Why 90% of Startup CEOs Are Failing | John Kim Sendbird

In this video, we present valuable wisdom shared by John Kim, the CEO of Sendbird. Having achieved the status of a triumphant entrepreneur after over a decade of relentless dedication, he has distilled five pivotal principles that underpinned his journey to success. Don't miss the chance to explore these invaluable insights that pave the way for achievement.

Sendbird, a remarkable startup that came into being in 2013. With a staggering funding of over $200 million and a user base exceeding 300 million individuals, Sendbird has earned the distinction of a unicorn startup. This trailblazing company offers cutting-edge services encompassing advanced chat, voice, video, and livestream messaging that can be seamlessly integrated within a matter of days.

00:00 Intro
00:54 Can you do it for 10 years?
01:40 Talk to users
03:28 Build a great Culture
05:50 Find your next step from others
07:16 Risk Great things

EO stands for Entrepreneurship & Opportunities. We're looking for more inspiring stories of entrepreneurs all over the world, so don't hesitate to contact us! :)

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[sltho]

This guy is a leader. Provides clear direction, focuses on the fundamentals, commits to a strong culture and defines it as an operating system. Hope to see more of him.

[세렌디피티-od]

4:30 "It's not a what you write on the wall, it's what you do and live everyday, and that is the culture" love that part!

[setionos]

1. Customer Engagement: you need to regularly talking to customers, suggesting that founders should aim to speak with 3 to 5 customers every day to build a strong product-market fit.

2. Alignment with Strengths: Founders should choose ideas aligned with their strengths and commit to them for the long term. Don't pick ideas solely based on market trends without considering personal commitment for the next ten years.

3. Balancing Strengths: the need for balance between product development & customer engagement. Recognize your strengths, whether in product building or customer interaction, and prioritize accordingly.

4. Iterative Product Development: In the early stages, rapid iteration and feedback are crucial. (i.e. quick follow-ups within 24-48 hours, emphasizing the importance of constant product improvement)

5. Cultural Importance: Culture is likened to a superorganism. Kim discusses the impact of culture on decision-making, execution, and the need for an iterative approach to shape and maintain a positive company culture.

[braveman-qvvf]

00:03 Talk to 3 to 5 customers a day to build a strong product
01:11 Commitment is crucial for success
02:05 Balancing customer interactions and product development is crucial for success.
03:01 Delivering within 24 hours is important
03:58 The culture of an organization is crucial for decision making and everyday execution.
04:55 StarLink's downfall was due to a disconnect in leadership and a toxic culture.
05:59 Continuously seek out companies or people who are ahead of you
07:01 The job of a CEO is to get the strategy right, onboard the right teams, and allocate resources.
Crafted by Merlin AI.

[Taskade]

Just finished watching John Kim's insights on startup CEOs and it was super enlightening!

[HarpaAI]

🎯 Key Takeaways for quick navigation:

00:01 🗣️ Talking to 3-5 customers daily is crucial for startup success; strong product-market fit matters most in the early days.
01:04 🤔 Choose ideas aligned with your strengths, commit for the long term, and envision your role over the next ten years.
02:05 🛠️ Balance strengths between building a great product and engaging with customers to find product-market fit.
03:02 🔄 Iterative development cycle, prompt follow-ups, and managing expectations are essential in product development.
04:02 🧠 Culture is the collective habits, values, and strengths of an organization, influencing day-to-day decisions.
05:00 👥 Strong culture empowers good people, promotes understanding, and drives successful leadership and execution.
05:59 🚀 Seek out mentors ahead of your stage for guidance and learnings to achieve faster growth.
06:57 💼 CEO's role: Set strategy, onboard teams, allocate resources; plan ahead and upgrade leadership for growth.
07:29 🌟 Building confidence through achieving milestones helps tackle bigger challenges and longer time horizons.

Made with HARPA AI

[chans]

Damn . He summarized my learnings of past 3 years. Amazing guy. I'd love to work with him

[marchix]

My college roommate got hired by this guy as the first Sales rep for the US office... I had an opportunity to move to sendbird too but didn't take it... one of my biggest career regrets... John sounds like a great CEO with clear vision and passion

[RajeshYadav-ip]

Five advice by John Kim Sendbird --
1.Can you do it for 10 years ?
2. Talk to users
3. Build a great culture
4. Find your next step from others
5. Risk greater things

[윤정호-by]

김동신 대표님 좋은 인터뷰 감사합니다. Thank you for sharing great insights.

[ZombiemanOhhellnaw]

Who needs a MBA when there's videos like this for free!

[alexkwesisackey]

it’s soo hard that if you are not passionate, any rational human being will give up and you have to do it over a period of time so if you don’t love it or if you don’t have fun doing it u will quit

[victoradedamola]

The comment section is full of many intelligent 🧠 people who deserve an audience. Well done.❤

[manoftomorrow]

Alot of new business people are not filling a gap. That's the problem that people do not understand "what gap are you filling? Why your product will standout above the rest?" Spend time perfecting your product and services before you worry about "networking"

[lyonoriginal]

Delved into the fundamentals of actually running a company

[ElvinGadama]

Wonderful, I like how he gives straightforward answers on how to approach business aspects, am inspired, thanks John.

[hiteshita]

Great video!!! How wisely you explained the company culture👏👏

[ER-svnp]

0:10 คุยลูกค้าเยอะๆ รู้จัก ทั้งกลุ่มให้ได้ ยึด niche แรกให้ได้ก่อน $ สำคัญ
- ดูคู่แข่ง อย่าชนเจ้าใหญ่ หา niche ตัวเองให้เจอ ยิ่ง barrier สูงจนต่างชาติเข้าไม่ได้ ยิ่งดีก่อน
- ใช้ทุนให้น้อย เพราะ ไทยไม่รวย คนรวยไม่ซื้อของไทย
0:21 ไม่มีอะไรสำคัญกว่า จะเจอ Hero SKU นั่นแหละจุดเริ่ม ที่จะเริ่มทำธุรกิจ ขยายตลาดของจริง
Distributor Agent คือต้องหาสินค้าดีๆ มานำเสนอ หน้าที่แค่นี้ คือหาของดีมาแทน ลูกค้า

[bedit]

Agree with a lot of founders are not focus on their product. They are under the illusion - successful zone

[못코코]

It that tells you the true meaning of running a startup and success😊