Youngest entrepreneur to receive venture funding has advice for fellow young entrepreneurs

Posted by Liam Britten

If anyone has a right to advise young entrepreneurs, it’s Vancouver’s Brian Wong. According to TechCrunch, this guy might as well be the Doogie Howser of the startup world. After skipping four grades of school, he finished college at 18, and at age 19 became the youngest entrepreneur to ever receive a round of venture funding, $200,000 from True Ventures for his venture kiip.me.

And on the True Ventures website, Wong has some advice for entrepreneurs who may be just where he was last year when he received his funding in August. He’s got five points for young entrepreneurs to keep in mind, but for my money, his fifth point is the most insightful:

5. Build relationships, don’t acquire them.

There is a lot of focus in the entrepreneurial world around meeting and networking with people. It’s great to acquire contacts, but I think its even more valuable to build relationships. Can you step away from the transactional model of meeting people and move towards a relationship model? A relationship needs to be mutual to be fruitful and healthy. As a result, the context in which you acquire a new relationship may actually affect the way you build that relationship. I like to spend more one-on-one time during lunches and breakfasts without stretching my social capital with too many casual get-togethers. It’s great to be around a lot of people who may help to open a new door, but you may find that there are certain people who become like a relational “node” or “hub”, who can help you navigate a more relevant relationship tree and point you to others who share your passion and can truly help you grow.

You can read Wong’s full list of tips here.

Company:
True Ventures
Website:
http://www.trueventures.com
Location:
Palo Alto, California, United States

True is a venture firm for early stage entrepreneurs. Founders of high growth companies deserve partners with experience, creativity and strength. Our team has directly founded over half a dozen startups and has over seventy years of combined venture capital experience. We like to put that experience to work for our entrepreneurs. more

Company:
Kiip
Website:
http://www.kiip.com
Location:
San Francisco, California, United States

Kiip is the world’s first mobile rewards network that delivers tangible rewards for virtual achievements. The company’s category-creating rewards platform enables brands to reach consumers in the moments when they are most engaged and receptive, while driving revenues and greater user allegiance for Kiip-enabled games and apps. Kiip was founded in September 2010 by Brian Wong, Courtney Guertin and Amadeus Demarzi.... more


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Liam Britten

Liam Britten

Liam Britten is a writer and editor with a journalism background operating out of Vancouver. In addition to his work at Techvibes, he has been published in student publications across Canada, as well as local newspapers such as The MapleRidge-Pitt Meadows TIMES and The Langley Advance. An aficionado for the finer things in life — such as video games and sports — Liam is plugged into the tech... more



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