Financing a Second Startup on Cash Flow of Your First With the success of one startup, Kiha Lee financed another.
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When daily deal sites like Groupon and LivingSocial started to heat up, Kiha Lee took notice. Capitalizing on the success of his online community for bargain shoppers, dealspl.us, the Silicon Valley entrepreneur created DealPulp.com, a startup that offers online shoppers daily deals from national merchants, many of them lesser known and seeking exposure to a wide new audience.
Since DealPulp.com's launch in January, close to 160,000 consumers have joined, snatching up bargains that have saved them nearly $700,000.
We talked with Lee about how he tapped into the success of his parent company to finance a new effort.
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