Why would a successful investor become an entrepreneur, knowing “it’s going to be tough as hell”? In today’s episode, we learn about Clarence’s background, how he got into investing in startups, and why he became a co-founder of Ztore. We also learn some of the nuances of Hong Kong consumers and how Ztore is changing their shopping behavior, starting with groceries.
In today’s episode you’ll learn:
- Why Clarence became an entrepreneur after having been a successful investor
- The Ztore backstory
- Why Ztore is focused on Hong Kong
- About the nuances of Hong Kong consumers
- Why Hong Kong has not embraced mobile payments
- Clarence’s advice for entrepreneurs
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What was your biggest insight from this week’s episode? Let Jay know in the comments or on Twitter: @jaykimmer.
LINKS FROM TODAY’S EPISODE
- Read the full transcript from Clarence’s interview
- Find Clarence on Facebook and LinkedIn
- Ztore
DETAILED SHOW NOTES
- (01:25) Clarence shares his background and how he began investing in startups
- (05:31) Clarence addresses family dynamics and why he decided to invest time away from the family business in his own pursuits
- (10:11) Clarence’s investment experience and philosophy
- (16:29) Clarence explains why he became an entrepreneur
- (21:37) Clarence theorizes why the Hong Kong tech and startup culture has seemed to lag behind that of other developed regions
- (23:55) The backstory of Ztore
- (31:19) Clarence explains why, in Ztore’s early days, he didn’t seek funding from his family
- (33:01) Clarence explains why Ztore is a disruptive force in the retail landscape in Hong Kong
- (40:53) Clarence explains why Ztore is focused on the Hong Kong market
- (50:48) Ztore — Clarence explains the name
- (52:18) Clarence’s advice for entrepreneurs
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