Built to Sell Radio Ep 496 After the Deal: CK on Selling for $510M, Taking a Sabbatical, and Redefining Success
May 30, 2025
Chang Kim, known as CK, sold his company Tapas for $510 million and bravely embraced a year-long sabbatical. He candidly shares his thoughts on the transformative experience of stepping back from work, discussing family dynamics and the emotional intricacies of managing newfound wealth. CK highlights the importance of teaching his kids financial responsibility, and unveils his new venture in the podcasting space, leveraging AI to connect generations through mentorship and storytelling. His insights on success and fulfillment are truly inspiring.
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Episode notes
Research Before Sabbatical
- Research thoroughly before taking a sabbatical to be well-prepared.
- Learning from others' experiences helps set realistic expectations and plan effectively.
Tapas Sold for $510M
- Chang Kim sold Tapas Media, a platform for serialized mobile storytelling, for $510 million after nine years.
- The deal was concluded within three months without an earn-out, allowing him to walk away cleanly.
Success Hinges on IP Ownership
- The key to success shifted from technology to owning intellectual property like content.
- Chang realized competing as a pure tech company was harder than succeeding as a content company.
