless growth loop. It is the reason why I am still trying to make something to happen to be great entrepreneur beyond the good.
Anyway this video very insprational to me. And make me more strong. Thanks to EO team.
Self doubt is the most lethal demon to potential and success and in hindsight people would think it was clear path for success .
Thanks so much for sharing
I am currently building a startup alone and it is hard as full time employees building software a day and gotta take time at night to build the action product
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If someone doesn't make anything in 8 years and somehow still has enough money to build many ventures and eat. That is already impressive by itself.
북미 거주중이고 Noom 광고를 엄청 많이 봤는데 co-founder가 한국분이신지 몰랐네요! 굉장히 의미있고 동기부여되는 영상이였어요 ㅎㅎ
Thanks
I respect you as creater
he would have been in really difficult stiuation... and it is really surprising that he eventually made his value toward the world. Actuallt, these days i'm stuck in a self doubt..like am i doing this the right way? can i make it..? from now on ill fix my mind to believe in me.. not beeing fooled by an evil's question.. thank you EO!!!
Yes everything is difficult
Please put English subtitles in your Korean channel T_T
dude looks exactly like the dad
A prog metal fan ❤️
you motivate me as i also failed in some exam
I relate as an immigrant
What excuse do we all have? None. No victim mentality. No finger pointing. This dude lived American Dream!!! It is alive and well.
❤ - Prosper Williams
you don't just move from Korea to nyc; he's got have lots of money to start
It is no easy feat going to a foreign country and then going balls against the wall with your own start up. Way to make koreans proud! It seems to me entrepreneurship has infinitely less to do with grades at school.
👏👏👏
Great interview, however I googled Noom right after I watched the video and I found loads of bad business practices where Noom charges customers upfront for over $100. Their renewal fee for the next year is collected 4 months before the next year even begins if you "forgot" to unsubscribe. In one case I saw that a person didn't even finish his 7-day free trial and was hit with an over $200 subscription fee with add-ons. These information are all from comments on Reddit and BBB complaints on the Internet.
That (charging customers, etc.) is more than likely driven by investors demand for revenue, revenue and more revenue. Once you go that route, it is inescapable. But, at the same time, what does an entrepreneur do? Specially, if s/he has to scale? The best businesses are built over time, brick by brick. Today, everyone's in a hurry.
@@rosh70 investor greed is a hell of a bug bite for a business and it hurts it for a long time or until the company has another additional innovation to counter and level the hit of negative feedback from their decisions caused by investor greed. Its tough. Thing is with this business is that they are also growing extremely quick but as you can tell about this guy’s character, he looks like investors would chew him alive, dude sold his “soul”, his business, to these investors at this point. This is why he has all those negative reviews. If he grew a back bone like Elon Musk, he would gain back control over those fees and such. As you can tell from the title, this guy was working for free to build his business. Pure passion, he had a vision. But when you’re desperate for money, shit like this happens.
that's called stealing: thus, a grifter.
@@BIGGELATO It's a classic tussle between "growth" (read - revenue) and "brand building".
He's letting some MBA monetize the app, he said so himself - they are better than him at finance. But unfortunately it will probably be his company's undoing.
👍👍👍
"How he Built $10 Billion Startup with NOTHING" 이 아니라 "How He Built a $10 Billion Startup from NOTHING"이 더 맞는 표현인 것 같습니다.
Book name 7:12 good to great
@9:00
In July, Noom paid $56 million to settle a lawsuit that alleged it tricked users into automatically renewing their subscriptions. - bloomberg
How does it do that?
Wait, so, I can’t do my own exercise like when I was in elementary-high school and I’ve to give away my hard-earn money to an app to tell me how to exercise…hmmm, okay…no wonder I have never heard of the company…guess there’s lots of ppl that just need app to tell them what to do; as long as there’s ppl with no self-esteem & can’t do anything on own and need robot to lead them to do things; there’s always company taking advantage to gain money…ways to go Noom, you understood ppl’s weakness
Great video. you've remind me of what someone once said❤ Making money is an Action, keeping money is behavior, Growing money is Knowledge. I once attended seminar and ever since then i been waxing strong financially, and i most tell you the truth.
Why can't do business based on passion on what you're interested in doing? Check the Forbes list they're all doing what they're interested in rather than business administration bullshit
What he means is pure passion alone cannot make business work. PMF is still something to be note of , and of course depending where your business is launch the TAM is another metric you will need to understand.
I could see Apple becoming a competition
Maybe Bankman-Fried should consider reading that book in prison
He's a man who made bank hence being Bankman and was just freed so he is Bankman-Freed
눔을 사용했었고 너무 만족했습니다. 원인의 근본적인 해결책을 제시해 주었습니다. 늘 감사합니다.
How come 19yr can create company ?! Why I can’t create company 😭 in the last moment you said hire a people who knows more then what you know of that department. That’s what success people do . Smart people hire a people to fix their weakness that’s a smart move . Dumb people drive everyone crazy around try to figure out them self ?
If you have rich parents like he does, it doesn't matter if you are 16 or 36.
머야 다 외국인이네
His dad is a doctor dafak, survivorship bias at its finest kekw.
It is so funny like nobody see how his parents basicly build this start up . I am looking at all this 18 years old people from my country going to New York affording living costs on their own for 8 years straight without job xD
미국판 표철민이네
I loveeeeee thisss Chaneellll
Glorified entrepreneurs. They all have their parents’ back when they “dropout”. Basically, they had no risk when they “dropout”.
There's no excuse my guy
That's bullshit. 🤣Just an excuse for idiots.Ofc if you are smart you will plan a safety net if it didn't work whether it's parents or investor's or any other way.And btw doctors aren't rich in other countries like US.Only the US have unethical medical companies,practices and salaries .