Entrepreneurs: “Chase your ego!”


“An entrepreneur chases one of two things first: ego or money.” William Wang, founder and CEO of Vizio, once told me.

When I started my company, I was chasing my ego, and I would not have done it any other way.

Starting a company is a very selfish act. Some people start companies because they want to be the next millionaire or billionaire. For me, it was all about my ego – I wanted to disrupt the world of advertising by creating an agency that is rooted in technology, and focusing on solving business problems, not just creating flashy multi-million dollar campaigns.  But I wanted to do it my way, the way I believed a business should be run, the ethics, the values, the culture. And I wanted to do it with a team of people who all share the same values, work ethics, and beliefs.

I look around the world of entrepreneurship now, and I read news about millions of VC money poured into  startups in the hope of turning it into the next billion dollar-exit companies;  I hear entrepreneurs talking about their “vision” of a $100M company in 5 years. And all I wanted to tell them was while money is important, we are all entrepreneurs because there is something more than money we chased when we started – We all want to change the world, even in the most minute way.

Something unexpected happened when I decided I was going to chase my ego, not money.  It turned out that there are other people, much smarter people, who shared this “ego” (call it vision if that sounds better). They, too, shared the idea of leveraging digital to solve real business problems, and want to be part of something bigger than themselves, to be part of a company that we build togehter. And most importantly, I realized there are people in the world that share the same values I have, and if we all come together and form a “tribe” of our own, we could all chase the same ego we all share.

Chase the vision, not the money. The money will end up following you – Tony Hsieh, CEO of Zappos


Ming Chan

As founded and CEO of The1stMovement, Ming was named as one of the "Top 10 Asian Entrepreneurs" by Inc. Magazine, and has led the agency to numerous accolades including 3-time Inc. 500 "Fastest Growing Private Companies in America", 3-time "Best Places to work in LA", and 5000% growth in 5 years with his passion for innovation and company culture. Follow @mingAtT1M