My Start-up Failed In 22 Months – Here's What I Learnt
At 33 years old, Khoo Kar Kiat quit his job to test out the lean start-up business model, which resulted in Fastbee – a hawker food delivery service using vending machines as distribution points.
In starting his own business, Kar Kiat had to find out how to get and sustain funding, and how to use technology to improve business models.
But start-up failure rates are high, and Kar Kiat’s business was no exception.
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