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Posts Tagged ‘Korean American Coalition’

Ben Huh, CEO and Co-Founder of Cheezburger Network, wants to provide people with five minutes of happiness each day with his empire of hilarious niche websites. His favorite is his first, icanhascheezburger, which provides audience-submitted photos of cats with witty captions.

Ben presented at the KAC (Korean-American Coalition) Networking Social last night, sharing the history behind his internet success. He mesmerized the packed gathering with his easy charisma. He said his job is like being the world’s worse comedian who can still make people laugh. He doesn’t have to tell any jokes, just show content submitted by the public. Ah, vive la web 2.0! And long live entrepreneurs like Ben who know how to provide compelling and valuable platforms that make us happy.

Ben is a local internet star, getting a lot of media attention. Yet, he remains humble and funny. He is engaging and authentic, critical traits for any successful web personality. He speaks easily, and answers all questions. He said he became an entrepreneur because he hated his job at the time. His motivation was not a driving ambition to become rich, but a desire to do something he would enjoy.  He shared that he doesn’t own cats. In fact, he is actually allegoric to cats, but he certainly loves cat photos. Ben said his biggest current challenge is finding the right people for his growing team. Amen (A repeated theme on this blog).

Entrepreneurs can learn a lot from Ben. To be successful, you need to be passionate about what you do. A web entrepreneur needs to be authentic and transparent. And oh, it’s nice to have a business plan that includes zero cost “inventory”.

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Cheezburger is one of the largest blog networks in the world where more than 12 million people come every month to get their daily dose of laughter. With 220 million page views per month, the Cheezburger network of more than 30 blogs including I Can Has Cheezburger, FAIL Blog, GraphJam, Emails From Crazy People, ROFLrazzi, and There, I Fixed It is quickly becoming the new Internet media empire. Every day, more than 10,000 photos and videos are submitted and page views are growing at an annual clip of 300%. In addition to the blogs, a Cheezburger inspired book spent 13 weeks on the New York Times bestseller list during the winter of 2008. In the fall of 2009, three more books were released – ICHC: How to Take Over Teh Wurld, FAIL Nation, and GRAPH OUT LOUD.

Ben is a former journalist turned dot com entrepreneur who has a knack for nailing the zeitgeist. He has been credited with bringing Internet memes to the mainstream and popularizing Internet culture. The success of his business is attributed to his knowledge of memes, viral content, and crowd sourcing. Ben graduated with a BSJ from Northwestern University’s Medill School of Journalism.


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Meet Scott Oki, an inspiring community activist and philanthropist.    Recently, I had the privilege of working with Scott during the Korean-American Coalition (KAC) national convention, where he volunteered to be one of the keynote speakers.

Inspirational and articulate, Scott spoke of the need for “personal integrity”, particularly among our youth.    

Growing up in Seattle, Scott came from modest means and remembered many “spam and rice” meals.  As a Japanese-American family, his family was relocated to an internment camp during World War II.  Yet, Scott never saw his father act out of bitterness from the experience.  His father taught him about personal integrity and personal accountability.

Eventually, his father got him involved in Boy Scouts that re-enforced the principles of personal integrity.  Now, he has a passion for making Boy Scouts and other such organizations available to the youth of today, including those in the inner city areas.  I agree that spending money and effort to engage the youth with Boy Scouts is a better alternative to building more jails.

Scott is indeed a man of personal integrity.  He is also a man of compassion, and a man of extraordinary abilities.  While his philanthropy is well documented, perhaps Scott’s greater contributions have been his active personal involvement in community causes.  He has founded or co-founded over a dozen non-profit organizations.  In addition, he currently serves on dozens of advisory boards and boards of directors for both for-profit and not-for-profit companies.

Scott’s most current business venture is with Oki Development, Inc., an investment company with diverse interests in real estate, golf course development and management, restaurants, a professional soccer team, and early to development stage information technology.

