Post on 15-Oct-2021
How researchers can build great startup in China? - 3 lessons I learned
Hang Chen ZJU / SFU / Co-founder and CEO of kujiale.com
Lesson 1My father as a researcher is also a good entrepreneur,
which strengthen my belief
Kujiale’s idea: Home decoration is really bad experience for mostly everyone in China
With kujiale.com - design your home and make what you see what you get
Lesson 2 - Find Product/Market Fit (PMF)40% rule: at least 40% percent of surveyed customers (users) indicate that they
would be "very disappointed" if they no longer have access to a particular product or service
About kujiale.com• Founded by 3 CS graduate students
• Easy-to-use design tool - make VR applicable to everyone
• Real-time render with self-built GPU-CPU cloud service
• 4,000,000 registered users, 1500 business customers
• Renders 200,000 VR pictures each day
• 10,000,000 structured home data throughout China
• Valued 300M USD by GGV (invested Houzz), IDG, etc.
Use artificial intelligence to build world's largest product knowledge graph, which helps optimize the supply chain of cross border e-commerce.
Another example of big data startup: Club Factory.
Lesson 3 Opportunities of big data
Eat Live TravelWear
2011.11.11 - 3.4B¥2016.11.11 - 1.2T¥
2011: 0 2016:10M+ meals/day
2011: 0 2016:10M+ travels/day
<A Tale of Two Cities>, Charles Dickens
“It was the best of times, it was the worst of times”