Next Shark (by Ryan General):
Today, Thuan Pham is the successful Chief Technology Officer at Uber, the most valuable ride-sharing startup in the world worth over $62 billion, but as a child, Pham struggled to survive as a poor refugee boy escaping a war-ravaged Vietnam.
Pham was among the tens of thousands of refugees who fled from the Vietnam War in 1979. The 10-year-old Pham, his mom and his siblings were crammed with hundreds of other Vietnamese refugees on a 60-meter boat on their way to an uncertain future.
The refugees endured a perilous journey with their boat being raided by pirates twice.
“We would not panic. In fact we would be calm and surrender ourselves,” Pham told Tech In Asia. “That’s the way a startup journey is. Even if you lose all one day, you can build all over again if you retain your calm.”
Their boat landed on the shores of Malaysia but they were immediately rejected as refugees. Instead of returning to their country, his mother took a chance in taking her children on another boat to Indonesia, where the family stayed for 10 months.
Living on the island of Letung, young Pham would swim to the nearby town to buy candies which his mother sold in the refugee camp to earn money.
“We used to make 10 cents of profit a day, and that would be a luxury,” he recalled. “We could buy fresh fish.”
Pham’s life began to change after his mother’s asylum application in the U.S. was approved. They relocated to Maryland, where his mother worked as a ledger keeper at a gas station during the day, and as a grocery packer at a supermarket at night.
While studying in American schools, Pham struggled initially as he didn’t know English and had to start from scratch. He also wore donated clothes and shoes and found work at a local car wash station.
“I remember wearing girl socks for almost two years in oblivion, until someone pointed,” Pham told Tech in Asia.
A persistent and hardworking student, Pham graduated from MIT with a bachelor’s in computer science in 1991.
“I strongly encourage aspiring entrepreneurs to educate themselves, even if they don’t wish to graduate,” he said. “College education opens doors for you.”
After MIT, he found work at HP Labs, Silicon Graphics, DoubleClick and VMWare. When Pham joined Uber in 2013, it was already present in 60 cities with 200 employees. Currently, the company has an estimated net worth of $62.5 billion, has a presence in almost 400 cities and employs thousands of employees around the world.
As the Uber CTO, he has helped improve the Uber app which was prone to crashes in its earlier versions. To ensure that the app is responsive and crash-proof, Pham has developed innovations that enable its architecture to keep running even if something goes wrong.
“Now we don’t crash, because we have done that in our early journey,” he said. “Entrepreneurs should fail fast in the early days.”
Growing up with hardship and the constant threat of death back in Saigon, which today is Ho Chi Minh City, Pham was forced to overcome fear at an early age, but that trait still stick with him today.
“It taught me that life is ephemeral,” he said. “I advise young entrepreneurs to treat their startups as a learning experience. Even if it all fails you can rebuild it again. You’re in a free world.”