Charles Michael Yim

Charles Michael Yim is a serial entrepreneur and chief executive officer of Breathometer, a device that measures blood alcohol content of users utilizing iOS and Android smartphones.[1][2] Yim founded Breathometer in September 2012.[3] He previously founded three other startup companies, including Chatterfly.[1][4] He served as founding chief executive officer of Chatterfly, a mobile loyalty platform for businesses, until it was acquired by Plum District in December 2011.[5][6] He began his career in software and business development at Fortify Software.[4][5]

In September 2013, Yim appeared on Shark Tank, a reality television series that features entrepreneurs who are seeking venture capital for their companies.[1][7] Yim originally asked for $250,000 for a 10% stake in Breathometer, but all five “sharks” ended up investing a total of $1 million for a collective 30% stake in the company.[7] This business deal was the first deal in the series’ history in which all five investors participated.[1] The event forced Shark Tank’s producers to reevaluate their strategy for selecting entrepreneurs to appear on the program.[8]

References

  1. ↑ 1.0 1.1 1.2 1.3 Timothy Hay (October 18, 2013). "Fresh From Swimming in ‘Shark Tank,’ Breathometer Raises $2M for Smartphone Breathalyzer". Wall Street Journal. Retrieved April 9, 2014.
  2. ↑ Max Nisen (September 28, 2013). "This Awesome Idea Got All 5 'Shark Tank' Investors To Invest $1 Million Together". Business Insider. Retrieved April 9, 2014.
  3. ↑ Patrick Hoge (March 13, 2013). "Mobile phone breathalyzer unveiled". San Francisco Business Times. Retrieved April 9, 2014.
  4. ↑ 4.0 4.1 Jameson Ketchum (March 15, 2013). "Breathometer Helps You Party Responsibly". Substream Magazine. Retrieved April 9, 2014.
  5. ↑ 5.0 5.1 Sarah Perez (August 17, 2011). "Chatterfly Launches Mobile Digital Loyalty App". TechCrunch. Retrieved April 9, 2014.
  6. ↑ Sara Perez (December 8, 2011). "Moms Love Daily Deals: Plum District Raises $20 Million, Acquires Chatterfly & DoodleDeals". TechCrunch. Retrieved April 9, 2014.
  7. ↑ 7.0 7.1 Charles Luzar (September 30, 2013). "Breathometer Proves Market On Indiegogo, Sets ‘Shark Tank’ Record". Crowdfund Insider.
  8. ↑ Jeffrey Powers (March 15, 2014). "Charles Yim: Breathometer Talks how Indiegogo Lead to Shark Tank – SXSW 2014". Geekazine. Retrieved April 9, 2014.