Like previous seasons, “Shark Tank Vietnam – Silver Billion” season 3 attracted much attention from young people and startups. The program promises the attraction and tension right from the first episode, by the appearance of a “self-made millionaire calling for investment in the amount of up to 12 million USD”. This information is revealed just before the broadcast date.
The owner of this deal is Nguyen Van Dung – CEO Luxstay (the application works on the connecting “home-sharing” platform between homeowners and guests). He is also a name not too strange in the startup community.
“Never attended college any day”
That is the answer of Nguyen Van Dung when asked about the educational path. At the beginning of the presentation, he impressed investors when he recounted his life story.
Born in 1989, Nguyen Van Dung began to rekindle a passion for the Internet when he was a high school teenager.
Learning programming from level 2, when going to high school, Nguyen Van Dung has just gone to school and earned money from website design. After finishing high school, he decided to open a company with a friend, and refused to go to college.
“Quitting college exams is a difficult decision and a terrible ideological struggle for myself, when the career path is still not clear. Family and people around are opposed to drama. It caused me to have great mental pressure at that time, but it was the barrier that motivated me to be more successful and a psychological challenging lesson for me to overcome the pressures. bigger than later “- he tells of this” different person “decision.
Later, when he achieved some certain achievements on the way of business, Nguyen Van Dung admitted that he was a bit regretful of not going to university, but said to himself, “If you don’t study at school, you will I learn from people around me and from my own stumbling blocks. ”
Aspiration to create Vietnamese “unicorn” startup
Bringing Shark Tank to the “brainchild” of Luxstay, Nguyen Van Dung did not hesitate to express his desire to build this business into the first billion-dollar startup of Vietnamese people. Before Luxstay appeared on the Vietnamese startup map, Nguyen Van Dung had a dream career as the founder and CEO of Netlink Online Media, and also a Chairman of Metub Network – Youtube network. The largest MCN (multi-channel) in Vietnam.
Not wanting to stop, he thought about “something bigger and more challenging”. He decided to look for ideas to focus on deployment.
And luckily, when he was not able to determine the direction, he had a talk with Dzung Nguyen – CyberAgent Investment Fund Manager, also known as “Shark Dung”. Both people see the fact that at that time, Vietnam was missing the “unicorn” startups (the phrase to refer to big startups valued at over $ 1 billion – PV).
He shared about the things Shark Dung said: “In Vietnam, VNG does not have many unicorn ‘startups in the country, both in terms of size and financial potential or human factor. Vietnam has yet to have a successful start-up that is symbolic of the nation while Indonesia has Go-Jek, Traveloka or Singapore, Malaysia has Sea, Grab … ”.
Since then, the boy born in 1989 is always anxious and wants to build something to leave a mark. This motivation motivated him to “find and develop a start-up project with the goal of leading the market.”
He shared more about the reasons for choosing the tourism segment:
“Looking back, I have seen that the richest people in Vietnam are involved in real estate, but that is not my field. Looking a little wider, Vietnam is strong in tourism. government agencies and agencies are also choosing tourism as a key economic sector for the next few years, so I think I need to do something that has both real estate and tourism. ”
Realizing the potential for leasing houses, homestays, Nguyen Van Dung decided to build Luxstay:
Vietnam real estate industry is booming. They are apartments, villas and houses purchased for investment and leasing. This resource is available and more abundant than the traditional model of hotels and resorts. Vietnam does not have a business big enough to lead the market. The forms of renting houses and rental accommodation are small and scattered. And the idea of a “home-sharing” connection platform was born, later named Luxstay – with the goal of building a new, pioneering industry and having the opportunity to become the number one as set out. .
With his experience starting from 15 years old, Nguyen Van Dung has successfully called for 168 billion for Luxstay tourism & technology combined tourism model.
With the backing of investment funds such as CyberAgent Ventures (Japan), Genesia Ventures (Japan), ESP Ventures (Singapore), Founders Capital (Singapore) and Nextrans (South Korea), Luxstay has quickly reached 3,000 places. In homestays, high-class villas spread across many cities and tourist places in Vietnam.