[2022 Startup Station Lecture Series #1] “These Startups are bound to fail!” Co-representatives of Chunmyung & Company, Jaehyun Jeon and Hyeonjae Yu

The first round of the 2022 Startup Station Lecture Series, hosted by KUBS (Dean=Johngseok Bae) Startup Station (Director=Hojung Shin), was held on April 12^th(Tue). The Lecture Series is a program organized by the Entrepreneurship Academy of Seung Myung-ho Entrepreneurship Education Center(Director=Dongseop Lee, the educational department of Startup Station. Startup mentors currently in business are invited to give lectures themselves in this program.

Jaehyun Jeon and Hyunjae Yu, co-representatives of ‘Chunmyung & Company’, gave the lecture, broadcasted online due to COVID-19, on the topic of ‘3 things that are good to prepare for Startup.’

Co-representatives Jaehyun Jeon and Hyunjae Yu are currently running ‘Chunmyung,’ which provides intermediary service platform for fortune-telling. The lecture was given in a comfortable atmosphere, and rather than giving advice on how to make a startup successful, the topic focused on "This will inevitably ruin the startup!"

Through the three main questions of "Are we making what customers like?" "Can your team members make the best of a bad bargain together with you?" and "Are we proving it, not claiming it?" they continued to share vivid experiences, including the hardships they suffered to get seed money from the preliminary start-up package after quitting work.

After the lecture, there was a time to exchange questions from participants dreaming of actual startups, such as the initial process of verifying hypotheses and difficulties in customer sales.

To the question "It is really difficult to find a team member, but is there a solution to this?", CEO Jeon advised, "If you are a student, it is better to experience various groups and organizations such as academic societies and studies." Finally, CEO Yoo advised, "Even if what you are doing now does not win awards at competitions, it is important to go beyond that idea and take on various challenges in a broader perspective."

Meanwhile, "Chunmyung & Company Co., Ltd." is a graduate of the "2019 Fall CHOO CHOO Day" organized by a Startup Station in 2019, and moved into the Startup Station Institute of KUBS in the summer of 2019. It is a startup that provides a fortune-telling intermediary service platform called "Chunmyung," which connects shaman and fortune-tellers, tarot card readers, and customers. It provides fortune-telling services in cooperation with top fortunetellers and uses brokerage fees as its main profit model.