Ian Ang Explained

Ian Ang
Birth Name:Ian Alexander Ang Zheng Wei
Birth Place:Singapore
Co-founder and CEO of Secretlab

Ian Alexander Ang Zheng Wei (born) is a Singaporean entrepreneur and businessman. He is the co-founder and chief executive officer of gaming chair company Secretlab.

Career

In December 2014,[1] while enrolled in an Information Systems undergraduate course, Ang partnered with fellow competitive esports player Alaric Choo to found the startup company Secretlab, which would design and produce gaming chairs.[2] According to Ang, he decided to venture into the gaming chair industry because he could not find a chair "that would be comfortable, functional, look good and have a local warranty".[3] Ang became the company's chief executive officer (CEO), overseeing engineering, marketing, and product strategy,[4] while also adopting the informal Game of Thrones-inspired corporate title of "Protector of the Realm". With a starting capital of S$50,000 derived from his and Choo's personal savings, Secretlab quickly found success and reached a reported market capitalisation of S$200300 million in August 2019.[5] In 2020, Secretlab sold its millionth chair.[6]

Personal life

Born around 1992 in Singapore, Ang was the second of two children. While his parents tended to their automobile repair shop, he spent much of his childhood in Chong Pang with his aunt. He attended Chongfu Primary School and Orchid Park Secondary School, later graduating from Ngee Ann Polytechnic with a diploma in business studies.[7] In his teenage years, Ang was also a competitive esports player who won a regional StarCraft II competition.[8] In June 2021, Ang spent S$36 million on a 23424sqfoot bungalow near the Singapore Polo Club, as well as S$15 million on a 7007sqfoot triplex flat at Leedon Residence near Farrer Road.[9]

Recognition

Ang was listed in the Forbes 30 Under 30 Asia list in 2018.[10] In November 2020, he was named Singapore's Entrepreneur of the Year and Entrepreneur of the Year for consumer products by Ernst & Young,[11] becoming the award ceremony's youngest-ever winner.[1] The same year, Ang was nominated for the Singaporean of the Year award presented by The Straits Times.[12] In September 2022, he was named Young Business Leader of the Year at the 37th Singapore Business Awards.[13]

Notes and References

  1. News: Secretlab Co-Founders Ian Ang and Alaric Choo on the Meteoric Rise of Their Gaming Chair Company. Karen. Tee. 1 January 2021. Tatler Singapore.
  2. News: Game on: Secretlab goes from startup to global brand in 5 years. U-wen. Lee. The Business Times. 27 April 2020.
  3. News: Secret to their gaming chair success? Grit and passion. Yan Han. Goh. The Straits Times. 21 December 2020.
  4. News: These S'poreans Started Secretlab In Their 20s, Now It's A $300M Global Gaming Chair Company. Zafirah. Salim. Vulcan Post. 23 July 2020.
  5. News: Yun Ting. Choo. Temasek's Heliconia to invest millions in local gaming chair company Secretlab. The Straits Times. 13 August 2019.
  6. News: Secretlab: Gaming chairs draw new following. 11 February 2021. Leila. Lai. The Business Times.
  7. News: Lunch With Sumiko: One great idea later, Secretlab CEO Ian Ang has 70% stake in multimillion-dollar business. 29 November 2020. Sumiko. Tan. The Straits Times.
  8. News: Channel News Asia. ‘I was definitely not a good student’: Secretlab co-founder Ian Ang. Cara. Yap. 28 October 2020.
  9. News: Secretlab gaming chair co-founder Ian Ang snaps up GCB, penthouse for $51m. Grace. Leong. The Straits Times. 30 June 2021.
  10. News: Sregantan. Navin. 28 March 2018. The Straits Times. 24 in Singapore make it to Forbes 30 Under 30 Asia list.
  11. News: Secretlab co-founder Ian Ang named Singapore's Entrepreneur of the Year. 9 November 2020. Charmaine. Ng. The Straits Times.
  12. News: ST Singaporean of the Year 2020: Secretlab co-founders take gaming chairs to the next level. Yan Han. Goh. The Straits Times. 25 December 2020.
  13. News: Local business leaders celebrated at Singapore Business Awards. Sharon. See. 23 September 2022. The Business Times.