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Speaker: Ka Mo Lau - Top 3 surprising insights for student entrepreneurs
By Sohara Mehroze Shachi
The first speaker at this year’s YEI boot camp was Ka Mo Lau (YEI ’08), cofounder and Chief Financial Officer of PaperG – an advertising technology company and online platform that enables businesses to connect over the summer and which was recently named one of Forbes’ 100 Most Promising Companies in America.
Ka Mo had some insightful and, at times, counter-intuitive insights to share with the fellows. Here are his top 3 take-aways:
1.Ignore (most) advice. Listen to people’s logic and arguments to find out facts, but walk along your own path to explore your idea. You have to be willing to bet on your assumption and the only way to figure out if it works is to try it out.
2.Don’t get involved with a start up unless you are willing to do intense work – this is not a 9 to 5 job and hours will be long. If you are the head of the company, think about how different perks can incentivize employee behavior and effect morale.
3. Choose the right advisors. There are two kinds of advisors – those who give industry-specific advice and those who give high-level operational advice – and both are valuable. Use their time wisely and make sure you approach them with specific requests so that you can elicit helpful responses.