Lessons from a lifetime entrepreneur with Eric Ly from KarmaCheck

It’s not every week that Becca and Dom get to talk to a founder who has been building companies for the past 22 years. This week on Found, we’re joined by Eric Ly, co-founder of LinkedIn and the current co-founder and CEO of KarmaCheck (https://karmacheck.com/) startup that is making the background check process quicker and more transparent. Ly discusses his vision for streamlining background checks, the challenges of building multiple companies, and how his entrepreneurial mindset has evolved since the early days of the internet. You’ll learn about the future of online trust and the potential impact of blockchain technology on identity verification.

00:00 – Introduction and Two Truths and a Lie

02:00 – Introducing Karma Check: Background Checks Reimagined

05:00 – The Evolution of Background Checks

08:00 – Automating and Streamlining the Process

12:00 – Demand for Faster Background Checks in the Job Market

15:00 – Eric Ly’s Entrepreneurial Journey

18:00 – The Changing Landscape of Venture Capital

21:00 – Leadership Evolution and Building Company Culture

23:00 – Entrepreneurial Mishaps and Lessons Learned

27:00 – Growing Up in Silicon Valley 29:00 – Navigating Market Cycles and Hype

31:00 – Future Possibilities: Blockchain and Digital Identity

33:00 – Conclusion and Wrap-up