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13 - Why Kevin Chen left finance to tackle the global language education market as CEO of Italki

“After 10 years, some investors joked you should have IPO’d or died by now.”

Kevin Chen is co-founder and CEO of Italki.com, a language learning social network and marketplace for connecting teachers & students for private classes. Before that, Keven also cofounded Famento, which sought to use social networking to help families record and share their family history.

Kevin is a reformed finance guy who spent several years working at Merrill Lynch & Lehman Brothers in London, New York and Japan. We speak a lot about his personal backstory and how he struggled to work in an environment that while mentally challenging and interesting it was ultimately unsatisfying.

We talk about how he made some of these big career decisions, the interactions with family about it, a cross-Asia backpacking trip and eventually moving to Shanghai with no plan, just a feeling that it was the right place to be.

Kevin is a really intelligent guy who’s in a somewhat unique position of a managing an extremely cross-cultural team in China with a Chinese cofounder. We talk about some of the unique challenges he and his cofounder face when trying to set a company culture while also rapidly scaling from a small, lean team to more than a hundred.

In this episode:
+ How “Liar’s Poker” got him into finance
+ Working in finance in NYC vs Japan
+ Using solo travel to reflect
+ Being a first-time founder
+ The desire & importance of documenting family history
+ Should people become chatbots after they die?
+ His motivation to start Italki
+ Challenges of building single company culture in multi-cultural business
+ Being a “bridge builder” cross-culture CEO
+ How to handle rewarding early loyal employees vs new staff needed to grow

Books;
Liar’s Poker by Michael Lewis
http://amzn.to/2uwvZ38

Mr China by Tim Clissold
http://amzn.to/2wReRSo

Wild Swans Three Daughters of China by Jung Chang
http://amzn.to/2uR8g8U

The Quantum Thief (Jean le Flambeur) by by Hannu Rajaniemi
http://amzn.to/2vPSrnG

The Hard thing about hard things by Ben Horowitz
http://amzn.to/2fC7Lh3

Linked in
https://www.linkedin.com/in/kevinchen501/

Email him
kevin at italki.com

Music:
http://www.bensound.com

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