From Lost Student to $100M Founder | Eric Wei
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- Опубликовано: 19 июн 2024
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Eric Wei, co-founder of Karat, discusses the challenges that creators face in the financial ecosystem and how Karat aims to provide financial services tailored to their needs. Eric Wei also talks about the evolving landscape of the creator economy, the need for creators to experiment with new formats, and the importance of building deeper engagement with their audience.
Timestamps:
00:00 - Introducing Eric Wei, Co-founder of Karat - a financial platform for creators.
00:33 - Many people didn't follow standard paths to success
08:27 - Contemplating parenting and the meaning of life.
15:29 - Importance of mindset, Maslow's hierarchy, children's upbringing for self-fulfillment over survival.
19:51 - Fintech business considerations: acquisition, underwriting, cost of capital, and vertical focus for market advantage.
21:51 - Trust is key in building financial products.
31:10 - Creator feels trapped by dependence on brand deals.
32:29 - RUclips creators build deep engagement through strategy.
40:10 - Success for creators requires mental fortitude and risk-taking.
46:54 - Early involvement in ecosystem with business, finance, and tech experience, later added creator knowledge.
49:40 - Discussions on relationships and diverse content strategies.
57:44 Success in one area does not guarantee expertise in others; business is hard. Adapting to business and life challenges.
1:06:37 - The founders feel responsibility to use funds, considering mental health balance.
1:11:38 - Interference vs. freedom, changing perspectives.
1:14:19 - Stereotype of Asian Americans as passive due to immigrant background.
1:20:11 - Discussion on human potential and value.
1:21:12 - How to find Eric Wei online
I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone's that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.
No way this guy is 32. Thought he was at most 22 until he mentioned it
The meaning of life could be to be a parent. Eric certainly has the means to provide for a child as successful as he has become. Raising children has been the unbroken chain that our ancestors have done for millennia. Just a thought.
hello sir, i am very expert thumbnail designer, you have posted on upwork for the hiring thumbnail designer , recently my connect is zero,,,,i could not apply....my buget is very low....kindly hire me and be member of your team. you can test my thumbnail....kindly think about me
i am youtuber
This CEO sounds a bit immature. It is COOL to be obedient and to respect your parents. You should be thankful to have parents who push you to be your best and to achieve “XYZ” goals. If it wasn’t for them (and of course other environmental factors and your internal drive), you would not be here. It is awesome to be appreciative of your parents.
Mediocre start-ups like this won’t survive in this interest rate environment.