This is a subscriber-only article.

Get an annal subscription to Entrepreneur+ for $49 $32.83 during our
Memorial Day Sale

Use code SAVE33 at checkout.

Subscribe Now

Already have an account?

Sign in
Entrepreneur Plus - Short White
For Subscribers

Financing a Second Startup on Cash Flow of Your First With the success of one startup, Kiha Lee financed another.

By Michelle Goodman

Opinions expressed by Entrepreneur contributors are their own.

Kiha Lee of
Photo© Renée Cascia

When daily deal sites like Groupon and LivingSocial started to heat up, Kiha Lee took notice. Capitalizing on the success of his online community for bargain shoppers,, the Silicon Valley entrepreneur created, a startup that offers online shoppers daily deals from national merchants, many of them lesser known and seeking exposure to a wide new audience.

Since's launch in January, close to 160,000 consumers have joined, snatching up bargains that have saved them nearly $700,000.

We talked with Lee about how he tapped into the success of his parent company to finance a new effort.

The rest of this article is locked.

Join Entrepreneur+ today for access.

Subscribe Now

Already have an account? Sign In