Michael Hwang, Managing director of Bigbang Angels, Inc which is seed accelerator in Korea. He started his career as a software engineer in Samsung Electronics and was a serial entrepreneur of 5 startups and consultant in LG CNS, director of a mobile service platform in LG Electronics, visiting professor of KAIST. As of 2017, Bigbang Angels’ fund has invested in a total of 60 companies which have got follow-on investment of 50M$, the total market value of 400M$. and 2 Exit cases.
In particular, Bigbang Angels mostly invests in tech startups including content/media, IoT, and e-commerce, based on platform business models. Some well-known companies that achieved big growth include Lezhin Comics (Cartoon marketplace), Zipdoc (home interior marketplace) and Cremotech (Pico projector).
Internet comic platform, Lezhin Comics (http://lezhin.com/), reached 30M$ in 2015 and got a follow-up investment of 50M$ from IMM PE in 2016. Zipdoc (http://zipdoc.co.kr), a home interior commerce platform, is expected to achieve transaction sales of 30M$ in 2017 and received a follow-up investment of 5M$ from Altos Ventures (global fund) in 2017. Cremotech (http://cremotech.co.kr/), a manufacturer of laser-based pico projectors, get the investment of over 5M$ and an R&D budget of 10 M$. The company has accomplished accumulated sales over 12M$ and awarded CES Innovation 2016, 2017, 2018.