The lesson from Mark Zuckerberg and Jack Dorsey that inspired these students to build a multimillion start-up

Siu Rui Quek had always been entrepreneurial. But it was a lesson learned in his early twenties from enterprising icons Mark Zuckerberg and Jack Dorsey that set him on course for the big times. I always joke that I have a mentor, which is Mark Zuckerberg, but it’s only one-way. Carousell’s co-founders from left to right, Marcus Tan, Siu Rui Quek and Lucas Ngoo. You’ve just got to love what you do and be obsessed about that problem you’re solving Siu Rui Quek co-founder and CEO, Carousell


Siu Rui Quek had always been entrepreneurial. But it was a lesson learned in his early twenties from enterprising icons Mark Zuckerberg and Jack Dorsey that set him on course for the big times. I always joke that I have a mentor, which is Mark Zuckerberg, but it’s only one-way. Carousell’s co-founders from left to right, Marcus Tan, Siu Rui Quek and Lucas Ngoo. You’ve just got to love what you do and be obsessed about that problem you’re solving Siu Rui Quek co-founder and CEO, Carousell
The lesson from Mark Zuckerberg and Jack Dorsey that inspired these students to build a multimillion start-up Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-09  Authors: karen gilchrist
Keywords: news, cnbc, companies, students, mentor, jack, zuckerberg, inspired, multimillion, siu, startup, technology, know, dorsey, mark, lesson, rui, build, big, online, quek


The lesson from Mark Zuckerberg and Jack Dorsey that inspired these students to build a multimillion start-up

Siu Rui Quek had always been entrepreneurial. As a teen, he would fuel his passion for technology and earn extra cash buying and selling gadgets online. But it was a lesson learned in his early twenties from enterprising icons Mark Zuckerberg and Jack Dorsey that set him on course for the big times. That lesson? Know your mission. Quek is co-founder and CEO of $550 million online consumer marketplace Carousell. He started the business with his college friends Marcus Tan and Lucas Ngoo back in 2012 after they were inspired by talks from the top tech talents during an internship in Silicon Valley. And, even today, he says those presentations played a vital role in shaping Carousell’s success.

I always joke that I have a mentor, which is Mark Zuckerberg, but it’s only one-way. Siu Rui Quek co-founder and CEO, Carousell

“The one thing that we really learned and took away,” Quek told CNBC Make It, “is to be absolutely mission-oriented and mission-first.” “This idea of being mission-first just helps people transcend personal egos (and) helps create collaboration,” he said. To be sure, the founders did not mentor Quek and his friends directly. “I always joke that I have a mentor, which is Mark Zuckerberg, but it’s only one-way — I know him but he doesn’t know me,” Quek said.

Carousell’s co-founders from left to right, Marcus Tan, Siu Rui Quek and Lucas Ngoo. Carousell

But, by watching their presentations and studying their style, Quek said he and his co-founders were inspired to think about the big picture and how they could use technology to solve big issues. “I think the one commonality all of them had was just this whole fascination for using technology to solve problems and make a big impact,” said Quek. For Carousell, that meant building a platform to simplify buying and selling online, which, Quek said, plays into the company’s wider mission to “inspire every person in the world to start selling.”

You’ve just got to love what you do and be obsessed about that problem you’re solving Siu Rui Quek co-founder and CEO, Carousell


Company: cnbc, Activity: cnbc, Date: 2019-10-09  Authors: karen gilchrist
Keywords: news, cnbc, companies, students, mentor, jack, zuckerberg, inspired, multimillion, siu, startup, technology, know, dorsey, mark, lesson, rui, build, big, online, quek


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How 3 friends turned their unwanted items into a $550 million business

CarousellReturning to Singapore after their internship, they did just that, focusing initially on items like electronics before expanding to categories including clothing, property, autos and even jobs. Carousell works like other online classified platforms, and lets users buy and sell unwanted items online by uploading a photo and the relevant details. However, right from the start, Quek said the trio were determined to make their Southeast Asia-centric model a mobile-first solution. They belie


CarousellReturning to Singapore after their internship, they did just that, focusing initially on items like electronics before expanding to categories including clothing, property, autos and even jobs. Carousell works like other online classified platforms, and lets users buy and sell unwanted items online by uploading a photo and the relevant details. However, right from the start, Quek said the trio were determined to make their Southeast Asia-centric model a mobile-first solution. They belie
How 3 friends turned their unwanted items into a $550 million business Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-08  Authors: karen gilchrist
Keywords: news, cnbc, companies, 550, singapore, start, unwanted, items, business, million, quek, users, suggested, selling, carousell, sell, turned, right, friends


How 3 friends turned their unwanted items into a $550 million business

Carousell’s co-founders from left to right, Marcus Tan, Siu Rui Quek and Lucas Ngoo. Carousell

Returning to Singapore after their internship, they did just that, focusing initially on items like electronics before expanding to categories including clothing, property, autos and even jobs. Carousell works like other online classified platforms, and lets users buy and sell unwanted items online by uploading a photo and the relevant details. In that way, it is similar to sites like eBay and Craigslist, which Quek cited as early inspirations. However, right from the start, Quek said the trio were determined to make their Southeast Asia-centric model a mobile-first solution. They believed it would simplify the process and better suit regional users, for whom smartphones had largely leapfrogged desktop computers. “We were really hooked to using the iPhone as our main computer,” said Quek. “I think we got spoilt by the simplicity of apps like Instagram. We wanted something that was familiar to us, something very mobile-first: Snap to sell, chat to buy, something very social.”

That simplistic approach proved popular with users. Within three days of launching in August 2012, the app was ranked second among the top free lifestyle apps in Singapore. It’s a strategy Quek said is fundamental to the company’s mission of inspiring “every person in the world to start selling and buying.” To help with that, Carousell now draws heavily on artificial intelligence (AI) to speed up the selling process. Image recognition, for instance, will automatically identify items and apply the appropriate categories and tags. Ultimately, Carousell wants to reduce listing times from 30 seconds to just three. “We’re doing a lot of things around AI,” said Quek. “We want to make selling even simpler, so today you can already take a photo, your category will be suggested, your title will be suggested, your price will be suggested.”


Company: cnbc, Activity: cnbc, Date: 2019-10-08  Authors: karen gilchrist
Keywords: news, cnbc, companies, 550, singapore, start, unwanted, items, business, million, quek, users, suggested, selling, carousell, sell, turned, right, friends


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