Entrepreneur Plus - Short White
For Subscribers

Financing a Second Startup on Cash Flow of Your FirstWith the success of one startup, Kiha Lee financed another.

ByMichelle Goodman•

Opinions expressed by Entrepreneur contributors are their own.

李Kiha DealPulp.com
Photo© Renée Cascia

When daily deal sites like Groupon and LivingSocial started to heat up, Kiha Lee took notice. Capitalizing on the success of his online community for bargain shoppers, dealspl.us, the Silicon Valley entrepreneur createdDealPulp.com, a startup that offers online shoppers daily deals from national merchants, many of them lesser known and seeking exposure to a wide new audience.

Since DealPulp.com's launch in January, close to 160,000 consumers have joined, snatching up bargains that have saved them nearly $700,000.

We talked with Lee about how he tapped into the success of his parent company to finance a new effort.

This is a subscriber-only article. Join Entrepreneur+today for access

Learn More Log In

Editor's Pick

Related Topics

Cash-Flow Management Financing Startup Funding Deal Sites Smart Finance

Most Popular

See all
Business News

Kristen Bell and Dax Shepard's Family 'Stranded' at Boston Airport During 9-Hour Delay: 'We Made Quite a Home Here'

The actors spent $600 on pillows and blankets while waiting for their flight.

By Sam Silverman
领导

There Are 2 Types of Entrepreneurs — And This Is the One You Want to Be. Here's Why.

By honing a few strategic leadership abilities, you'll be able to reach new levels — ensuring that your business is running smoothly and ready for whatever comes next.

By Mark O'Donnell
Innovation

How Tragedy Can Ignite a Passion for Healing — 7 Steps For Those Dealing With Grief

My journey with business success, personal loss, grief and a Fellowship at Harvard

By Adam Ramsey, MD
Marketing

How ChatGPT Is Changing Digital Marketing (for Better or Worse)

The current state-of-play strengths, weaknesses and potential of this breakthrough tech, and why owners and other execs should be aware of its capability gaps.

By Jason Hennessey
Business News

Subway Will Give You Free Sandwiches Forever — If You Make a Legally Binding, Lifetime Commitment First

It will take a true superfan to win this competition.

By Amanda Breen
Starting a Business

10 Ways to Create a Startup Dream Team

Get tips on how to form an effective founding startup team, focusing on hiring the right culture fits, creating a flexible structure and fostering a feedback-rich environment.

By Murali Nethi