They put their own money into the business, one of them selling his house. Together, they scraped together $1m. By 2018, their tours and activities platform was valued at around $1b, and the business continues to grow.
It’s hard to say who’s more surprised by the achievement – Ethan Lin (CEO) or Eric Gnock Fah (President) or perhaps their parents whom they talk about openly – but one thing is clear, these two co-founders are firm friends and have each other’s backs.
It’s uncanny how well they complement each other, as you will discover in this special WiT Podcast edition, marking their 10th anniversary, with WiT founder Yeoh Siew Hoon.
In one of the most open conversations, the two founders get into some pretty personal aspects of their lives that have driven Klook to its success, and how quickly their early "lightbulb moment for Klook" went from a “phone note” to financial modelling on an Excel sheet (their banking background showing here), to growing faster than they expected when the network effect kicked in.
Have a listen.