My Start-up Failed In 22 Months - Here's What I Learnt

At 33 years old, Khoo Kar Kiat quit his job to test out the lean start-up business model, which resulted in Fastbee – a hawker food delivery service using vending machines as distribution points.

In starting his own business, Kar Kiat had to find out how to get and sustain funding, and how to use technology to improve business models.

But start-up failure rates are high, and Kar Kiat’s business was no exception.

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[kalemercer]

"Show me someone who has never failed, and ill show you someone that has never tried"

[explosioninthesky]

The thing that really interesting in entrepreneurship is every failure is a lesson

[vllb]

Brave guy. At least this guy has a sense of leadership and responsibility in him.

[prettyo.]

We often or always jst see success stories of people, but we rarely hear stories of failure. Bcoz of that when we're young we tend to oversimplify life and think that its jst gonna be smooth sailin ahead. In reality, failure happens, most people failed on their first try and its normal. Only a small percentage of people who followed their dreams gain instant success, life isnt jst rainbows n butterflies. Im glad i watched this video, and i really appreciate him for sharing his story!

[ZhaneStrife]

Thanks for sharing this. Ur a brave man. You will succeed one day eventually

[gauravpatil]

Ur not a failure Ur a winner who just a step away.. I BELIEVE IN U

[adrians.]

Show me One Great founder that has t experienced failure in the past. You can’t. I love this guy for sharing this.

[singhraunak]

I fail 21 interview for a in last three month and after that I successfully clear 19 interview got a job in one of the best company of UK. Very happy to face such failure who can teach you better then success. 🙂

[MultiplePersonalities]

I have learned so much more from my failures than anything else. The thing I love about people like you is that you are the few who take action, not afraid of risk, and a role model aiming to change an industry.

[syazana]

"Failure is okay". When you said that I feel like somehow relieved because I always think of myself as a failure. Thank you, sir. I really need to hear that. I hope you'll success in future in whatever you're doing☺️

[sayyidpersonal]

A great entrepreneur once told me. Learn from the mistake of other people rather than seeing other people success.

[JeffLamth]

Hey Khar Kiat, thanks for being brave to share this! Not sure if you still remember me; I still remember you while at Pollinate — you always had a positive aura around you and that is really something that can’t be easily taught. Would love to catch up with you sometime!

[farajasmin]

Hi, I am a lecturer and would love to share your story to my students. People tend to share success story but at the same time how many businesses that were actually survive? With this story, I will be able to share how important it is to accept failure, never give up and always allow yourself to develop. Everyone do mistakes. Thank you for your sharing

[CLSGL]

The education system teaches you that failure is never ok. If you can avoid failure, do so at all costs. This forces people to give up their dreams and pursue a more “reasonable” life with a lower/lower middle class wage.

Failure forces us to be better. After failing so many times with different startups, I’m glad I finally found my path to success in software.

[erlangga]

Dude, you're like my hero. the man who takes action.

[Gamabunta]

I love this. They are showing the failures as well.

[miketaiwanwalkcity]

I applause! He was COURAGEOUS to quit his job and tried to make his vision a reality

[jk]

Startup is really tough work but this is where Singapore really need. People with the grit and spirit to work out something new. I would lend my support to such locals who are willing to try by trying out their products.

[jryde]

Not only is he brave to leave his career and start a bussiness...this man told his failures...major props bro.

[leehyunsong]

Two years without competition and business still fail, very likely the business model is not profitable; how much Singaporeans willing to pay extra while most of us can just buy foods downstairs.