To entrepreneurs in Hong Kong, Danny Yeung needs no introduction. But for those who may not be familiar with Hong Kong’s favorite serial innovator, Danny’s long list of accomplishments is irrefutably impressive.
Danny’s entrepreneurial journey began at the young age of 12 when he started selling baseball cards, learning the importance of buying low, selling high, and negotiating for the best deal in the process. Since then, Danny’s varied ventures have seen him selling Hong Kong deserts in San Francisco, closing multi-billion-dollar furniture deals, and selling out to Groupon after only six months of founding a group-buying platform with zero e-commerce experience.
Danny’s most recent company, Prenetics, is on track to bring health care into the 21st century using genetic testing to deliver personalized digital healthcare solutions.
Listen in to learn:
- How a lack of experience doesn’t have to stop you from succeeding in even the most cut-throat of industries,
- What the future of personalized health care looks like, and
- Why empathizing with your customers is the fastest road to success
As always, tweet your questions and comments to @jaykimmer.
Links from Today’s Episode
- Read the full transcript of Danny’s interview
- Connect with Danny on LinkedIn
- Learn what your DNA can do for you at Prenetics.com
- Get a check-up at HealthTech Asia as part of StartmeupHK 2017
Detailed Show Notes
- (2:53) Danny’s first entrepreneurial venture at the age of 12
- (5:15) Jay and Danny’s shared experience with anti-entrepreneurship sentiment from within their own families
- (8:23) On the role chance and opportunity have played in Danny’s entrepreneurial journey
- (9:50) How Alibaba helped Danny launch his second business in a highly competitive niche
- (12:36) The global financial collapse of 2008 and a fortuitous email set Danny on a winning course
- (16:17) How Danny got Groupon’s attention in the crowed group-buying market
- (17:46) On why successful startup founders must get comfortable with rejection
- (19:27) Danny’s time as CEO of Groupon East Asia and why he eventually left
- (23:55) Danny’s move into the notoriously difficult-to-crack HealthTech space and pharmacogenetics
- (25:27) How Prenetics helps health insurance companies reduce patient claims using personalized genetic data
- (29:07) What the future holds for Prenetics (hint: think personalized, on-demand health care)
- (34:12) Parting advice for aspiring serial entrepreneurs
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