For internet-savvy millennials, Rotten Tomatoes is the go-to website to see movie reviews and decide if the flick is worth the fifteen bucks for a ticket.

Patrick Lee, a Co-founder and former CEO of Rotten Tomatoes, moved to China after selling his company and after a few years headed to Hong Kong.

Also Read: The Jay Kim Show: NYT-bestselling author Ramit Sethi on how to build real wealth

The podcast is full of exceptional advice for entrepreneurs, but when an old friend is Daniel Wu, that story will take the cake.

Shownotes below:

Links from Today’s Episode

Also Read: The Jay Kim Show: Chris Brogan on how to avoid entrepreneurship fatigue

Detailed Show Notes

  • (1:48) The many startups of Patrick Lee
  • (3:08) How Patrick was drawn into the world of entrepreneurship
  • (6:48) Why it took Patrick 10 years to finish a 4-year college degree
  • (9:16) On the value of a college education
  • (10:46) On the origins of Rotten Tomatoes
  • (15:31) The growth of Rotten Tomatoes from a small side project to a trusted industry source
  • (16:40) How Rotten Tomatoes got its name
  • (17:24) On raising capital for Rotten Tomatoes
  • (19:17) A financial crash and a terrorist attack affect the sale of Rotten Tomatoes
  • (21:52) Patrick moves to Asia and tries to bring online dating to China
  • (26:29) How Patrick got involved in a mockumentary about a fake boy band
  • (32:03) Why Patrick decided to move back to San Francisco after almost a decade in Asia
  • (36:19) On leaving a legacy and knowing when to call it quits as a serial entrepreneur
  • (38:18) Patrick’s parting advice for startup founders and aspiring entrepreneurs