All golfers in the region know about his collection of golf courses.  I’m a repeat owner of the Oki card like many other golf enthusiasts, which offers discounts at Oki courses during the year.  When pressed about which one of his courses is his favorite to play, he was very reluctant to choose just one.  Upon further pressure, he said he really enjoys the Hawks Prairie courses in Lacey.

Whether providing amazing golf experiences or leading the charge for the youth of today, Scott Oki has been a tremendous asset to the local community.  Since his very successful career at Microsoft where he spearheaded the company’s international launch before retiring in 1992, Scott has been a proud example of personal integrity and generosity.  I, for one, am proud to have him as a role model in the community.

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Meet Ike Lee, a successful businessman and venture capitalist who came to Seattle looking for peace and quiet. Ah, the greenery, the clean air, and relaxation… no way! Ike has had a tremendous track record of finding unique business opportunities. Now, these opportunities are finding him – even here in Seattle.

After the burst of the internet bubble in 2000, Ike came to Seattle, leaving the hustle and bustle of Silicon Valley. He wanted to do “nothing” in Seattle but quietly raise his two young children and lower his golf handicap.

For people like Ike, however, doing “nothing” is not possible. It’s in their blood to do “something” – “something special”. By 2002, Ignition Partners, a prestigious local venture capitalist group, talked him into joining their team as a senior advisor and venture partner. Last year, Ike was involved in more than $300 million worth of mergers and acquisitions activities through his company, Lee Technology Consulting. “I wasn’t really looking for these opportunities,” Ike said. “Lots of requests came in looking for my help.”

Well, that is not surprising given Ike’s impressive track record. He came to the United States in 1980 working for the Korean conglomerate LG International. Two years later, he started his own defense electronics company, Amtech, in Los Angeles. When that industry suffered a downturn, he refocused the company on microchips. By 1986, he put angel investment into the then emerging microprocessor company, Cyrix, which later listed on the NASDAQ in 1993. “Once I got a taste of an IPO, I switched my focus to becoming an investor,” Ike recalled.

Ike eventually moved north to Silicon Valley and was involved in six IPO’s, including the hugely successful listing of Netscreen Technologies in 2001. Goldman Sachs voted this as its IPO of the Year after raising $160 million from the offer, well above its target. Netscreen Technologies continued its success story when it later sold to Juniper Networks for $4 billion in 2004.

In Silicon Valley, Ike oversaw the incubation center at Stanford Research Park in Palo Alto, California, which produced four of the IPO’s on his resume. Although Ike has enjoyed business success on many fronts, he has especially enjoyed working to represent American companies into the Asian markets. For example, he facilitated the $35 million acquisition of 3DO’s digital semiconductor division by Samsung.

Do “nothing”? Currently, Ike is working on his seventh IPO, as the company prepares for its road show. Meanwhile, the business plans continue to pour in for his review. And he just can’t seem to resist reading them. “I’ve noticed that some companies really grow during difficult economic times,” he said. “Actually, these tough times often present a lot of opportunities. We have a two-year window to make good investments.”

How can he do “nothing” when he enjoys so much helping young entrepreneurs? In this regard, he especially would like to help young Korean-American entrepreneurs. He has noticed a lack of venture-backed Korean-American entrepreneurs in the Seattle area, compared to those in California. Ike has volunteered to be a panelist on a session about “Harnessing the Entrepreneurial Opportunities” for an upcoming Korean-American Coalition (KAC) National Convention that will be hosted in Seattle September 26-28.

Ike’s successes are truly an inspiration to all. His willingness to help young entrepreneur is a tremendous gift to all those who take advantage. As much as he has tried to avoid the spotlight here in Seattle, those in the know understand what he can contribute to the local business community. In fact, he recently has been nominated as a Business Ambassador by the State of Washington.

As for his original goal of spending time with his children, his daughter is now in a boarding high school on the east coast and his son is in Junior high school becoming ever more independent. As for lowering his golf handicap, he unfortunately suffered a back injury that required surgery. Well, I guess it has turned out well that business opportunities keep following this charmed man.

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