PHOTO CREDIT: Carli Teteris A dorm room in Morris Hall on the western bank of the Charles River is a plausible enough birthplace for great dreams. This was Harvard Business School, after all. But for Chatri Sityodtong in 1997, survival was the first worry: Getting by on an average of $4.30 a day, or whatever was left over from the Muay Thai lessons he taught to fellow MBA students. Life for Chatri’s family was tough, so much so he had to share his dorm room with his mother, then in her 50s. The once wealthy Japanese matriarch had no other place to live. Her apartment in Bangkok’s upscale Soi Ruamrudee neighbourhood was repossessed by the banks. The 1997-98 Asian Financial Crisis had wiped the Sityodtongs out. Along the way it destroyed Chatri’s parents’ marriage too. There are few successful entrepreneurs in Southeast Asia, or anywhere, who have not struggled. Struggle is too often seen as a difficult yet temporary phase, a dark night of the soul that yields to morning. That diminishes its importance. Every entrepreneurial struggle shapes a founder’s instincts, vision and goals. This was especially true of Chatri, now 45. “When I was really poor in my 20s… Read full this story
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