(Crossposted from YongoPal)
In February, my long time friend and roommate, Darien asked me to help him revive his company, now named YongoPal. The company provides conversational English tutoring to South Koreans.
Quite a bit has happened in the last few months, and I want to briefly reflect on the progress we’ve made since this project came back to life in February.
Back in February, the project was on the shelf due to an extremely weak South Korean currency. After chatting with Darien about how a weak American economy coupled with a weak exchange rate might actually a really good time to launch, Darien asked if I would be interested in helping him get the business going again.
Since that time, we have accomplished the following:
- Renamed and Rebranded the company
- Officially registered the coporation and opened our bank account
- Found fantastic developers to develop the website
- Created detailed specs describing exactly what we want the website to do (40 pages worth of details, wireframes, and user-flows)
- Contracted with a designer to create the logo and website design
- Started some light customer acquisition
- Began talking with another company about potential marketing partnerships (very preliminary at this point)
Currently the site is finishing up the first week of active development. We will be meeting with our developers every other Friday to keep up-to-date with progress and to make sure things stay on track.
We are crossing our fingers for a late-August/September launch. We understand there are always delays, but it’s good to have a goal.
Not bad for two guys with jobs bootstrapping their business.
