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The MIT Blackjack Prodigy Yuchun Lee Who Inspired the Movie ‘21’ Sold His First Startup for $500 million — now he’s back with another one
Allego CEO Yuchun Lee –
Yuchun Lee’s Allego Seeks Piece Of $300 Billion Training Market. Lee hopes to apply the same principles in his latest startup, Allego.
Yuchun Lee, is a born entrepreneur who came to the U.S. from TAIWAN when he was 13. By then he was already “fascinated by the concept of commerce,” he says—in particular, “how to accumulate business and make more money.” He started a software company while in high school in Houston, TX, and says he got in his proverbial “10,000 hours” of experience with computers and programming during those formative years.
Launched in 2013, Allego is a software service for corporate training videos. It offers videos that help train sales people, and makes it easy for managers to give quizzes, and feedback, while collecting real-time data on each sales rep. Lee describes it as a “corporate YouTube,” only with more interaction and business content.
Allego launched only 6 months ago, it has over 20,000 users across 50 different organizations, Lee said. It’s breaking even in terms of cash flow, while managing to grow its users by 50% every quarter, he said. Lee believes Allego has a good chance, as long as he keeps sticking to the principles he’s learned so far.
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