5 Tips On Starting A Tech Company

By Steve W. Kim of Wemagin

Every other day we hear about how a tech company has changed the world and that there’s a new billionaire younger than the previous. It’s so inspiring to think that innovations like the iPhone just came out of the human brain. We are capable of so much when we are determined and our focus is in the right places. Sure, it’s great to make money, but I prefer to rate a new company by how it helps the world.

My inspiration to create the Wemagin started three years ago when I realized the gravity of how crucial internet privacy is all over the world. VPNs are available on the market, but you have to be extremely tech savvy to use them. My goal was to make internet privacy accessible to everyone.

And so my journey to starting a tech company began. Here are some things I’ve learned along the way:

1. Think Big: Beyond Space & Time.

“Think Big.” We’ve all heard this throughout our lives, but what does that mean today? We need to think beyond countries and culture. We can’t think about just being big in sense of dollars or in size because that’s not really thinking big. It’s actually putting a limitation to your goals! Think beyond what you know – your culture, language, etc. Think about the unknown. Not just how it can enhance your daily life but how it can change the world in the future.

2.  Miniaturize Everything.

I believe the key in tech is miniaturization. Everything needs to be mobile and shouldn’t be bigger than what you can hold in your palm. Sure there are exceptions, but as a general rule, devices should be small. Ultimately carrying nothing is the goal. Inventing something entirely new is great but if you can take an existing product and miniaturize it – you can help make the world a better place.

3. Think Application, Not Techie.

There are millions of engineers who are equally adept, but the ones who can see the application and be the first get the prize. There really isn’t anything that one engineer can build that another can’t. Everything we are doing now in technology has been with us since the beginning. We’re merely creating application in a different shell. You need application before engineers.

 4. Seek Friends, Not Money.

When you’re a start-up, it’s so important to have friends you can trust. You need people who will give you honest feedbacks. Funding does not solve all your problems. Friends are so critical to a startup who can support your vision and help guide your vision, which will always need constant tweaking.

5. Need A Quarterback.

You need a good team but like all good teams, you need a good quarterback, a center who can make the calls and make the pass. Tech is full of great players but finding a quarterback is not so easy. You need someone who understands every player and is capable of making the right call. This person isn’t necessarily an engineer, but he needs to know to some degree what every player and plays involve. Steve Balmer, Mark Cuban and Steve Jobs are probably the world’s most brilliant quarterbacks.

Starting a tech company has it’s challenges, but don’t give up. The reward is definitely worth the work – not only to make money, but ultimately to make people’s lives better.

Steve Kim has worked alongside DreamWorks and the James Dean Estate to license numerous products – catapulting them to major success. While traveling to N. Korea on a mission three years ago, he had the idea to create and develop a game-changing technology that will revolutionize privacy as we know it and save lives all over the world. When he returned home to the States, he raised capital and hired MIT’s brightest, as well as programmers from all over the world to produce Wemagin. Wemagin was originally designed as a solution to N. Korea’s big brother government crisis – protecting the privacy of the individuals who need it most.