20 million for the mission, and the data suggests their method is working. Driven by his father and inspired by NYC’s growing startup scene this entrepreneur is now on his third venture. One which has become the largest of its type in the world.
Saeju Jeong is a repeat entrepreneur, driven to deliver a more proactive approach to healthcare. He’s already raised
20 million for the mission, and the data suggests their method is working.
Driven by his father and inspired by NYC’s growing startup scene this entrepreneur is now on his third venture. One which has become the largest of its type in the world.
Saeju Jeong recently appeared on the DealMakers Podcast where I interviewed him on how he found his purpose, his multiple startup ventures, and how to raise funding for your business ideas. .
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Here is the content that we will cover in this post. Let’s get started.
- 1. How To Help People At Scale
- 2. Hard To Buy
- 3. Finding Your Purpose
- 4. Friction, Fitness & Fixing Our Approach to Health
- 5. Finding the Funding
- 6. What to Look for in Investors
How To Help People At Scale
Saeju’s father was doing his residency at a medical center in the US when he was born. When he was just 14 months old the family moved back to a small fishing town in South Korea.
There are 29 medical doctors in the Jeong family. His father, grandfather, and uncles founded the first general hospital in their beautiful town.
Of course, it was natural for Saeju to take an interest in medicine and wellness. Yet, his father warned him that while becoming a doctor may be a great job, it doesn’t scale. Although a highly valuable, meaningful and much-needed profession, it’s really just highly paid manual labor.
He wished he could help even more people, but there were only so many hours in the day. He planted the seed in Saeju that as an entrepreneur with a service there may be more scalable ways to help even more people.
Hard To Buy
Saeju’s first startup was in the music business while still in school. He was a big fan of rock and heavy metal, which weren’t too popular in Korea at the time. From his perspective, it was hard to find and buy that kind of music. You had to travel to import it. Or the few retailers which had anything were very overpriced and not very kind.
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