4.6 • 683 Ratings
🗓️ 3 January 2019
⏱️ 18 minutes
🧾️ Download transcript
CheeTung is committed to bring the same level of analytics, sophistication, and scientific rigour to managing people as is currently applied to managing finance and customers. He is the CEO of EngageRocket.
Before becoming an entrepreneur, he was Regional Director of Gallup in Southeast Asia. He read Economics at the University of Cambridge, and has an MA in Political Science from Columbia University.
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0:00.0 | Keep your eyes open. There's many, many routes to success. |
0:02.6 | Cheongingung well decorated in terms of academia, went back to Singapore to serve in the military. |
0:06.1 | And then after that, you know, after that joined basically a big corporation and said, |
0:10.0 | you know what, there's a big problem with employee engagement. |
0:12.6 | In 2015, 2016 timeframe, he quit that job, launched Engage Rocket. |
0:17.5 | Now serving 40 customers paying about a grand per month. |
0:20.3 | So $40,000 per month in the United |
0:22.6 | States dollars. That's up about 8X from a year ago in June 2017, where they were only doing |
0:27.3 | about $4,500 a month. They bootstrap for a while, but then raised $400,000, currently doing |
0:32.8 | another round of funding, about 105% net revenue retention annually with a cack of about $5,000 and a |
0:39.6 | payback of under six months. Their team of 17 in Singapore, again, making it easier for you to |
0:44.8 | collect, manage, and engage employees and your team. This is the top entrepreneurs podcast where |
0:52.3 | founders share how they started their companies and got filthy rich |
0:56.1 | or crash and burn. Each episode features revenue numbers, customer counts, and other insider |
1:05.0 | information that creates business news headlines. We went from a couple of hundred thousand dollars to two point seven million. |
1:12.5 | I had no money when I started the company. |
1:14.4 | It was $160 million, which is the size of any IPOs. |
1:17.8 | We're a bit strapped. |
1:18.8 | We have like 22,000 customers. |
1:22.6 | With over 5 million downloads in a very short amount of time, |
1:26.9 | major outlets like Inc. are calling us the |
1:29.0 | fastest growing business show on iTunes. I'm your host, Nathan Latka, and here's today's episode. |
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